How to turn 10,000 oil into 1,000,000 oil in the cryptocurrency contract market

All based on experience, summarized into 9 points ↓

1. If your initial capital is not very large, such as within 100,000, being able to catch a significant volatility in the market once a day is already sufficient. Do not be greedy and always hold positions!

2. When encountering major positive news, if you don’t sell on the same day, remember to sell at the high opening the next day; the realization of good news often leads to bad news.

3. News and holidays are also very important. When encountering major events, adjustments should be made in advance (reduce positions or even go to cash). Historically, significant events will bring about major volatility in the market. If you can't grasp the direction in advance, then wait for the market to come and follow the trend!

4. The mid-to-long-term strategy must be to operate with light positions, leaving enough room for operation. Stable operation is the best strategy; do not operate with heavy positions.

5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid greed and hesitation. In a highly volatile market, look for suitable points to enter; if the market is sluggish and inactive, then go to cash and wait patiently.

6. When the market fluctuates slowly, rebounds will also be very slow. When the market fluctuates quickly, the corresponding adjustments will be rapid as well!

7. If you enter the wrong position or direction, then cut losses in a timely manner (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is fundamental to surviving in the market.

8. For short-term trading, you must look at the 15-minute candlestick chart. The KDJ indicator can help you better capture suitable entry positions.

9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is crucial; the cryptocurrency market can easily make you feel the ups and downs, so adjust yourself well.