💰 How can beginners in the crypto world earn their first pot of gold? Remember these 6 points to win at the starting line!
Want to earn your own 5 million in the crypto world? 💎 Then quickly master the following secrets! Although they seem simple, it's not easy to execute them; each step can decide your future wealth path👇
1️⃣ Stop-loss and take-profit are the lifelines of trading
Trading is not a romance; don’t be greedy when making money and don’t hold on when losing. When the trend is not right, decisively cut losses and learn to kill small losses in the cradle, instead of waiting for bigger losses! 🚨 Remember: Holding for a longer time doesn’t necessarily mean earning more.
2️⃣ Don’t chase extreme highs and lows; contentment brings happiness!
Precise bottom-fishing and peak-escaping are the “beautiful fantasies” of most people. Ordinary people just need to buy in the bottom area and sell in the top area; it doesn't need to be perfect, earning steadily is the key! ⛳
3️⃣ The relationship between volume and price is your compass
If you see prices rising but trading volume shrinking, or reaching new highs with “no volume,” be careful! This usually means the main players are offloading; don’t dive in chasing the rise, it’s better to miss out than to make a mistake. 📉 The signals behind the market are the key.
4️⃣ Act quickly and seize opportunities!
After good news is released, pay attention to the relevant sectors and projects immediately. 🚀 If the first tier misses out, decisively join the second tier; there are still opportunities to make money! Procrastination and hesitation will only make you watch others earn.
5️⃣ Learn to rest and let go of volatility!
The major trends in the crypto market are short-lived; grasp the main trend tightly, and during the remaining time, rest assured and cultivate your skills. Don’t waste your capital and mindset on frequent operations during major trends! ⏸️
6️⃣ A sharp decline is your “wealth password”
Opportunities often increase after sharp declines; don’t be scared off by market fear. Be greedy when others are fearful, seize quality cryptocurrencies at low prices, and prepare for the next round of rebound. 📉➡️📈 A sharp decline is a gift for those who are prepared.
