The golden 'six points' for making money in cryptocurrency trading, have you understood them? A valuable share!!! A big shot in the crypto world once said that if retail investors can achieve these six points, they can easily turn 100,000 yuan into 5 million. What are these six points?

First point: You must understand stop-loss and take-profit.

We trade cryptocurrencies for trading, for speculation, not to hold forever! When you are in profit, you think about making more; when you are in loss, you are reluctant to sell. This mindset is definitely not advisable. When the position trend goes wrong, you need to sell decisively.

Second point: Don't always think about buying at low points and selling at high points.

Because the market will always have lower and higher points. Ordinary people cannot achieve this mechanism, so do not pursue so-called highs and lows. What we really need to do is buy and sell in the bottom and top areas.

Third point: Volume and price must match perfectly.

For positions that rise without volume or reach new highs without volume, we must be vigilant. It may be a signal of the main force being unable to unload, leading to an exhaustion of the rise. Never chase it; it’s better to miss out than to make a mistake.

Fourth point: Be quick to react.

When information appears, we must immediately identify which favorable sectors and companies are involved. If you can't keep up with the first tier, then we need to act timely, as the second tier will also yield considerable gains.

Fifth point: Learn to rest.

As the saying goes, it takes three months to see the bottom and three days to see the top. This means that the main rising wave of the known cryptocurrency price increase cycle only lasts for a short time. Therefore, we need to learn to seize this main wave and usually rest during the other times.

Sixth point: The biggest good news for the market is a sharp decline, because a sharp decline often brings many bigger opportunities. When others are greedy, you must learn to be fearful; when others are fearful, we should be greedy. So when the market experiences a sharp decline, do not be afraid; at this time, we should choose quality positions and build our positions timely.

These six points sound relatively simple, but very few can truly achieve them. Why? Because if you cannot overcome the weaknesses of human nature, you will never earn your first five million in your life.