How to play the crypto space to make money?



My current trading status is generally like this:
First, I observe the overall trend. When I sense there might be an opportunity for a 30% or more fluctuation in the market, I wait patiently. As long as there's a potential turning point, I enter first.

If the market moves as expected, I hold on and look for the right opportunity to add to my position (just a side note: if finding the turning point involves some luck, then adding to the position is purely technical—when to add and how much. You need to be very careful, and if you're not sure, don't do it. Because adding incorrectly can easily affect your mindset).

If the market doesn't move as expected, I cut losses with a hedge or take profit and exit, waiting for the next opportunity. The downside of this approach is that sometimes I end up closing positions that could have made 5 or even 10 points at cost price, and sometimes I spend a whole month riding the roller coaster and taking losses.

But as long as I catch one move correctly, I will make a lot of profit. With a small capital, I believe the best approach is also to use money you can afford to lose, wait patiently for opportunities with the best risk-reward ratio, at least 1:10 or more. With so many high-leverage exchanges out there, just open 40x or 50x, and let the stop loss take care of the liquidation.

If you're wrong, wait for the next one. If you're right, add to the position for profit. As long as you catch one move, even the minimum will yield at least 10 to 20 times returns. Chasing short-term scalping will only make your perspective smaller and narrower, letting you see only a few points of movement.

If you still don't know what to do, follow Brother Jia. As long as you take the initiative, I'll always be here!!!
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MidnightReconciler
· 14h ago
It's one thing to follow Jia Ge, but this SK Hynix tag is a bit forced.
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AirdropMileCounter
· 14h ago
Risk-reward ratio 1:10 sounds great, but can your principal survive seven or eight consecutive stop losses?
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SudoSatoshi
· 16h ago
This idea is pretty wild — going all in with 40x leverage and waiting for a move. What do you do if you lose your mind?
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K-LineSocialAnxiety
· 16h ago
Adding positions is indeed a technical skill. I made a mistake once and it wasted half a year of work.
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