If you’ve been trading coins for over a year and still haven’t made 1 million, read this article and then come find Duor. I’ve been trading coins for eight years, and my cumulative profit is over 50 million. Today, I’ll share the ten lessons I summarized from the pitfalls I stepped on along the way, the positions that got blown up, the drawdowns I recovered from—until I finally achieved financial freedom:
1. If your principal isn’t big (e.g., within 100,000), don’t always think about going all-in. If you can catch the main uptrend only once within a year, that’s enough. Before the market arrives, patience is your strongest weapon.
2. People can never make money beyond their level of understanding. Before placing real trades, practice your mindset and nerve using a paper/simulated account. A simulated account allows you to fail unlimited times, but in real trading, one major mistake can get you eliminated.
3. Remember: when good news is implemented, it becomes bad news. If a major good news event doesn’t see you exit on the day it lands, and the next day opens higher, it’s recommended to sell promptly—otherwise you’re very likely to get stuck in a trap.
4. Be extra cautious during holidays. History has proven again and again that reducing positions ahead of holidays—or even going flat—is the sensible move. “Prices must drop during holidays” isn’t something people say casually.
5. The key to medium- and long-term trading is preserving enough cash, selling high and buying low, and making rolling adjustments. Don’t always dream of eating everything in one wave—that’s the game of the whales, not something retail traders can count on.
6. For short-term trades, only choose coins with active trading volume and big chart fluctuations. Don’t touch inactive ones. It wastes time and wears down your mindset.
7. If the market is slowly grinding lower, rebounds can be especially frustrating and drawn-out; but if the selloff accelerates, rebounds often come much faster. Timing the rhythm is crucial.
8. If you buy it wrong, admit it and cut the loss immediately. As long as your principal is still there, opportunities are always there—this is the foundation of survival.
9. If you’re monitoring the market for short-term trades, definitely watch the 15-minute candlestick chart and use the KDJ indicator as well—it can help you find quite a few golden buy/sell points.
10. There are thousands of trading techniques—you don’t need to master them all. Being proficient in one or two methods is enough. The key is to drill them to perfection!
These ten pieces of practical advice above are lessons I paid for with real money. Taking fewer detours is itself a way of making money. If you’re still wandering in confusion, why not come find Duor? Duor will help you break out of your predicament!
Follow Duor—no bragging, no empty promises, just sharing real-world experience you can use to survive in this space. There are spots in the team—whether you join or not is up to you?
1. If your principal isn’t big (e.g., within 100,000), don’t always think about going all-in. If you can catch the main uptrend only once within a year, that’s enough. Before the market arrives, patience is your strongest weapon.
2. People can never make money beyond their level of understanding. Before placing real trades, practice your mindset and nerve using a paper/simulated account. A simulated account allows you to fail unlimited times, but in real trading, one major mistake can get you eliminated.
3. Remember: when good news is implemented, it becomes bad news. If a major good news event doesn’t see you exit on the day it lands, and the next day opens higher, it’s recommended to sell promptly—otherwise you’re very likely to get stuck in a trap.
4. Be extra cautious during holidays. History has proven again and again that reducing positions ahead of holidays—or even going flat—is the sensible move. “Prices must drop during holidays” isn’t something people say casually.
5. The key to medium- and long-term trading is preserving enough cash, selling high and buying low, and making rolling adjustments. Don’t always dream of eating everything in one wave—that’s the game of the whales, not something retail traders can count on.
6. For short-term trades, only choose coins with active trading volume and big chart fluctuations. Don’t touch inactive ones. It wastes time and wears down your mindset.
7. If the market is slowly grinding lower, rebounds can be especially frustrating and drawn-out; but if the selloff accelerates, rebounds often come much faster. Timing the rhythm is crucial.
8. If you buy it wrong, admit it and cut the loss immediately. As long as your principal is still there, opportunities are always there—this is the foundation of survival.
9. If you’re monitoring the market for short-term trades, definitely watch the 15-minute candlestick chart and use the KDJ indicator as well—it can help you find quite a few golden buy/sell points.
10. There are thousands of trading techniques—you don’t need to master them all. Being proficient in one or two methods is enough. The key is to drill them to perfection!
These ten pieces of practical advice above are lessons I paid for with real money. Taking fewer detours is itself a way of making money. If you’re still wandering in confusion, why not come find Duor? Duor will help you break out of your predicament!
Follow Duor—no bragging, no empty promises, just sharing real-world experience you can use to survive in this space. There are spots in the team—whether you join or not is up to you?
