What's the secret to making big money in cryptocurrency trading?
Actually, the secret is to 'focus on the big and ignore the small.' Don’t just keep an eye on small opportunities; pay attention to the trends and look for those trades that can bring in significant returns. Trading cryptocurrencies is not like farming; it’s not about making trades every day to earn money every day. Many people think they need to be active to make money, but the key to making money is actually in not trading, but in waiting. Once you’ve opened a position and it’s profitable, be patient and hold on. Trading can feel good, but waiting is the hard part.
Most of the time, the market is in a state of fluctuation; it looks pleasant, but you can't really make substantial money.
Making money based on trends is difficult because trends don’t last long, but this is the only way for ordinary people to get rich quickly.
If you’re constantly thinking about short-term trading, then you are basically out of touch with making big money.
Experts practice the skill of not trading. If you don't understand something, don’t trade it; even if you do understand it, that doesn’t mean you should trade it. Why? Because the stop-loss space is small, and the profit space is also small; once it breaks, the pressure is enormous.
Therefore, you need to be selective; there are actually very few trades that are truly viable.
The number of trades made by experts is decreasing, while the number of impulsive traders is increasing. Why? Because experts are not in a hurry to make money; they use unlimited time to wait for bigger opportunities.
When trading cryptocurrencies, remember these few points:
Capture a major trend. When a trend is on, use low leverage to increase your position; this is most suitable for ordinary people. When opening a position, have a stop-loss; don’t stubbornly hold on. Watching for long-term volatility to hit new lows, breaking resistance and support levels on weekly and monthly charts, and major drops in a bull market, these are all opportunities. Most of the time, the market is quite boring, so you need to be patient. Once you’ve made money, quickly withdraw it to buy a house, don’t spend it recklessly.
A few more reminders:
When analyzing trends, look at long-term, weekly, and daily charts; don’t be misled by short-term charts. Use low leverage, don’t be too aggressive. Wait, wait for opportunities. Self-discipline is very important; in trading, you often have to act contrary to human nature.
If you always miss the mark and are confused about how to operate, and want to learn and keep up, you need to meet one condition: you must have strong initiative, act decisively, like and comment, and I will help you make big money!
