If you haven't made 1 million in a year of trading cryptocurrencies, you still won't make money after reading these 10 key points, come find me!
After 8 years of trading cryptocurrencies, I've made over 50 million. Here are the 10 essential tips for survival in the crypto world 👇
1️⃣ Small capital, catching a major uptrend once is enough
If your capital is less than 100,000, catching a major uptrend once a year is sufficient; don't think about being fully invested and monitoring the market all day.
2️⃣ First practice mindset, then practice skills
A person can never earn wealth beyond their understanding. You can fail infinitely on a simulated account, but one failure in real trading could mean losing everything, or even exiting the market for good.
3️⃣ Be cautious of realizing profits on the day of good news
When significant positive news occurs, if you don't sell on the same day, sell on the next day's high opening; realizing profits often means negative news.
4️⃣ Reduce positions before holidays
Reduce your positions or even go to cash a week before major holidays; historical data shows that the market tends to decline during holidays.
5️⃣ Medium to long-term rolling operations
Keep enough cash on hand, sell high, buy back on dips; rolling operations are the best strategy.
6️⃣ Short-term trading focuses on volume and patterns
Trade actively with volatile patterns, avoid inactive ones. Volume determines opportunity.
7️⃣ Accelerated declines lead to quick rebounds
Slow declines lead to slow rebounds; fast declines also lead to quick rebounds, so pay attention to the rhythm.
8️⃣ Acknowledge mistakes and cut losses in time
Preserving capital is the fundamental principle for survival in the market; don't cling to a single trade hoping for a turnaround.
9️⃣ Always look at the 15-minute K line for short-term trades
Combining with the KDJ indicator can help find more precise buy and sell points.
🔟 Master a few, don't be greedy for more
There are countless methods for trading cryptocurrencies, but mastering just a few is enough; being greedy can lead to confusion.
Someone asked me if I’m willing to mentor newcomers, and I always say: my light is always on; those who are willing to walk towards the light and learn earnestly will naturally see it.
If you want to make big money in contracts, first learn not to get liquidated.
Only those who survive can talk about the future.
No empty promises.
Now the team still has open positions; for those who want to learn methods and turn their fortunes around,
let's get started together!
