#BTC重返10万
Once, a seasoned veteran in the cryptocurrency world said: If retail investors can master the following six points,
turning a principal of 100,000 into 5 million is not a fantasy.
So what are these six points?
First point, understand how to set stop-losses and take-profits.
We trade cryptocurrencies to make a profit, not to treat them as family heirlooms.
When in profit, do not be overly greedy; when in loss, do not stubbornly hold on,
Once the position trend looks unfavorable, one must act decisively.
Second point, stop always thinking about bottom fishing and peak escaping.
There are no absolute lows or highs in the market, which we ordinary people find difficult to navigate.
We just need to trade within the bottom and top ranges, securing steady profits.
Third point, volume and price must work together.
Be especially cautious of positions that rise without volume or reach new highs without volume,
as they may be false signals of the main force unloading,
Do not blindly chase in; it’s better to miss out than to make a mistake.
Fourth point, responses must be quick.
Once there’s an anomaly, promptly identify favorable sectors and companies.
If you can’t catch the first tier, don’t miss the second tier; you can still gain considerable returns.
Fifth point, understand when to take a break.
As the saying goes, “It takes three months to see the bottom, just three days to see the top.”
When the cryptocurrency price rises, the main upward wave is often very short, so seize the opportunity.
During the rest of the time, one should rest well and recharge.
Sixth point, a sharp decline can bring great opportunities.
Often, there are bigger chances hidden after a sharp drop. Be cautious when others are greedy,
and be brave when others are fearful.
During a market crash, do not be afraid; choose good positions and boldly build your positions.
These six points seem simple, but very few can actually accomplish them.
Why? Because overcoming the weaknesses of human nature is truly not easy.
If one cannot overcome this hurdle, then the dream of five million is also hard to achieve.
If it’s too difficult to go against human nature, understand and remember these points, so at least newcomers to the cryptocurrency world won’t lose money.
Follow along, I am Bai Yi
