Trading cryptocurrencies for 8 years and earning 50 million! 10 pieces of genuine experience to avoid pitfalls and copy directly.
After 8 years of trading cryptocurrencies, I have climbed up from multiple liquidations and being trapped, ultimately accumulating over 50 million in profits and achieving financial freedom.
Today, I won't hold back; I will share with you the 10 core experiences I summarized from these eight years of pitfalls and recoveries, each one is a lesson learned with hard-earned money. $ZEC
1. Don't go all in with a capital of less than 100,000; I lost quite a bit early on by going all in too eagerly to double my investment. Later, I found that capturing a major uptrend once a year is enough; patiently waiting for the right market conditions is the key.
2. Money earned from outside your understanding is not real; I practiced my mindset with a simulated account for half a year before trading live. A simulated account allows for unlimited trial and error, while a real account can lead to getting knocked out with one big mistake.
3. Good news becomes bad news once it’s realized; I have previously fallen into the trap of being caught in a high opening after major good news. Now, as long as the good news hasn't materialized on the day, I decisively sell on the next day's high opening.
4. Always be cautious during holidays; history has repeatedly validated that reducing positions before holidays is wise. I have suffered losses from holding positions that plummeted before a holiday, so I never take chances anymore.
5. For medium to long-term investments, don't be greedy and think you can eat it all in one wave. Keep enough cash to sell high and buy low; this is key to avoiding being harvested by market makers.
6. Focus only on active coins for short-term trading; those with large fluctuations and sufficient trading volume are worth engaging with, while obscure coins are just a waste of time.
7. Slow declines and rebounds are exhausting, while sharp declines rebound faster. Hitting the right rhythm can save you from many detours.
8. Always cut losses if you buy the wrong asset; as long as there's capital, there will always be opportunities. This is fundamental to my survival in the market.
9. For short-term trading, look at the 15-minute candlestick chart + KDJ; this is incredibly useful for finding buying and selling points.
10. You don't need to know too many techniques; mastering one or two to perfection is sufficient.
#币圈生存法则 Taking fewer detours means making money. If you are still confused, these experiences can help you avoid pitfalls! $AAVE
Those who can survive and profit in the market have always been the ones willing to take the first step.
Are you ready? @bit福多多
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