What did you do with the first bucket of money earned from trading coins?

In the cryptocurrency world, the key to success lies not only in luck but also in mastering the right trading strategies.

Here are the core methods I used to grow my capital from 100,000 to 1,000,000, which I would like to share with everyone:

First, staying in cash is the realm of experts. The smartest traders often know how to stay in cash during a bear market and wait for opportunities. Being in cash not only helps avoid losses in a bear market but also allows you to catch the best entry points during market downturns. There are multiple instances each year where there are corrections of 20% or more; seizing these opportunities can maximize returns.

Secondly, selling must be decisive. In the cryptocurrency world, knowing how to sell is more important than knowing how to buy. Never chase the highest point, as the highest point is only known in hindsight. Set a clear profit target, such as placing a sell order when your investment reaches 1,000,000, to avoid greed. Another way is to use a technical profit-taking method, combining MACD and moving averages to determine the selling timing. When the 5-day moving average crosses below the 7-day moving average, and the MACD's DIF line crosses below the DEA line, it indicates that the price may fall.

Finally, be cautious when buying. In a bull market, choosing the right altcoins for investment can yield higher returns. Especially during bull market corrections, many altcoins will be significantly discounted, allowing you to buy promising coins at low prices and wait for the next bull market to arrive. At the same time, pay attention to hot sectors in the bull market, such as artificial intelligence and GameFi, take profits in a timely manner, and convert your profits into BTC and ETH.

These three strategies: staying in cash and waiting, target profit-taking, and buying at low points, are the core experiences that helped me grow from 100,000 to 1,000,000. Mastering these, you too can steadily profit in the cryptocurrency world.

As an experienced cryptocurrency investor, I share my experiences and insights for free. Interested in the cryptocurrency world but unsure where to start? Follow me to see how I navigate this bull market to achieve freedom.