If you have been trading cryptocurrencies for over a year and haven't made 100,000 U, I suggest you seriously read through these 10 heart-wrenching tips. They are not secrets, but rather a way to help you wake up.
After 8 years of trading, I made over 60 million, all thanks to these 10 tips, which I tackled one by one👇
1. If your funds are not large, don't think about making money every day.
With less than 100,000, catching a main uptrend once a year is enough. Always being fully invested will ultimately just cost you money in the market.
2. You won't earn a dime beyond your understanding.
First, practice your mindset and courage on a demo account. You can fail countless times on a demo, but failing once on a real account might mean losing everything.
3. When major good news comes out, don't be greedy.
If you don't sell on the same day, make sure to exit on the high opening the next day. Good news being realized is often bad news.
4. Reduce your holdings a week before major holidays.
Don't believe me? Look through history, markets typically drop during holidays, it's accurate nine times out of ten.
5. The core of medium to long term trading can be summed up in one sentence.
Keep enough cash, sell high, and buy back during dips. Rolling operations are the best strategy.
$SIREN
6. For short-term trading, only trade active assets.
Look at trading volume and patterns; only those with significant ups and downs are worth trading, ignore the inactive ones.
7. The rhythm of decline and rebound is matched.
Slow declines lead to slow rebounds; sharp declines lead to quick rebounds. Don’t wait for a quick rebound during a slow decline.
8. Admit when you buy incorrectly, don’t hold on.
Cut your losses in a timely manner to preserve your capital; this is fundamental to surviving in the market.
9. For short-term trading, you must watch the 15-minute K-line.
Combined with the KDJ indicator, your buy and sell points will be much clearer than others.
10. There are thousands of technical methods, don't be greedy.
Mastering a few is a hundred times better than learning a little of everything and being mediocre.
If you want to change your current situation, stop blindly following trends, and stop losing repeatedly, then come find Da He! Follow the right person and walk the right path to steadily profit in the crypto world, and let's reach the shore together!