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Newbies in cryptocurrency trading become veterans; just master these ten golden rules!

I am 32 years old this year, started trading cryptocurrencies at 22, and by 2024-2025, my assets will reach eight figures. I have hardly experienced any disputes in business, and I have fewer worries. I have the patience to summarize my insights. The biggest point in trading cryptocurrencies is having a good mindset; technical skills are secondary.

1. If you don't have much money, you need to be frugal. In a year, just seizing one big opportunity for a rise is enough. Don’t always operate with a full position; keep some cash on hand just in case.

2. Your understanding determines how much money you can earn. If you don’t understand, you won’t make any profits. Practicing with simulated trading is okay, but trading with real money can be quite stressful psychologically.

3. If you receive good news and haven’t sold on the same day, you need to pull out quickly if the price opens high the next day. Once good news is released, everyone thinks about selling, and the price will naturally drop.

4. As holidays approach, reduce your positions a week in advance or simply refrain from selling. The market is less active during holidays, and prices can fluctuate greatly.

5. For medium to long-term trading, you need to have money on hand. If the price rises, sell a little; if it falls, buy a little. This way, you can both lower costs and adjust your strategy at any time.

6. For short-term trading, look for actively traded cryptocurrencies. If you buy cryptocurrencies that no one is trading, you can easily get stuck.

7. Remember this rule: those that fall slowly usually rise back slowly; those that drop sharply usually rebound quickly.

8. Stop-loss is very important. If you make a wrong buy, acknowledge it and stop the loss quickly. Don’t think about waiting for the price to return; preserving your capital is the key.

9. For short-term trading, frequently check the 15-minute candlestick chart, and combine it with KDJ indicators to find buy and sell points. Especially when KDJ indicates overbought or oversold conditions, the signals are particularly accurate. Also, look at indicators like MACD and RSI.

10. Don’t learn too many technical skills; mastering a few is enough.
If you currently feel helpless and confused in trading, and want to know more about cryptocurrency markets and the latest information, follow me, so you won't get lost in this bull market! I have navigated the market for many years and understand the opportunities and traps within. If your investments are not going well and you feel dissatisfied with your losses, you can contact me at the discussion zone and leave 123.
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