In the cryptocurrency market for ten years, I have summarized these fifteen "iron rules" for trading coins. Please take your time to read, and you will surely gain something.
1. When the market crashes, if your coin only slightly declines, it is likely due to the market makers protecting the price, so you can hold on with peace of mind, and there is hope for profit later.
2. New traders find it difficult to buy and sell; for short-term trading, hold stocks above the 5-day moving average and sell if it breaks below; for medium-term, hold above the 20-day moving average and exit if it breaks below. The difficulty in trading lies in execution; sticking to one method, over 90% of people can be surpassed—this is the essence of simplicity.
3. Once the main upward trend forms and there is no significant volume increase, decisively enter; hold stocks during volume increases and volume decreases (as long as the trend is not broken); if there is a volume decrease and the trend breaks, quickly reduce your position.
4. For short-term buying, exit if there is no volatility for three days; if the price drops after buying, cut losses at 5% without conditions.
5. If a coin drops 50% from its high and has fallen for 8 consecutive days, it enters an oversold channel, and an oversold rebound can happen anytime, so you can follow in.
6. When trading coins, focus on the leaders; they rise the most during an uptrend and are the most resilient during a downturn. Do not be afraid of missing out, and do not randomly "bottom fish" or hesitate to chase highs; the strong remain strong. When trading leaders, be bold to enter at high positions and exit at even higher ones.
7. Going with the trend is key; a lower buying price is not always better; it should align with the trend. Do not be greedy for cheap prices and buy worthless coins; closely following the trend is the only way to reach the shores of wealth.
8. Making profits is not difficult, but sustaining them is. Do not let small gains cloud your judgment; review your trades seriously, distinguish between luck and skill, and create a stable trading system that suits you—it is the way to success.
#本轮牛市周期预期
1. When the market crashes, if your coin only slightly declines, it is likely due to the market makers protecting the price, so you can hold on with peace of mind, and there is hope for profit later.
2. New traders find it difficult to buy and sell; for short-term trading, hold stocks above the 5-day moving average and sell if it breaks below; for medium-term, hold above the 20-day moving average and exit if it breaks below. The difficulty in trading lies in execution; sticking to one method, over 90% of people can be surpassed—this is the essence of simplicity.
3. Once the main upward trend forms and there is no significant volume increase, decisively enter; hold stocks during volume increases and volume decreases (as long as the trend is not broken); if there is a volume decrease and the trend breaks, quickly reduce your position.
4. For short-term buying, exit if there is no volatility for three days; if the price drops after buying, cut losses at 5% without conditions.
5. If a coin drops 50% from its high and has fallen for 8 consecutive days, it enters an oversold channel, and an oversold rebound can happen anytime, so you can follow in.
6. When trading coins, focus on the leaders; they rise the most during an uptrend and are the most resilient during a downturn. Do not be afraid of missing out, and do not randomly "bottom fish" or hesitate to chase highs; the strong remain strong. When trading leaders, be bold to enter at high positions and exit at even higher ones.
7. Going with the trend is key; a lower buying price is not always better; it should align with the trend. Do not be greedy for cheap prices and buy worthless coins; closely following the trend is the only way to reach the shores of wealth.
8. Making profits is not difficult, but sustaining them is. Do not let small gains cloud your judgment; review your trades seriously, distinguish between luck and skill, and create a stable trading system that suits you—it is the way to success.
#本轮牛市周期预期