I have made a total of about 30 million yuan from cryptocurrency trading, with a principal of less than 100,000 yuan. I haven't worked for seven years and have been a full-time cryptocurrency trader. I have experienced many ups and downs in the middle, but I really made money by catching two bull markets!

1. The risk of each transaction must not exceed 10% of the trading principal, that is, 10% of the trading principal. It is recommended for novices to be between 2% and 5%!

2. After entering the market, you must never blindly close your position due to lack of patience. The fluctuation of the market takes time. Before the market proves that your operation is wrong, you must have enough confidence and patience.

3. It must be executed according to the plan and must not be over-traded.

4. After the transaction is correct and profitable, you must use the method of adjusting the stop profit and stop loss as a guarantee, and boldly win more lucrative profits until the trend changes.

5. After entering the market, you cannot cancel the stop loss point at will. After you enter the market, the entire trading process is a risk control process. Therefore, you must set up protection after entering the market, and it is strictly forbidden to run naked.

6. Avoid adding costs after a successful transaction, that is, avoid adding positions.

7. Do not switch from long positions to short positions at will, this is a highly skilled operation.

8. When buying and selling are easy, do not add positions at will, the probability of making mistakes is very high at this time, because you are careless.