If you want to achieve big gains in the cryptocurrency world and quickly earn 1 million, essential logical thinking
Step 1: Never think about making money. As long as you can completely execute your trading system, trading plan, and trading principles, regardless of the style, you are already number one, defeating the vast majority of people in the market.
Step 2: Losing money in the cryptocurrency world is due to multiple reasons. Bull markets frequently switch between long and short, playing with high leverage, buying options recklessly, and living life on the edge. If you make money, be sure to withdraw it because you never know when the initial 519 will come back.
Step 3: Eliminate high leverage, eliminate frequent trading, and learn to take away a portion of your profits. Once you've made money, never reinvest it all back. Cherish the bull market that heaven has given you. Most people do not earn money based on their own abilities; they simply become wealthy passively during this Kondratiev cycle.
Step 4: The first principle of buying the dip during a bull reversal is to buy big on large drops and small on small drops. However, you must control your position well. No matter how deep this pullback goes, you cannot let a single position become too heavy, providing yourself with no room for error.
Step 5: "Invest in the new, not the old." New assets are the biggest opportunities in a bull market. As long as you hit the right opportunity and gain wealth, everything will come naturally. Therefore, as long as the direction is correct, even if your investment is small and you sell early, it can still be very profitable.
Step 6: The "leader" effect. Get into the habit of buying the "leader" projects in that sector, thus developing a habit of buying the leaders. Many people turn to buy so-called "second or third-tier" projects after missing the "leader," which carries risks. Generally, true "leader" projects have a very high ceiling, so what you think you missed may only be halfway up the mountain.