The secrets that seasoned cryptocurrency traders absolutely won't share! Trading for 7 years from 20,000 to 20 million.

As a seasoned veteran in the cryptocurrency space for many years, I've inadvertently been involved in cryptocurrency trading for 7 years. Surviving in this field has been no easy feat! Initially, I faced the brutal impacts of market makers, endured multiple liquidations, lost my way at times, and spent countless lonely nights smoking on the balcony. Now with a net worth in the eight figures, this is the experience of growth!

1. Go with the trend and only trade based on the primary trend!

For example: If the overall trend is bullish, then you should focus on going long; if the overall trend is bearish, then focus on going short.

2. Buy on dips in an uptrend and sell on rallies in a downtrend.

3. After making a profit, let the profit grow significantly while limiting losses to small amounts.

4. Always set protective stop losses to limit absolute losses.

5. Do not trade impulsively; plan your battles.

6. First, develop a combat plan, then execute it decisively.

7. Always control your standard position to 4 layers.

8. Diversify investments, but be careful not to over-diversify, which can lead to adverse effects; thus, you must maintain a balance.

9. The risk-reward ratio must be at least 3:1 to proceed.

10. If you are using a pyramid-style increasing method, then you must follow these principles:

A) Each subsequent layer must be smaller than the previous one.

B) You can only increase your position with profits.

C) You cannot increase investment on a loss.

D) Set protective stop-loss orders at the breakeven point.

11. When experiencing significant losses, never add margin; do not gamble your entire fortune on a single trade.

12. To prevent yourself from adding margin impulsively, you must cash out 75% of your capital and keep it in your bank account.

13. When taking profits, you must first close your positions on those that are already at a loss.

14. If you're doing short-term trading, you can watch the market every day; if not, try not to watch all day. Just take a glance once a day or every other day! When making decisions, be sure to reflect during the times you’re not watching the market, and then make your decision.

15. When researching trend directions, you should start from the long term and then study the short term.

16. If you are going to make a trade, you must find the most precise entry and exit points on that day.

17. Try not to pay attention to what some media claim to be news, as much of it is intended to mislead you.

18. The market always takes money from the majority and gives it to a minority. If you believe you are part of the minority and your market judgments are based on a holistic analysis, it’s very likely that the vast majority disagree with you, but you must trust yourself.

19. Trading must be a process of gradual learning and practice, ultimately resulting in experience! Therefore, always maintain a humble attitude, continuously learn and explore, and don’t immerse yourself in it every day; just spend half an hour daily.

20. To truly learn the techniques, you must learn comprehensively, but when finally developing a trading system, it should be kept simple.