Ten years of trading coins, starting with thirty thousand, and now over twenty million. I've relied on a 50% position to steadily make profits, with monthly returns soaring to 70%. I shared this unique secret with my apprentice, and he doubled his investment in just three months. Today I'm in a good mood, so I'm sharing these precious nuggets with you, make sure to keep them safe! 🙋
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'll only lose 2% of your total capital, and if you make 5 mistakes, you'll lose 10% of your total capital. If you are correct, set a take profit of over 10%. Do you think you'll still get trapped?
2. How to further increase your win rate? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap for buyers, and in an uptrend, every drop creates a golden opportunity! Which do you think is easier to make money from, bottom fishing or buying low?
3. Do not invest in coins that have rapidly surged in the short term, whether they are mainstream or altcoins. Very few coins can make several waves of primary upward trends. The logic is that it is quite difficult for a coin that has surged in the short term to continue rising. When prices stagnate at high levels, they cannot be pushed up later, and will naturally decline. This is a simple principle, but many people still want to take a gamble.
4. Use MACD to determine entry and exit points. If the DIF line and DEA cross above the 0-axis, it is a stable entry signal. When MACD forms a death cross above the 0-axis and moves downwards, it can be viewed 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 huge losses! Many people keep averaging down as they lose more, which is the most taboo in trading coins, putting themselves in a dead end. Remember, never average down when you are losing; instead, add to your position when you are in profit.
6. Volume and price indicators are the first to consider; trading volume is the spirit of the coin market. Pay attention to volume breakout at low price consolidations, and decisively exit when there is volume stagnation at high prices.
7. Only trade in coins that are in an upward trend; this maximizes your chances and saves time. When the 3-day moving average turns up, it indicates a short-term rise; when the 30-day moving average turns up, it indicates a medium-term rise; when the 84-day moving average turns up, it indicates a primary upward trend; and when the 120-day moving average turns up, it indicates a long-term rise! #btc perpetual contract
8. Stick to reviewing each session, check if your coin holdings have changed, technically analyze whether the weekly K-line trend matches your judgment, and whether the direction has changed its trend. Adjust in a timely manner. #In the coin market, ups and downs are meant to be secured.