After nine years of trading cryptocurrencies, I have accumulated a fortune of 35 million, and the secrets lie in the following points, mastering them can benefit you for a lifetime!

1. Mastering news analysis: The ability to interpret market information is crucial. Major market news often comes with significant fluctuations in cryptocurrency prices, whether rising or falling, traders need to make accurate judgments. For beginners, it is wiser to maintain a wait-and-see attitude and act cautiously during important news releases.

2. Deep understanding of technical knowledge: Mastering technical indicators requires time and systematic learning. Develop a detailed study plan to gradually grasp key elements such as moving averages, KDJ, Bollinger Bands, candlestick patterns, volume-price relationships, and capital flows. These tools will become your effective assistants in analyzing the market and formulating strategies.

3. Formulating and executing a trading plan: Avoid frequent trading, as this not only reduces high transaction fees but also helps maintain a stable trading mindset and avoid impulsive decisions. Before each trade, clarify your trading objectives, stop-loss points, and take-profit points to ensure that your trading actions are rational and justified.

4. Strict risk control: Risk management is key to successful cryptocurrency trading. Set reasonable stop-loss and take-profit points to ensure that when price fluctuations exceed expectations, you can automatically close positions to lock in profits or limit losses. At the same time, reasonably control your position size to avoid high risks associated with heavy trading. Remember, those who can flexibly control their positions are often the masters in the investment world.

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