I have been trading cryptocurrencies for nine years, earning three small goals. If I want to change my fate, I must try the crypto world. If you can't make money in this circle, ordinary people will never have a chance in their lifetime. Recently, I had the fortune to share tea with a big shot in the crypto world and discuss the trends of the crypto market. His words deeply shocked me. It turns out that he once went bankrupt due to contract trading within three days, with losses as high as 50 million yuan. This experience was undoubtedly a profound lesson for him.
Looking back at my own journey in the crypto world, it has also been full of ups and downs. From initially entering the market with 8,000 yuan to making tens of millions during the bull market; then from being a millionaire to becoming a debtor of 8 million due to contract liquidation; and later, with a comeback of 200,000, I increased my assets to 20 million; from over 2000 to my current three small goals; and now, I am waiting for the next bull market, aiming to reach ten small goals.
My trading method is not complicated but extremely practical. In just one year, I managed to grow my assets to eight figures. My secret is to only focus on one pattern, decisively entering the market when the opportunity arises, and firmly avoiding trades without a clear pattern. Over the past five years, I have maintained a winning rate of over 90%, thanks to my patience and accurate judgment. However, the path in the crypto world is not smooth. For newcomers entering the crypto world and dabbling in contracts, I have the following suggestions: 1. During the day, when you are restless and unable to see the situation clearly, it's best to trade at night. This way, you can avoid emotional interference and analyze the market more clearly.
2. After making a profit, do not chase trades; you need to know when to take profits. Greed is the enemy of trading cryptocurrencies, and once you fall into it, it is easy to turn profits into nothing.
3. Trading should be based on market environment analysis, and you should not act on feelings. Only rational analysis can lead to correct decisions.
4. When you have time to monitor the market, do not easily set stop-loss and take-profit levels to avoid triggering stop-loss prices due to slight fluctuations, leading to forced liquidation. However, when you do not have time to watch the market, you must set them to prevent significant losses from sudden price spikes.
5. The goal of trading cryptocurrencies is to cash out; after making profits, periodically withdraw or cash out some funds. This way, you can ensure profits are secured and avoid losses due to greed.
6. When trading short-term, you can focus on the hourly K-line, deciding whether to go long or short based on the second-step rise and fall trend. In case of sideways movement, you can combine the 4-hour and daily K-lines.