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In the crypto market, turning an initial capital of 10,000 into a million-dollar level is essentially a game of probability and rhythm. The pitfalls experienced over the years and the repeatedly validated strategies are only a few that can truly be applied in practice.
When your funds are not yet substantial, frequent trading is a trap. Especially in the stage of 10,000 to 100,000, being able to seize a decent opportunity once a day is already good. Most of the time, it's better to learn to hold cash and wait patiently, which is more effective than anything else.
When good news is announced, your first reaction should not be excitement but increased vigilance. Many market tops in history have been slowly formed amid a series of good news piling up. If the market opens higher the next day, reducing your position is smarter than chasing the high.
For important events and before holidays, you must reduce your holdings in advance. When there is no clear direction, don’t fight the market; let it give the answer first, then follow the trend.
Medium-term holdings should be kept light. A lighter position keeps your mind stable, providing room for adjustments during pullbacks, and prevents being shaken out by a wave of shakeouts.
Short-term trading depends on execution ability. Enter and exit decisively, admit mistakes quickly, and avoid procrastination and greed, which are the two deadliest enemies of short-term trading.
The market has its own rhythm. Be patient when it slows down, and keep up when it speeds up. The biggest danger is fighting against the market.
If your directional judgment is wrong, cut your losses decisively. Stop-loss is not about giving up; it’s about preserving a chance for yourself.
The key to short-term trading is to focus on small cycles. Using 15-minute charts combined with technical indicators to gauge rhythm is much more reliable than blindly guessing the direction.
Finally, and most difficult, is mental resilience. The crypto market is never short of opportunities; what is truly scarce are those who can stay clear-headed amid intense volatility.
Making money is indeed not easy, but if you follow the right path, at least you won’t stray further and further from your goal.