This is what a cryptocurrency trader should read!

Mastering these points will make you thrive in the crypto world!

1. If your initial capital is not very large, for example, within 100,000, catching a major price fluctuation once a day is already enough. Do not be greedy or hold positions all the time!

2. If there is significant positive news and you do not sell on that day, remember to sell at the open the next day; the realization of good news often turns into bad news.

3. The news and holidays are also very important. When encountering significant events, adjustments (reducing positions or even going to cash) should be made in advance. Historically, significant events will bring major price fluctuations. If you can't grasp the direction in advance, then wait for the market to come and follow the trend!

4. The medium to long-term strategy must be to trade with a light position, leaving enough room for operation. A steady approach is the best strategy; do not trade with heavy positions.

5. Short-term trading emphasizes following the trend, entering and exiting quickly. Avoid greed and hesitation. When the market fluctuates dramatically, look for suitable entry points. If the market is stagnant and not active, wait patiently in cash.

6. When market fluctuations are slow, rebounds will also be slow. When market fluctuations are fast, corresponding corrections will be swift!

7. If you enter the wrong position, cut losses in a timely manner (do not hesitate to hold the position). Cutting losses is a way of profit, preserving capital is the fundamental basis for survival in the market.

8. When trading short-term, you must look at the 15-minute K-line chart. The KDJ indicator can help you better capture suitable entry points.

9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is crucial; the crypto world can easily let you feel the ups and downs, so adjust yourself well. A good mindset already surpasses most people in the crypto world.