After 8 years of trading cryptocurrencies, I've earned over 40 million, and now I rely on it to support my family. This process has taught me six valuable lessons, though brief, they're precise! I'm sharing them with everyone now; learning them will help you avoid many detours!
1. When trading cryptocurrencies, focus on the strong ones. If uncertain, look at the 60-day moving average; if it's above, buy or add, if below, withdraw—this trick works most of the time.
2. If something suddenly rises over 50%, don't rush to chase it; it can easily cause panic. It's more stable to buy at a low point, with less risk, and potential for greater profits.
3. There are always signals before a big rise, like minor price fluctuations of 10% to 20%, but with low trading volume. At this time, slowly buy at a low level, and you’ll likely catch the trend.
4. When a new market hotspot emerges, it will definitely be hot in the first few days. Seize this opportunity and follow the big funds to easily make money.
5. When a bear market arrives, keep your hands off; at least don't trade for six months. If the market is bad, operate less; knowing when to rest is what makes a master.
6. Every week, take a moment to reflect—not to check if you're making money, but to see if your strategy is correct. If it is, stick with it; if not, adjust it. After a few months, your trading path will become stable.
Remember, success doesn’t just fall from the sky; it comes to those who are prepared.