Since I started with 10,000 in contracts, my net worth has reached eight figures, and my journey in cryptocurrency can be described as a novel! Here are some takeaways!

1. If your initial capital isn’t very large, such as under 100,000, catching a significant market fluctuation once a day is already sufficient. Avoid being greedy and holding positions all the time!

2. When encountering major positive news, if you don’t sell on the same day, remember to sell when the market opens high the next day. Realizing profits often turns into negative news.

3. Market news and holidays are also very important. When major events occur, adjustments should be made in advance (reduce positions or even go to cash). Based on past experiences, significant events will definitely lead to major fluctuations. If you can’t predict the direction in advance, wait for the market to come and follow the trend!

4. The strategy for medium to long-term trading should always be to trade with light positions, leaving enough room for operation. Steady operations are the best strategy; avoid heavy positions.

5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid greed and hesitation. When the market fluctuates greatly, look for suitable entry points. If the market is stagnant and inactive, then stay in cash and wait patiently.

6. When the market fluctuates slowly, rebounds will also be slow. When the market fluctuates quickly, the corresponding corrections will also be rapid!

7. If you enter at the wrong point, promptly cut losses (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is fundamental to survival in the market.

8. For short-term trading, it is essential to analyze 15-minute K-line charts. The KDJ indicator can help capture suitable entry points better.

9. There are thousands of techniques and methods for trading cryptocurrencies, but the most important thing is the mindset. A person’s mindset is crucial; the crypto world can easily make you feel the highs and lows. So adjust yourself accordingly.