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Can ordinary people make their first 1 million in the crypto world? Yes, but the prerequisite is to survive.
Over the years, I have seen too many people get rich quickly through contract and spot trading, and even more lose everything. The key is never luck, but whether you understand the rules.
**Small funds should not be greedy**
For capital between 1 to 100,000, catching the market once a day is enough. Frequent trading only accelerates losses, which is the simplest truth. Many people refuse to believe it.
**Think about selling when good news is announced**
When major good news comes out, it often means the stage high is not far away. If the price opens high and doesn’t sell, you basically become the bagholder. Impulsiveness at this time is usually the most costly.
**Hide before important news and holidays**
Reduce or close positions, wait until the direction is clear before entering. It’s hard to profit when the market direction is uncertain.
**Medium to long-term must be light on positions**
Enter in batches, leave yourself room to retreat. Those who go all-in at once will be out after one mistake. The market never lacks opportunities to turn around; what’s missing is those who can survive until the next opportunity.
**Short-term trading emphasizes speed**
Enter decisively, exit even faster. If there’s any abnormality in the market, leave immediately. Hesitation can cost you dearly.
**Follow the market, don’t fight it**
Predictions are usually wrong. The market is always right. This sounds cliché, but 99% of people never truly do it.
**Stop-loss is the lifeline**
Admit mistakes and don’t hold on stubbornly. Stop-loss is like insurance; it may seem wasteful, but it’s actually the most cost-effective. Holding on stubbornly can wipe out all previous gains with one loss.
**15-minute K-line is enough**
Add the KDJ indicator; simple tools are often the most stable. The more indicators, the more confusing the mind.
**Mindset is half the battle**
Don’t get carried away by gains or panic by drops. Those who can endure will ultimately profit. This is not just motivational talk, it’s reality.
The crypto world never lacks opportunities; what’s missing is people who can truly keep their money.