Ten years of trading cryptocurrencies earned 50 million, it sounds like a myth, but behind it are countless liquidations and sleepless nights spent watching the market.
Today, I will share a few hard truths condensed from blood and tears, every word is real, understand these to avoid five years of detours.
1. If you have little capital, don't go all in, waiting is the top strategy
In my early years, I was also eager to make a comeback, fully invested and chasing the rise, which resulted in being deeply trapped. It wasn't until later that I realized: ordinary people only need to catch 1-2 major upswings in a year; the rest of the time, you should wait like a hunter. The market is not short of opportunities; what is lacking is the ability to survive until opportunities arise.
2. Only earn money you can understand, reject "FOMO"
Before trading in real markets, I practiced with a simulation account for half a year—simulated trading allows for error with zero cost, while a mistake in real trading could mean no chance of recovery.
Good news often leads to bad outcomes: if there’s no movement on the day the news is released, sell on the high opening the next day; reduce positions before and after holidays, as historical trends repeatedly verify that risks before holidays far outweigh the gains.
3. Position management determines life and death
For medium to long-term: don’t fantasize about eating the whole fish, keep cash to sell high and buy low, avoiding getting washed out; for short-term: only trade highly volatile and popular coins, obscure coins waste time and drain your mentality; different strategies for different declines: endure gradual declines, but you can bet on a rebound in sharp declines; timing is key to making profits.
4. Cutting losses to protect capital is the first iron rule
If you buy wrong, you must stop loss immediately; protecting your capital is essential to stay in the game. Technical indicators are better to be precise than numerous: for short-term, mastering the 15-minute K-line + KDJ is sufficient to find buy and sell points; complexity can lead to mistakes.
In the past, I was stumbling alone in the dark; now I hold the light in my hand.
The light is always on, will you follow? @萧哥带单日记
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