In one year, starting from scattered capital of 10,000, achieving a brilliant result of 1 million in the cryptocurrency market; the secret is just one: accurately grasp the rolling warehouse strategy and deeply understand the accumulation strategy of major altcoins!
I have personally experienced and validated this strategy. In just 11 months in 2023, starting with an initial capital of 10,000, I achieved an astonishing leap in wealth, accumulating profits exceeding 900,000, with a return rate of over 90 times!
If you also harbor dreams of sharing a piece of the pie in the field of digital currency, then please take a few minutes to patiently read the following content. Perhaps this will be the last piece of the puzzle on your road to becoming a millionaire!
Stick to these ten principles for trading cryptocurrencies; you will definitely reap rewards in the end.
First, do not easily be misled into giving away low-priced chips; remain steadfast in your beliefs and prevent large players from manipulating the market.
Second, chasing rises and selling on dips, entering and exiting with a full position is always a major taboo. When the trend is favorable, gradually building positions on dips is less risky, with lower costs and higher profits.
Third, allocate profits wisely to maximize the release of funds, rather than continuously adding to positions.
Fourth, quickly rise to a position, quickly fall to protect funds; at any time, maintain a positive mindset: do not speculate, do not be impatient, do not be greedy, do not be fearful, and do not fight without preparation.
Fifth, relying on experience and speculation for low-priced coins from private placements or pre-IPO positions is risky, while the secondary market games rely on techniques and information to follow the lead. Do not confuse the two; otherwise, you will end up in chaos.
Sixth, when building positions and selling, be sure to layer and segment; gradually widen the price intervals to effectively manage risk and profit ratios.
Seventh, familiarize yourself with the interconnected effects; observe the market while also paying attention to the trends of other coins. Each coin in the trading market does not exist in isolation; what seems unrelated is actually intricately connected. There are many tools available now to check coin information and seek advice.
Eighth, the allocation of positions should be reasonable; the allocation of hot coins and value coins should be balanced, paying attention to the ratio of pressure resistance to profit intake. Being too conservative may lead to missed opportunities, while being too aggressive may expose you to high-risk situations! The main characteristic of value coins is stability, while the main characteristic of hot coins is volatility, which can lead to soaring or plummeting.
Ninth, having coins in the market, money in the account, and cash in hand is the safest and most reassuring configuration. You must not be overly optimistic; being overly confident can lead to disaster. Managing risk and the reasonable allocation of funds are key to your mindset and success or failure; having spare money for investment is fundamental.
Tenth, master basic operations, learn to apply knowledge from one situation to another, grasp the fundamental ideas of trading, observation is the premise, remember the highs and lows as reference data, learn to record and summarize materials, cultivate a reading habit, and develop the ability to select and filter information.
Remember, although we are also speculating and trading cryptocurrencies, we are definitely not gambling; amidst the chaos of information, we should refine our principles, and in the end, we will definitely reap rewards.
Summary: Trading cryptocurrencies is not easy and requires comprehensive consideration of multiple factors. Starting from choosing capacity trends, to paying attention to policies and trading volumes, and then strictly executing stop-loss and take-profit strategies, as well as diversifying investments, each point is crucial. Investors should continuously learn and practice, integrating these secrets into a suitable investment system while maintaining a good mindset, steadily advancing through the fluctuations in the cryptocurrency market, thus increasing the probability of making profits and achieving stable asset growth.
Here are several key points for retail traders in the cryptocurrency market, shared with everyone!
1. Keep a close eye on Bitcoin trends. In the cryptocurrency market, Bitcoin often leads the direction of price movements. Although Ethereum can sometimes perform independently, most altcoins are influenced by Bitcoin.
2. Pay attention to the relationship between Bitcoin and USDT. Bitcoin and USDT often move in opposite directions; when USDT rises, be cautious of Bitcoin dropping, and when Bitcoin rises, it is an opportunity to buy USDT.
3. Seize the trading opportunities in the early morning. Every day from midnight to 1 a.m., needle-like price movements often occur. Domestic traders can place low-priced buy orders for their desired coins before going to bed and set high-priced sell orders for potential surprises and easy profits.
4. Observe the morning trend fluctuations. The key time for judging buying or selling is from 6 to 8 a.m. If there is a continuous drop from midnight to 6 a.m. and it continues to drop, it is advisable to buy or add to positions; if it continues to rise, it is advisable to sell, as there is a high probability of a drop that day.
5. Pay special attention to the fluctuations in the afternoon. Particularly at 5 p.m., due to time differences, U.S. traders begin to operate, which may trigger price fluctuations; many significant rises and falls occur at this time.
6. Be cautious of 'Black Friday.' There is a saying in the cryptocurrency community about 'Black Friday.' Although there are significant drops on Fridays, there can also be rises or sideways movements; just pay attention to the news.
7. Pay attention to external influencing factors. The cryptocurrency market is subject to various influences, such as countries' attitudes towards cryptocurrencies, negative influences leading to drops; U.S. financial policies; and influential figures' views on cryptocurrencies, such as Musk's statements. Keep an eye on financial news.
