Six years of cumulative trading profits in the crypto market exceeding 36 million, after experiencing pitfalls and liquidations, I have distilled 10 painful lessons to share with traders who have been in the market for less than a year and have not yet earned 500,000:
1. Don't fully allocate your capital if it's small; wait patiently for the main upward wave with around 50,000 capital; 2. Your understanding determines your profit ceiling; 3. Good news becomes bad news once it materializes; sell decisively the day after a major news event when the market opens high but doesn't rise; 4. Reduce or close positions during holidays; 5. The core of medium- to long-term trading is cash reserves, with rolling operations of high sell and low buy; 6. Only trade coins with active trading volume for short-term; 7. Bearish declines are frustrating, but rebounds accelerate sharply; 8. Cut losses immediately if you buy wrong, preserving your principal is the priority; 9. For short-term trading, monitor the 30-minute chart + KDJ to find buy and sell points; 10. Focus on mastering 1-2 technical analysis methods rather than many.
These lessons are earned through real money and blood. Avoiding detours is the way to make money. I only do real trading and share practical experience. There are still spots available in the trading team, the choice is yours.
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Six years of cumulative trading profits in the crypto market exceeding 36 million, after experiencing pitfalls and liquidations, I have distilled 10 painful lessons to share with traders who have been in the market for less than a year and have not yet earned 500,000:
1. Don't fully allocate your capital if it's small; wait patiently for the main upward wave with around 50,000 capital; 2. Your understanding determines your profit ceiling; 3. Good news becomes bad news once it materializes; sell decisively the day after a major news event when the market opens high but doesn't rise; 4. Reduce or close positions during holidays; 5. The core of medium- to long-term trading is cash reserves, with rolling operations of high sell and low buy; 6. Only trade coins with active trading volume for short-term; 7. Bearish declines are frustrating, but rebounds accelerate sharply; 8. Cut losses immediately if you buy wrong, preserving your principal is the priority; 9. For short-term trading, monitor the 30-minute chart + KDJ to find buy and sell points; 10. Focus on mastering 1-2 technical analysis methods rather than many.
These lessons are earned through real money and blood. Avoiding detours is the way to make money. I only do real trading and share practical experience. There are still spots available in the trading team, the choice is yours.