Friends' advice on not making 100,000 USDT in a year of trading coins: read these ten tips.
They are not secrets but help you stay clear-headed in the crypto world and avoid unnecessary detours.
I have been trading for eight years and made over 36 million; these ten points are all practical experiences to remember and follow to avoid 90% of the pitfalls.
First, don't be greedy with less than 100,000 USDT.
Catching the main upward trend once a year is enough; don’t always be fully invested and trade frequently, or you will lose faster. A big market movement can change your account structure.
Second, recognize the upper limit of profit.
If you can't earn money outside your understanding, practice on a simulated account to build mindset and courage. The simulated account allows for infinite trial and error, but losing once in a real account could mean complete exit.
Third, remember significant positive news.
If you haven't sold on the day of the news, make sure to sell on the next day's opening high. Positive news turning into negative news should not be gambled on waiting for a high point; otherwise, you'll be trapped at the peak.
Fourth, avoid traps before holidays.
Reduce positions or go to cash a week before holidays; historical patterns show a high probability of declines during holidays, so it's safer to avoid them in advance.
Fifth, keep enough cash for medium to long-term core investments.
Selling at a high and buying back during a dip is the best strategy; don’t hold onto positions or blindly bottom-fish.
Sixth, monitor two points: trading volume and chart patterns for short-term trades.
Choose active coins with significant volatility; definitely avoid those that are dull and silent to save time.
Seventh, understand the patterns of price fluctuations.
Slow declines and slow rebounds, fast declines and fast rebounds. Understanding this helps you avoid the pitfalls of bottom-fishing and peak-escaping.
Eighth, if you buy the wrong asset, recognize it and cut losses in time.
Preserving your principal is fundamental to survival; don’t stubbornly bear losses; decisive loss-cutting gives you a chance to turn around.
Ninth, always check the 15-minute K-line for short-term trading.
Combine KDJ to find buying and selling points more accurately; beginners should avoid guessing and follow the signals for more reliability.
Tenth, it's not about having many techniques but mastering a few.
There are many ways to make money in crypto; mastering a few is enough. Being greedy leads to underperformance, and in the end, nothing is done well.
The market is fluctuating every day; hold onto your principal and original intention, and you can stand firm in the next cycle.
The market is brewing, don’t wander around blindly alone anymore.
If you are willing, @Ming_铭哥 will take you to shore.