After a year of trading cryptocurrencies, have you achieved your goals? If you're still exploring, the path I've walked may light your way.
Over eight years, from frequently stepping into pitfalls, experiencing liquidations, to slowly recovering, I have accumulated profits exceeding 50 million. Along this journey, I have gained not just wealth, but a complete set of insights and mindset.
If you also long for breakthroughs, the following ten pieces of advice derived from my real experiences may help you avoid detours.
$VOXEL
1. If your capital is not large (for example, under 100,000), don't always think about operating at full capacity. Just catching one major uptrend in a year is enough. Before the market arrives, patience is your strongest weapon.
2. People can never earn money beyond their understanding. Before trading in real markets, first practice your mindset and courage with a simulated account. A simulated account allows you to fail endlessly, but in the real market, one major mistake may lead to your exit.
3. Remember: good news turning into reality is bad news. If significant good news has not been released on the day it’s announced, and the next day opens high, it’s advisable to sell promptly; otherwise, you may easily get stuck.
4. Always be vigilant during holidays. History has repeatedly proven that reducing positions or even going to cash before holidays is a wise move; “markets must drop during holidays” is not said casually.
5. The essence of medium to long-term trading is to keep enough cash, sell high and buy low, and operate in a rolling manner. Don't always think about squeezing every last bit; that’s a game for big players, not a dream for retail investors.
6. For short-term trading, only choose cryptocurrencies with active trading volumes and significant price fluctuations. Don’t touch inactive ones; they waste your time and wear down your mindset.
7. If the market is slowly declining, rebounds will be very frustrating; but if the decline accelerates, rebounds often come faster. Timing is very important.
8. If you buy incorrectly, you must admit it and stop the loss immediately. As long as your capital is still there, opportunities are always present—this is the essence of survival.
9. If you're day trading, definitely watch the 15-minute candlestick chart more closely, combined with the KDJ indicator, which can help you find many golden buying and selling points.
10. There are countless trading techniques for cryptocurrencies; you don't need to master them all. Mastering one or two methods is enough; the key is to practice them to perfection. #SurvivalRulesInCrypto
Each of these ten pieces of valuable advice is a lesson I’ve exchanged for real money. Avoiding detours is itself a way to earn money. If you are still wandering in confusion, consider reaching out to Sister Anxin; she will help you break through your difficulties! #加密市场观察
