I have been trading cryptocurrency for more than 6 years. I lost a lot and was in debt for 8 million in the first 2 years. After self-adjustment, I have achieved financial freedom in the last 3 years to now, with stable compound interest, a monthly income of 7 figures, and an annual income of 8 figures!
If you are currently losing money trading cryptocurrency, take a few minutes to read this article, and you will find the answer!
Let's take a look at my tearful introspection after losing 8 million in debt: I realized one truth, there is only one type of person who can get rich by trading cryptocurrency!
One day in the cryptocurrency circle is like one year in the stock market. People who play cryptocurrency will no longer be interested in stocks. Cryptocurrency's all-day trading and unlimited price fluctuations satisfy many people's dreams of getting rich overnight, which is one of the reasons why virtual currencies are so popular, and it is also why losing money in the cryptocurrency circle is a very normal phenomenon.
It is better to teach a man to fish than to give him a fish. Cryptocurrency investors, whether novice or expert, not only gain financial benefits at Sunny's, but also grow in investment knowledge and experience.
Let you become both a winner and an expert in investing!
The essence of trading is: stop loss when wrong, hold on when right, small losses and big gains, make big profits and losses. Specifically, to each core link:
1. Go with the trend: Find a moving average to simply divide the bulls and bears. Only go long above it and only go short below it.
2. Trial position: Go with the trend, go with the big trend and against the small trend. When entering the market, consider a potential enough large profit and loss ratio, meaning that if you enter at this position and are wrong, the stop loss is small, but if you are right, the profit is large, generally at the bottom of the trend or the early stage of the trend.
3. Stop loss for trial position: If the key point is broken, you must stop loss, and there is no room for fluke. If the price comes back, you can find another opportunity to enter the market. Don't have a fluke mentality, thinking that you can resist and maybe resist back, let alone spread the losses.
4. Add trend position: Add positions with floating profits. Adding positions is the core of making big money. After the price rises as expected, it pulls back. Add positions at the pullback support level or at the high before the breakthrough—go with the big trend and against the small trend.
5. Trend position with stop loss: For newly added trend positions, move the stop loss to the new key point. The base position is already safe, leaving only the stop loss risk of the added position. If it fails, stop the added position and wait for the next opportunity. If it continues to rise, hold the position firmly, continue to wait for a pullback to add positions, and continue to move the stop loss. Until the last move is stopped or a head signal appears for profit.
6. Take profit: Never take profit easily at any time. This is the key to making big money. You can exit in batches or in one go. It is best to do it in one go, because you can ask yourself to wait for the head signal with the highest probability. If it is right-side trading, the floating profit will definitely pull back. You must accept it in your heart. Don't think about selling at the highest point, or thinking that you didn't sell at the highest point and you have to wait for the highest point to sell. As long as you can master these principles and follow them in practice, and maintain discipline consistency, you will find that making money is a natural thing.
Three perspectives, ninety-nine essence! Trading secrets that大佬 won't tell you
One day in the cryptocurrency circle is like one year in the human world. This sentence is not an exaggeration. Many people want to get on this accelerating car, but risks and benefits coexist.
Sunny often receives messages in the background, what should I do if this coin falls today? Should I sell that coin tomorrow? What I feel is a kind of panic and confusion when facing the elusive cryptocurrency circle.
Today, Sunny shares some dry goods with everyone, from three perspectives: news, technology, and mentality, which are very suitable for novices who have no clue in the cryptocurrency circle.
I. News Section
1. To win, you must find ways to collect first-hand information. Analyzing major consulting media in the industry is especially important.
2. Most media are business agents for large investors and also investment advisors for retail investors.
3. Understanding the characteristics of different industries is the only way to have a chance to profit.
4. Buying what is contrary to expert opinions is sometimes a unique way to speculate!
5. Before investing, you must work hard to prepare various things. You must dabble in financial common sense and domestic and foreign financial and political dynamics. Detailed analysis of the team and landing applications is key.
6. Buy or sell when the news comes out, and sell or buy when the news is confirmed.
7. You must do your own research and judge the market yourself, and don't change your determination based on unconfirmed rumors.
