How to turn 10,000 oil into 1,000,000 oil in the cryptocurrency world

Let's see how to go from 10,000 oil to 1,000,000 oil?

It's all about experience; I’ve organized 9 points 👀↓

1. If your initial capital is not very large, for example, within 100,000, being able to catch a significant market fluctuation once a day is already enough; do not be greedy or hold positions all the time!

2. When encountering major positive news, if you don't sell on the same day, remember to sell at a high opening the next day; realizing profits from good news often leads to bad news.

3. Information and holidays are also very important; when facing major events, adjustments should be made in advance (reducing positions or even going to cash). Historically, whenever there is a major event, the market will inevitably experience significant fluctuations; if you cannot grasp the direction in advance, then wait for the market to come and act accordingly!

4. Medium to long-term strategies should always involve light positions to leave enough operational space; a steady approach is the best strategy; do not operate with heavy positions.

5. Short-term trading focuses on following the trend, entering and exiting quickly; avoid being greedy and hesitant. In a volatile market, find suitable entry points; if the market is sluggish and inactive, stay in cash and wait patiently.

6. If the market fluctuates slowly, rebounds will also be very slow; if the market fluctuates quickly, then the corresponding corrections will be rapid!

7. If you enter the market at the wrong point, be sure to cut losses in a timely manner (do not hesitate to hold onto losing positions); cutting losses is indirectly making a profit; preserving capital is the fundamental principle of market survival.

8. When trading short-term, always look at the 15-minute K-line chart; using the KDJ indicator can help capture suitable entry positions better.

9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset; a person's mindset is crucial. The cryptocurrency world can easily make you feel the highs and lows, so adjust yourself well.