Experience sharing for making millions from cryptocurrency trading!
1. If your initial capital is not very large, for example, within 100,000, capturing a significant market fluctuation once a day is already sufficient. Do not be greedy and always hold positions!
2. When encountering major positive news, if you do not sell on the same day, remember to sell at the high opening the next day. Positive news often turns into negative news when realized.
3. News and holidays are also very important. When facing significant events, adjustments should be made in advance (reducing positions or even going to cash). Historically, significant events will lead to major fluctuations in the market; if you cannot grasp the direction in advance, wait for the market to arrive and follow the trend!
4. Mid to long-term strategies should definitely involve light positions, leaving enough room for operations. 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 greed and hesitation. During large market fluctuations, look for the right entry points. If the market is sluggish and inactive, then stay in cash and wait patiently.
6. When market fluctuations are slow, rebounds will also be slow; when market fluctuations are fast, the corresponding corrections will also be rapid!
7. If you enter the wrong position or direction, then cut your losses in a timely manner (do not hesitate to hold on). Stopping losses is a form of profit; preserving capital is the foundation for survival in the market.
8. For short-term trading, you must look at the 15-minute K-line chart. Using the KDJ indicator can better capture suitable entry points.
9. There are countless techniques and methods for cryptocurrency trading, but the most important thing is still the mindset. A person's mindset is crucial; the cryptocurrency market can easily make you feel the highs and lows, so adjust yourself well.