8. If there are problems with the team, the products will definitely have problems. It is best to be cautious.
9. Any direct investment is a professional investment, and professional investment requires professional knowledge as a foundation.
10. Eight or nine out of ten people who claim to be accurate in predictions are losers.
11. Inaccurate news will definitely lead to losses. The most futile behavior is trying to guess the psychology of large investors and speculators.
12. When buying, you need to understand whether the relationship between the profit potential of the coin issuer and the current market is reasonable.
13. This circle is small, but it doesn't mean there are no circles. It is very helpful to know a few big names.
14. Don't change your original intention to buy or sell due to sudden news.
15. All good news is bad news, and all bad news is good news.
16. Institutional operations have passwords, for example, placing orders with "232323" may be about to ship. Each institution is different, and it is necessary to study it.
17. Don't join small closed circles. If you do, just bring your ears and brains.
18. If the white paper has no specific content and R&D technical team, the probability of an air coin is over 80%.
19. Whether the project is open source. Generally, open source projects will be uploaded to github. If not, then everyone needs to be careful.
II. Technical Section
20. Following the right coin is half the battle.
21. The routines of large investors are often more unexpected, defrauding retail investors who are not deeply involved in the industry to facilitate their own purchases and sales. You must accurately analyze trading volume patterns.
22. The timing of buying is the most important part of virtual currency investment.
23. A pullback of more than one-third is a warning sign.
24. The three-step song of rising: consolidation - breakthrough - soaring!
25. If the index is updated for three consecutive days, but the trading volume decreases in turn, the future market may not be good.
26. Long-term leading gains will inevitably be followed by a significant drop, with a drop of more than 50%, and the probability of buying the dip and rising 30% is relatively high.
27. It is common for small and medium-sized investors to be trapped by large investors, so diversification is key.
28. The rise and fall of the index are not random. The rules are much simpler than lottery tickets. Proper screenshot analysis is key!
29. Anything that rises first will inevitably fall before the general trend.
30. Avoid too much switching when buying and selling. When hesitant, don't act rashly, and respond to all changes with constancy.
31. A surge in trading volume without a price movement is a signal of approaching the top. At this time, "running away is the best option".
32. The longer it hovers at a low level, the greater the upward range will be. The probability of an upward surge of 30% reaches over 70%.
33. To judge growth or decline, look at the gap between it and the trends of the times. Policies are the biggest risk, so it is necessary to be aware of them.
34. Trading volume is the pulse, which can indicate whether you are sick.
35. Choosing when to buy is more important than choosing which one to buy. Selling well is a hundred times better than buying well.
36. Don't put all your financial resources into one thing.
37. Avoid intervening in speculation because you think the price is low and there is a lot of room to grow. You must know that once it reverses, it will be difficult to sell, and the decline will be in multiples.
38. Buying something with slightly weaker profit potential and a lower price may be more cost-effective than buying something with slightly better profitability.
39. Without considerable experience, never engage in buying and selling short, as it is common to get bruised and battered.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations have a trajectory to follow. If you master this trajectory, you will be invincible.
42. If the increase is gradually decreasing, and the trading volume is also declining, it is a clear sign of approaching the top.
43. Experience shows that the market experienced by technical factors is generally shorter, about one-third of the basic factors market.
44. Preventing being trapped at high prices is the most important lesson for beginner retail investors, so it is key to practice at low prices.
45. If it should go up but doesn't, it should be considered bearish; if it should go down but doesn't, it should be considered bullish.
46. Basic analysis can tell you which coins have intrinsic beauty, while technical analysis tells you the best time to dig them up.
47. Funds in the market always flow in the most favorable direction.
48. Lower prices have greater fluctuations than higher prices.
49. Buy when you can buy, sell when you should sell, stop when you must stop, safety first, stability first, recklessness leads to loss, greed leads to poverty.
50. The short-term changes in the market have no connection with long-term performance.
51. You must understand the "Sunday Theory". Many coins rise today.
52. You still have to buy robots, after all, they react faster than the human brain.
53. The price and wave fluctuations of the same coin vary on different exchanges, so choosing a good exchange is very necessary.
