Summarize the following experiences!
1. If your initial capital is not very large, such as within 100,000, being able to seize a major market fluctuation once a day is already sufficient. Do not be greedy and always hold positions!
2. When encountering significant positive news, if you do not sell on the same day, remember to sell at the opening high the next day; realizing gains often leads to losses.
3. News and holidays are also very important. When facing major events, adjustments (reducing positions or even going to cash) should be made in advance. Historically, significant events will lead to major fluctuations. If you cannot grasp the direction in advance, wait for the market to come and follow the trend!
4. The strategy for medium to long-term should be to trade lightly, leaving enough operational space. Steady operation is the best strategy; do not operate heavily!
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid being greedy and hesitant. During major fluctuations, find suitable entry points. If the market is not active, then stay in cash and wait patiently.
6. When market fluctuations are slow, rebounds are also slow. If the market fluctuates quickly, then corresponding pullbacks will also be rapid!
7. If you enter the wrong position or direction, then cut losses in a timely manner (do not hesitate to hold onto losing positions). Cutting losses is a form of profit; preserving capital is fundamental for survival in the market.
8. Always look at the 15-minute K-line chart for short-term trading. Based on the KDJ indicator, you can better capture suitable entry points.
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 market can easily make you feel the ups and downs. So adjust your mindset and avoid being greedy.
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