I have been trading cryptocurrencies for four years, and I have made 1000w with 6w of capital. This is a real experience. In the ocean of opportunities and challenges in the crypto circle, some people ride the wind and waves, while others fail. I was fortunate to achieve a hundredfold profit of 1000w with an initial capital of 6w at the end of last year after four years of hard work. Today, I would like to share this valuable experience and experience with you without reservation, hoping to help those who are also struggling in this market
1. Three steps to successful trading
Insight into trends: In the digital currency market, trends are the key to determining victory or defeat. By looking at large cycle charts such as 4-hour, daily, and weekly charts, we can clearly capture the market's rising, sideways or falling trends. Remember, go long when it rises, go short when it falls, and wait and see when it goes sideways. This is the first step to a steady transaction. Find key positions: The market is like a jumping ball, and every jump has a starting point and a landing point. Our goal is to enter the market at the starting point and leave the market at the landing point, and accurately finding these key positions is the key to achieving profits. These key positions are often the main support and pressure points of the market.
Capture entry signals: After determining the trend and key positions in the large cycle, we need to look for trading signals in the small cycle to accurately grasp the entry time. Everyone is good at different trading strategies, but no matter which strategy, it needs to be quickly formulated and strictly implemented.
2. Complete trading strategy
A successful trader must have a complete trading strategy. This includes:
Target: Clearly define the object of the transaction.
Position: Reasonably allocate funds to avoid heavy positions.
Direction: Accurately judge the long and short trends of the market.
Entry point: Find entry signals near key positions.
Stop loss: Set a reasonable stop loss point and stop loss in time to control risks.
Stop loss: After reaching the profit target, decisively close the position and lock in profits. Countermeasures: Plans for dealing with market emergencies.
Backhand: Subsequent operation plans after the transaction ends.
3. Experience and discipline of currency trading
Don't chase high: Always stay calm and don't blindly chase ups and downs. Buying point is king: only the coins on the buying point are good coins, patiently wait for the emergence of large-scale buying points.
Mentality determines everything: Overcoming greed and fear and maintaining a stable mentality are the keys to successful trading.