How to make your first bucket of gold in the cryptocurrency world, remember!!
Key Point 1: Stop Loss and Take Profit
Emphasize that trading cryptocurrencies is about transactions and speculation; one cannot just hold indefinitely. When making money, do not be greedy, and when losing money, do not hesitate to sell. If the trend is wrong, sell decisively.
Key Point 2: Abandon the Pursuit of Extreme Highs and Lows
Point out that accurately grasping market highs and lows is difficult; ordinary people should choose to trade in the bottom and top areas.
Key Point 3: Assess with Volume and Price Coordination
Be cautious of situations where prices rise without volume or new highs are made without volume; this may signal that the main force is offloading or that the rise is weakening. Do not blindly chase after price increases; it's better to miss an opportunity than to make a mistake.
Key Point 4: Quick Response
When information emerges, quickly identify beneficial sectors and companies. If you cannot keep up with the first tier, timely participate in the second tier to reap rewards.
Key Point 5: Learn to Rest
The main uptrend in coin prices is short-lived; grasp the main uptrend, and during other times, take a break and maintain a good rhythm.
Key Point 6: Seize Opportunities in a Sharp Decline
View sharp declines as the greatest benefit to the market; they often contain greater opportunities. Overcome human weaknesses; be greedy when others are fearful, and timely choose quality positions to build your portfolio.
Overall, while these six points may seem simple, overcoming human weaknesses makes it difficult to actually implement them, which is crucial to whether one can earn five million.