Xiao Zhou used to be a typical 'moonlight' person, spending all his salary each month as soon as it arrived, and sometimes even falling into credit card debt. It wasn't until three years ago that he got involved in swing trading in the cryptocurrency circle, slowly learned about financial management, and not only got rid of his 'moonlight' identity but also accumulated a six-figure savings, achieving the first step toward financial freedom.
Xiao Zhou said that when he first started engaging in swing trading, he was completely clueless and often incurred losses due to operational mistakes. Later, he spent a lot of time learning, studying market trends, and summarizing trading experiences, gradually finding the key. He emphasized: "Swing trading is not about taking shortcuts; it requires solid professional knowledge and keen market insight."
This shares two core techniques of swing trading summarized by Xiao Zhou, which I personally recognize as very practical methods. First, learn to judge support and resistance levels. A support level is where the asset price, when it falls to a certain point, is supported by buying pressure and will not continue to drop; a resistance level is where the asset price, when it rises to a certain point, is pressured by selling pressure and will not continue to rise. Xiao Zhou determines the support and resistance levels by looking at the historical price trends of the asset, combined with data such as trading volume, buying at the support level and selling at the resistance level to earn the difference in between. Second, strictly control position size and set take profit and stop loss. Every time Xiao Zhou conducts swing trading, he controls the position size well, not investing all funds at once, and also sets take profit and stop loss lines. Once the take profit line is reached, he decisively sells to lock in profits; once the stop loss line is reached, he promptly cuts losses to prevent further losses.
Once, Xiao Zhou judged that the support level of a certain asset was around $1000, and the resistance level was around $1200. So he bought in at $1050, and when the asset price rose to $1180, he decisively sold, earning a difference of $130. Although the single transaction profit was not much, the accumulated profit from multiple such operations was quite considerable. He said: 'The biggest taboo in swing trading is greed; one must take profit when it's good and not think about selling at the highest point or buying at the lowest point.'
Now, Xiao Zhou has completely freed himself from the shadow of living paycheck to paycheck. He often says: 'Financial management is a skill that everyone should master. Swing trading in the cryptocurrency circle has risks, but as long as you master the correct methods, you can achieve stable profits.' If you also want to break free from the identity of living paycheck to paycheck and learn swing trading techniques, follow me, and I will share more practical insights with you to help you achieve wealth accumulation!@男神说币 #巨鲸动向 $BTC
