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Post-00s pro in the crypto world earns tens of millions annually with valuable insights! 90% of retail investors hurry to bookmark.
Not long ago, I met up for coffee with a friend from the crypto world, and I was completely impressed by her! This post-00s girl from Hunan is now working hard in the Greater Bay Area. Not only is she visually appealing and has a great worldview, but her trading skills are also exceptional — in just 5 years, she went from being a novice to becoming a pro with an 8-figure income. During our chat, she casually said, "Making money in the crypto world isn't that complicated; just solidify the basics and you're good to go." I immediately took out my notebook and filled two pages with her practical experiences. Today, Xiaoyue has organized this valuable insights to share with everyone. Whether you're a newbie just entering the world or a seasoned "old leek" who has stumbled through countless pits, it's worth keeping and studying repeatedly!
1. Crypto world Entry Alarm: If you don't understand these basic concepts, don't enter the market.
Many people dive headfirst into the crypto world, fixated solely on the words "making money," while completely ignoring the most basic market rules. In the end, they either see their profits quietly eaten away by transaction fees or suffer severe losses due to a lack of understanding of risk management. Xiaoyue has compiled 5 core points that must be thoroughly understood before entering the market:
• 24/7 trading: Advantages also come with pitfalls: the crypto world never has a market closing time, allowing you to utilize fragmented time after work and on weekends for order placement. However, this also means that price fluctuations can occur at any time, requiring you to spend time monitoring the market and interpreting sudden news. Newbies should not naively think of "easy earnings";
• The trading model is flexible but requires solid strength: it can both engage in spot trading to buy low and sell high, and play contracts with leverage to amplify profits. However, leverage is a double-edged sword; without sufficient market judgment ability and risk tolerance, it is easy to be mercilessly "liquidated" by the market.
• Don't ignore the transaction fees: Different trading platforms have different fee standards, especially for leveraged trading, where the fees can be significantly higher than for spot trading. If you trade frequently, the profits you've worked hard to earn may be entirely consumed by the fees;
• T+0 mode should not be used recklessly: Although buying and selling at any time is supported, "flexibility" does not mean unlimited trading. Many beginners frequently open and close positions, causing their mindset to become increasingly chaotic, falling into the deadlock of "the more frequently they operate, the more they lose."
• No limit on price fluctuations = high risk warning: here your assets may double in a day, or you could lose your principal in just a few hours. When encountering major positive or negative news, prices can skyrocket or plummet. Newcomers are advised to observe and learn first, and not to rush in blindly.
2. Avoid the 4 key actions of "retail investor's fate", tested effective by pros.
In addition to understanding the basic concepts, there are 4 things you must do before officially trading. This is also a habit that my friend has maintained since her novice period, helping her avoid countless traps:
1. Rationally view the news: When significant news is released, market fluctuations are often at their peak. Newbies should not blindly follow trends by chasing up or selling down; instead, observe market reactions and capital flows before making decisions.
2. Solidly learn the technical aspects: Master the basic indicators such as MA moving averages, KDJ, Bollinger Bands, and candlestick patterns. It is recommended to develop a systematic learning plan, gradually accumulating experience from theory to simulated trading.
3. Prepare a trading plan in advance: Absolutely avoid placing orders based on feelings! Before each trade, clearly define the buy price, position size, stop loss, and take profit points in advance, and strictly execute according to the plan to avoid being swayed by emotions.
4. Prioritize risk control: Stop-loss and take-profit are the "lifeline" of trading; make sure to set them properly. At the same time, never operate with a full position; keep the risk within a range you can accept and leave enough of a safety cushion.
In the future, Xiaoyue will continue to organize this post-00s pro's advanced trading skills, such as how to accurately judge market turning points, position allocation strategies under different market conditions, etc. Do you need me to organize today's basic cognitive points into a printable mind map for your convenient review at any time?