After 8 years of trading cryptocurrencies, I made 50 million with these strategies. Carefully read the following 10 points, and if you haven't gained anything, feel free to reach out to me for a chat!
1. If your funds are within 200,000, there's no need for frequent operations. Just seize one major bullish trend each year; avoid being fully invested throughout the year.
2. Your understanding determines the upper limit of returns. If your experience is still shallow, it might be wise to practice with a simulation account—this can help train your mindset and allow for bold trial and error. Once you make a mistake in a real account, there may be no chance for recovery.
3. If significant positive news comes out and you haven't sold on the same day, it is advisable to decisively exit on the next day's opening high. Remember: the realization of good news often leads to bad news.
4. Before important holidays, it's best to reduce your positions or even liquidate them a week in advance. This is a rule well understood by seasoned traders—markets tend to drop rather than rise during holidays.
5. The key to medium to long-term investing is to always keep enough cash on hand. Sell during rallies and buy back during declines, continuously accumulating advantages through rolling operations.
6. Short-term trading should focus on two indicators: trading volume and candlestick patterns. Prioritize cryptocurrencies with high volatility and strong liquidity; avoid obscure coins as much as possible.
7. The rhythm of declines can indicate the strength of rebounds: gradual declines often correspond to slow rebounds, while sharp declines are likely to welcome quick pullbacks.
8. If the direction is wrong, be sure to cut losses. Protecting your principal is always the first principle; as long as you have the green mountains, there will be a future.
9. For short-term trading, it is recommended to pay attention to the 15-minute candlestick chart, using the KDJ indicator to find buy and sell points, which can effectively improve your win rate.
10. The value of methods lies in their precision rather than quantity. Mastering a few key strategies deeply is far more useful than having a superficial understanding of many strategies.
