What did those who achieved financial freedom through the cryptocurrency world do right?
1. Adjust your mindset. Treat trading cryptocurrencies as a game; wins and losses don't matter. Only then can you trade cryptocurrencies easily in the market.
2. Use spare money for trading. The funds used for trading should be spare money that won't affect your life if lost. Only by using spare money can you take risks without pressure.
3. Make the most of your time to learn. To trade cryptocurrencies well, quickly understand practical technical indicators and strategies, engage in real trading, and summarize your experiences.
4. Be cautious in your first trade. As retail investors have limited funds, effectiveness is crucial. Especially for your first trade, prepare meticulously to ensure a successful debut. Before trading, make good use of simulation systems for practice, and only enter the market after gaining some experience. Otherwise, jumping into the market might lead to losses or being trapped, which can significantly impact your confidence.
5. Protect your principal; using earned money for trading will make you feel more at ease and allow for more flexible operations.
6. Develop your own method. To transform from a retail investor to a skilled trader, avoid chasing highs and over-investing; always remember that as long as you don't chase highs, you can become a skilled trader. Be adept at learning and summarize a set of trading techniques that suit you through practical operation; this is fundamental to becoming a skilled trader.
7. Only trade strong leading coins and concentrate your funds. When trading cryptocurrencies, focus on leading coins. Dispersing funds not only increases trading costs but may also cause you to lose track of each coin's market characteristics.