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Sharing experiences of losses, it may be hard to understand without going through a round.
1. If you don't have much capital, such as 100,000 to 1,000,000, then don't be greedy. It's enough to seize a major market trend once a day. Don't think about holding positions all the time and making continuous profits; that's impossible!
2. When encountering major positive news, if you haven't sold on that day, you should quickly sell at the high opening the next day. Often, when good news is announced, it is the time to reach the peak, so don't regret it after it falls.
3. News and holidays are the key to making money. When significant events are approaching, reduce positions in advance or go flat, and wait for the market to clarify before following the trend, ensuring profit without loss!
4. When trading mid to long term, take a light position to leave yourself some room. Don't go all in from the start, as that can easily lead to losses. Smart operations and gradual accumulation is the way to go.
5. Short-term trading emphasizes quick entry and exit; don’t linger. Seize the opportunity and enter decisively, but if the market moves against you, exit immediately. Don’t let greed trap you.
6. The market can sometimes be as slow as a snail and at other times as fast as lightning. You have to follow its rhythm and not think too much on your own.
7. If the directional position is incorrect, you must stop the loss in time. Don't stubbornly hold on; stopping loss is to protect your wallet. Don't wait until the losses are large to regret.
8. For short trading, keep a close eye on the 15-minute K-line chart. The KDJ indicator can help you find the right entry point, so don’t miss the opportunity.
9. The last point, and the most important one, is mindset. The cryptocurrency market is highly volatile, and you need to have a strong heart.
Don't let the temporary ups and downs affect your mood; staying calm is key to long-term success. In short, making money in the crypto world is not easy, but by mastering these insights, you too can become a winner in life!