54. New coins are often the best choice for short-term trades.
55. It is best to allocate a combination of international big coins and altcoins.
56. Large coins have more stable dips, while altcoins have greater volatility and more opportunities.
57. Try not to operate during the rapid stretching process.
58. It's best not to go all in, it's best to hold half a position or leave 1/3 of the chips to cover the dips.
59. Be sure to understand the operating conditions of the team or foundation, and if necessary, explain it to the person you think is the dumbest and listen to their opinions.
60. Don't buy too many popular ones, because popular ones often rise quickly and fall quickly.
61. Don't put all your eggs in one basket, you should try to diversify.
62. Trading volume can show changes. When trading volume starts to increase, you should pay attention and either sell or go all in.
63. What you hold will eventually have to be sold. Not selling is being a stupid retail investor.
64. The highest or lowest price during market changes often becomes the top or bottom price. Crossing this hurdle will either result in a rocket or a waterfall.
65. Making trends is filling wallets.
66. It is best to choose those with good prospects but not yet popular to make money easily.
67. Experts generally develop a plan, write each step very clearly, and the rest is to strictly implement according to the requirements.
68. The basic routine of institutions: building positions, testing the market, pulling up, washing out, and shipping.
69. A sudden surge in volume usually has two possibilities: one is that the dealer is defending the market, and the other is that institutions are going long. At this time, you should go with the trend.
70. After each step up, there is usually a wash out. If you get off the bus at this time, you may not be able to catch the next bus.
71. It is not impossible to get rich from 10 yuan in the cryptocurrency circle, and luck is also key.
72. A major pullback is an opportunity to buy a little.
73. Don't overestimate the IQ of the big shots, many operations are just showing off the lower limit.
74. Before making small money, proceed gradually and don't play with large funds.
75. It is risky to chase high to buy coins. Beginners should just pretend this coin does not exist.
76. Newbies should avoid chasing highs. It is better to miss the opportunity than to rush into it.
77. Be cautious when participating in projects with small market caps that are only traded on one exchange.
78. If you join for free at the beginning, and then you need to charge various types of fees later, it is basically judged as pyramid selling. It is recommended not to join.
79. It is recommended not to participate in projects that have already increased many times during the fundraising period before listing.
80. Arbitrage is a relatively low-risk and easy way to make money.
III. Mental Section
81. Small profits often delay big opportunities. Don't be confused by small changes in the big direction.
82. The most trustworthy thing at any time is yourself. It is key to walk your own path.
83. When hesitant, you should stop acting, which indicates that the market is not yet clear.
84. Being one step ahead may guarantee victory.
85. There is no such thing as only rising and not falling, and no such thing as only falling and not rising. Opportunities always exist, and the mental price is key. Regret is useless.
86. Exercise to have a strong body so that the heart can withstand the impact of big ups and downs.
87. The secret of buying and getting trapped, and selling and rising, lies in the manipulator's operations, because manipulators are constantly studying the psychology and behavior of retail investors every day.
88. Trading cryptocurrency is trading numbers. Don't establish a relationship with money, otherwise, you will definitely lose.
89. Market changes are very fast, and it is normal for bulls to change within 10 minutes. You must have a balanced mentality.
90. Can't stand being scared, can't get big gains. Courage, courage, more courage.
91. Patiently wait for the coins that are building positions at the large level to become true blue-chip stocks. This is the real mentality.
92. The mentality of being eager to make money is a major taboo for cryptocurrency participants.
93. Remember that the power of compound interest is the greatest.
94. The definition of retail investors is people who chase highs and sell lows, listen to rumors, and have a volatile mentality.
95. Listen less to order calls and think more.
96. Don't estimate the market with your own financial resources, and don't let the amount of profit or loss affect your determination. In this industry, all you hold is yarn.
97. You may be very successful in business, but there is no necessary connection with the cryptocurrency circle.
98. Experience can cultivate inspiration, but inspiration cannot completely rely on experience.
99. There is no free lunch. You must set a range of losses that you can bear.
With the arrival of 2025, the cryptocurrency market is still a "playground" full of unknowns and opportunities. As a novice, how can you find your own treasure in this turbulent sea?
If you go up when you look at the rise and fall when you look at the fall, you can't see the trend and don't know the entry position, you might as well come to me to learn together. No matter what the market style is, if you can know in advance, you will have time to master it better!!!