I plan to use 5,000 yuan to speculate in cryptocurrencies. How can I quickly get to 100,000 yuan?
1. Don't fantasize about getting rich overnight. Long-term profit and survival are the kingly way.
2. Don't trade frequently. You should find the best time to enter the market and avoid impulsive operations.
3. Strictly follow the trading signals to control risks. Not being impulsive is the first principle.
4. Be cautious when making profits. Don't let greed blind your eyes and always be vigilant about risks.
5. Control the loss of each transaction within 2% and set a stop-profit and stop-loss point.
6. Reduce trading or pause after a loss, regain confidence first, rather than rushing to turn the tables.
7. If you make a mistake, withdraw immediately, save your strength, and look for the next opportunity.
8. Top traders stick to principles even in extreme markets and wait patiently for the trend to become clear.
9. Respond to market changes flexibly, formulate trading strategies, don't complain about the market, and accept uncertainty.
10 Learn to restrain yourself, leave the market quickly when the position is unfavorable, reduce or stop trading in unfavorable market conditions, and protect the principal.
Never lose on strategy.