If you want to make a small fortune in the cryptocurrency circle and quickly earn 1 million yuan, you must have logical thinking
Step 1:
Don't think about making money, as long as you can fully implement your trading system, trading plan, and trading principles, no matter what style.
As long as you can do it, you are already the first and have defeated most people in the market.
Step 2:
There are multiple reasons for losing money in the cryptocurrency circle. The bull market frequently switches between long and short positions, plays with high multiples, buys options randomly, and lives towards death. You must withdraw money when you make money, because you don't know when the original 519 will come back.
Step 3:
Get rid of high leverage, get rid of frequent transactions, learn to withdraw part of the money you make, and never charge it back if you run away. Cherish the big bull market that God has given you. Most people don't make money by their own ability, but just happen to get rich passively in this Kondratieff cycle.
Step 4:
The first principle of bottom-fishing when the bull turns back to eat grass is to buy more when the price drops sharply and buy less when the price drops slightly. However, you must control your position. No matter how deep the retracement is, you cannot let a single position be too heavy and leave yourself some room for error.
Step 5:
"Speculate on new assets, not old ones". New assets are the biggest outlet in the bull market. As long as you hit the outlet, it will be a natural process to gain wealth. So as long as the direction is right, even if you invest less money and sell it earlier, it will be very profitable.
Step 6:
"Leading" effect, get used to buying the "leading" project of the track, and develop the habit of buying the leading project. Many people buy the so-called "second and third dragons" because they missed the "leading" project. There is also the risk of stepping into the pit. Generally, the real "leading" project has a very high ceiling, so what you think you missed may be only halfway up the mountain.
