In the world of cryptocurrency, which is full of opportunities and challenges, some people spend a lot of money but come back empty-handed, while others make a small bet and become a legend. Today, we are going to explore an amazing story: how did someone go from 3K capital to 5 million? 1. You need to know how to stop loss and take profit. When the trend of your position goes bad, you need to sell it decisively.
2. Don’t always think about buying at low points and selling at high points. It is best to open a position on the right side.
3. Volume and price must be perfectly coordinated. We must be vigilant about those positions that have risen without volume or hit new highs without volume. It is very likely a signal that the main force cannot ship goods and the rise is exhausted. It is better to miss it than to make a mistake.
4. React quickly. When the currency on the list appears, we should immediately find out which sectors and companies are favorable to it. If you can't keep up with the first echelon, then we should promptly join the second echelon, which will also bring us considerable gains.
5. Learn to take a break. As the saying goes, it takes three months to reach the bottom and three days to reach the top. In other words, the main rising wave of the known currency price rising cycle only lasts for a short time. So we must learn to seize this main wave.
6. The biggest benefit of the market is a crash, because after a crash there are often many greater opportunities. When others are greedy, you should learn to be afraid, and when others are afraid, we should be greedy.