8. Maintain a good mindset for trading cryptocurrencies. A trading mindset is crucial; stay calm during big drops, and don’t be arrogant during big rises; secure profits.
In the trading system:
Core three parts
One of the main topics this series will explore is technical analysis.
At this point, you might be asking, 'What exactly is technical analysis?'
Technical analysis, in a strict sense, is an art rather than a science. There is a common misconception that understanding this art is about predicting the market; technical analysis is merely about recognizing the current market state and categorizing it. This brings us to another layer of meaning: technical analysis is essentially a field of statistics.
By analyzing the changes in trends of the financial markets over the past few hundred years, we can infer the direction of future trends. Once you identify the current market state and complete the categorization, you will find common 'top' patterns and common 'bottom' patterns, so you will know what kind of common 'top' or 'bottom' pattern the current market is in.
So, how can the study of statistics help you? Its greatest value lies in summarizing patterns.
For example, if a 'three mountain top' pattern appears, this pattern in all past financial markets has shown that every time it appears, seven to eight out of ten times it is followed by a drop. Once this pattern appears, the subsequent market trend is most likely to decline; note the phrase 'most likely.' Seven to eight out of ten times is enough. Some may argue that it’s not 100%, but in finance, nothing is 100%. Seven or eight times out of ten is sufficient for you to profit through the art of technical analysis in the financial market.
At this point, you should have a general understanding of what technical analysis is for. In the long history of the financial market, which has undergone hundreds of years of testing and practical verification, do you know which five major technical analysis systems have survived to this day? How did they each originate? What are their strengths and weaknesses? Which techniques can be combined to complement each other and achieve a higher profitability rate?
All of this content will be explained in detail in my series of guide articles. After reading all the articles in this series, your understanding of the field of technical analysis will exceed that of 99.9% of newcomers and old hands.
From now on, you have taken another significant step towards establishing your own high-probability trading system. Now you receive the first set of hidden codes: in the field of technical analysis, the mainstream theories currently consist of five major analytical systems, each standing tall. Each perspective on the market is different; when each theory is studied deeply, it can accurately control and analyze market movements. One of the core insights of technical analysis is to always identify the current market state and stand on the side of higher probabilities. When you understand technical analysis, correctly applying its methods allows you to consistently position yourself on the side of greater probabilities, ensuring that over time, victory will belong to you. Understanding technical analysis is like having a golden key to unlock the treasure trove of the financial market; whenever you wish to access the treasure, you simply need to turn the key to open the door.
The behavior of truly exceptional investors should be personalized, based on their own investment philosophies. Just as the invention of the steam engine brought great changes to human production and life, the Dow Theory has opened a new chapter in human investment, thus earning its reputation as the pioneer in the five major technical analysis systems.
At this point, you may wonder, 'Who founded the Dow Theory? Who is Dow?' Charles Dow was the founder of the Dow Jones Financial News Agency and the founding editor of The Wall Street Journal. He worked in a stock exchange trading floor for several years, and his personality was characterized by sincerity, restraint, calmness, conservatism, a strong understanding, and self-discipline. He had profound financial knowledge and extremely high judgment ability. Great figures are always objective and calm; Dow rarely showed anger, which is an internal factor that established him as a foundational figure of pioneering theories.
The articles published by Dow were organized by his assistants and successors, including William Peter Hamilton, into various chapters of the Dow Theory. The Dow Theory objectively describes the unchanging changes of the financial market, which, regardless of the specific market, possesses a scientific reference value.
Have you ever noticed an interesting phenomenon? There are two cryptocurrency markets in this world. One is the real cryptocurrency market, which gradually reveals a clear image amidst chaotic misunderstandings; the other is the fictional cryptocurrency market, shaped by sensational media narratives and the interests of authority figures, characterized by inaccuracies and dramatic commentary. Those who survive in various rumors are no more real than the protagonists in any overused plot. The distorted images in various rumors are as vivid as your neighbor, but unfortunately, you have never truly seen what this neighbor looks like.
Here, I want to share with you a hidden truth that reveals the essence of the Dow Theory: 'No one can manipulate the main trend; the main fluctuations in the market follow a pattern.' We can only objectively identify and follow the market's development trajectory, rather than fantasize that the trend will conform to our imagination. Although some claim to have control over the market, it remains an illusion.
Here you receive the second set of hidden codes: in the world, things often reveal their patterns, which can unlock the door to the treasure trove. The Western Dow Theory posits that a price is formed by the transactions of buyers and sellers, and the development of the market occurs under support and resistance, leading to a cyclical conversion between bull and bear markets. Each of these markets is divided into three periods, and the movement of indices is composed of three overlapping movements, resulting in ever-changing prices throughout the market cycles.
Having navigated the market for many years, I am well aware of the opportunities and pitfalls within. If your investments are not going well and you feel dissatisfied with your losses, leave a '999' in the comments! I will share my insights.
