After 7 years of trading cryptocurrencies, starting from 30,000 to now over 60 million, I have relied on a 50% position to steadily build my wealth, with monthly returns reaching 70%. I shared this unique secret with my apprentice, and he doubled his investment in three months. Feeling good today, I'm revealing all my hidden treasures. Remember to take good care of it!
1. Divide your funds into 5 parts, and only invest one-fifth each time! Control a 10% stop-loss; if you make a mistake once, you only lose 2% of the total funds, and only 10% of the total funds after 5 mistakes. If you're right, set a take-profit of over 10%. Do you think you will still be stuck?
2. How to further increase your winning rate? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap for more buyers, while in an uptrend, every drop creates a golden opportunity! Would you say it's easier to make money by buying the dip or by catching the bottom?
3. Avoid trading coins that have rapidly surged in the short term, whether mainstream or altcoins; very few coins can sustain multiple waves of upward momentum. The logic is that it is quite difficult for a coin to continue rising after a short-term surge. When it stagnates at a high position and cannot rise later, it will naturally fall. This is a simple principle, but many still want to take a gamble.
4. You can use MACD to determine entry and exit points. If the DIF and DEA lines form a golden cross below the zero axis, and then break above the zero axis, it is a stable entry signal. When MACD forms a dead cross above the zero axis and starts to decline, it can be seen as a signal to reduce positions.
5. I don't know who invented the term "averaging down," but it has caused many retail investors to stumble and suffer significant losses! Many people keep averaging down as they lose more, which is the most taboo in trading cryptocurrencies, putting themselves in a dire situation. Remember to never average down when you're at a loss, but rather add to your position when you're in profit.
6. Volume and price indicators are crucial; transaction volume is the lifeblood of the crypto market. Pay attention when there is a volume breakout at a low level during consolidation, and decisively exit when there is a volume stagnation at a high level.
7. Only trade coins that are in an upward trend, as this maximizes your chances and saves time. A turning point in the 3-day moving average indicates a short-term rise, a turning point in the 30-day moving average indicates a medium-term rise, a turning point in the 84-day moving average indicates a main upward wave, and a turning point in the 120-day moving average indicates a long-term rise!
8. Insist on reviewing each session, checking if there are changes in your holdings, technically examining whether the weekly K-line trends align with your judgment, and whether the direction has changed trends. Timely review and adjust your trading strategy!
The market is always there; find the big trends and use systematic thinking to guide you through the investment fog.
1. Divide your funds into 5 parts, and only invest one-fifth each time! Control a 10% stop-loss; if you make a mistake once, you only lose 2% of the total funds, and only 10% of the total funds after 5 mistakes. If you're right, set a take-profit of over 10%. Do you think you will still be stuck?
2. How to further increase your winning rate? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap for more buyers, while in an uptrend, every drop creates a golden opportunity! Would you say it's easier to make money by buying the dip or by catching the bottom?
3. Avoid trading coins that have rapidly surged in the short term, whether mainstream or altcoins; very few coins can sustain multiple waves of upward momentum. The logic is that it is quite difficult for a coin to continue rising after a short-term surge. When it stagnates at a high position and cannot rise later, it will naturally fall. This is a simple principle, but many still want to take a gamble.
4. You can use MACD to determine entry and exit points. If the DIF and DEA lines form a golden cross below the zero axis, and then break above the zero axis, it is a stable entry signal. When MACD forms a dead cross above the zero axis and starts to decline, it can be seen as a signal to reduce positions.
5. I don't know who invented the term "averaging down," but it has caused many retail investors to stumble and suffer significant losses! Many people keep averaging down as they lose more, which is the most taboo in trading cryptocurrencies, putting themselves in a dire situation. Remember to never average down when you're at a loss, but rather add to your position when you're in profit.
6. Volume and price indicators are crucial; transaction volume is the lifeblood of the crypto market. Pay attention when there is a volume breakout at a low level during consolidation, and decisively exit when there is a volume stagnation at a high level.
7. Only trade coins that are in an upward trend, as this maximizes your chances and saves time. A turning point in the 3-day moving average indicates a short-term rise, a turning point in the 30-day moving average indicates a medium-term rise, a turning point in the 84-day moving average indicates a main upward wave, and a turning point in the 120-day moving average indicates a long-term rise!
8. Insist on reviewing each session, checking if there are changes in your holdings, technically examining whether the weekly K-line trends align with your judgment, and whether the direction has changed trends. Timely review and adjust your trading strategy!
The market is always there; find the big trends and use systematic thinking to guide you through the investment fog.