If your capital is within 500,000, there is a simplest method of trading coins that will keep you 'always earning'!
Don't worry about whether you can learn. If I can seize this opportunity, so can you. I'm not a god; I'm just an ordinary person. The only difference between others and me is that they overlook this one method. If you can learn this method and prioritize it in your trading process, it can help you earn an extra 3 to 10 percentage points daily.
1. Invest in batches: Suppose you have 10,000 yuan, divide it into five parts and use only 2,000 yuan for each trade.
2. Test investment: First, use 2,000 yuan to buy a coin to test the waters.
3. Increase your position after a drop: If the coin price drops by 10%, add 2000 yuan to your position.
4. Take profit when it rises: If the coin price rises by 10%, sell part of it in time to lock in profits.
5. Repeat cycles: Continuously buy and sell until the funds run out or the coins are sold out.
Strategic advantage: The benefit of this strategy is that even if the coin price drops, you can respond calmly. By buying in batches, you avoid the risk of a one-time investment. Even if the price drops by half, you only gradually increase your position. Each time you sell, you can lock in a 10% profit. For example, if you have 100,000 yuan, investing 20,000 yuan each time will yield 2,000 yuan each time.
Main techniques include:
1. Technical analysis: Use charts and indicators to identify trends.
2. Fundamental analysis: Pay attention to news and macroeconomic factors.
3. Risk management: Set stop-loss orders and diversify investments.
4. Trading strategy: Determine entry and exit points and use different strategies.
5. Psychological factors: Maintain discipline and patience.
6. Practice and learning: Simulated trading and continuous learning.
7. Choose a reliable trading platform.
Short-term trading is very risky. Before trading, make sure to conduct thorough research and risk assessment.
In addition to having solid skills, I also strictly adhere to the following fifteen rules:
1. A sharp drop is a touchstone for quality coins. If the market drops sharply and your coin only drops slightly, it clearly indicates that the market makers are protecting it from falling. Therefore, this kind of coin can be held with confidence; there will be gains.
2. If a novice doesn't know how to buy and sell, the simplest and most direct method is to hold on the 5-day line for short-term trades. Sell if it breaks the 5-day line; for mid-term trades, hold on the 20-day line, and exit if it breaks the 20-day line. There are many methods; the best one is the one that suits you. The difficulty in trading isn't the lack of methods; it's the execution. Sticking to one method mindlessly, over 90% of people have no problem with it. The principle is simple.
3. Once the main upward wave forms without significant volume, intervene decisively. Hold if the volume is increasing and the downtrend has not broken; if the volume decreases and breaks the trend, reduce your position quickly.
4. After a short-term buy, if there is no fluctuation for three days, sell if possible. If it falls after buying, stop loss unconditionally at a 5% loss.
5. If a coin has dropped 50% from a high and has fallen for eight consecutive days, it has entered an oversold channel. An oversold rebound can happen at any moment; you can follow up.
7. When trading coins, focus on the leaders; only trade the leaders, not the minor coins. Because when the market rises, the leading coins rise the most, and when it falls, they are the most resilient. Don’t hesitate to get in; trading often goes against human nature. Don’t buy just because it has dropped a lot, and don’t avoid buying just because it has risen a lot. The ones you hesitate to buy often go up, while the ones you are eager to buy often go down. The strong remain strong. The most important thing in trading the leaders short-term is to buy at high positions and sell at even higher positions!
8. Embrace trends; go with the flow. The price at which you buy isn't necessarily the lower the better, but rather the more appropriate the better. You won't gain an advantage just because the buying price is lower. Since a drop doesn't signal a bottom, abandon junk coins. The trend is king.
9. Don't let the adrenaline from profits cloud your judgment. The hardest thing in the world is how to sustain profits. You must seriously review whether it's luck or skill. Walking steadily in your suitable trading system is the true way to sustain profits.
10. Don't trade just for the sake of trading. What does that mean? It means that if you don't have enough confidence that this trade will be profitable, don't force yourself to open a position. Staying out of the market is a skill. Those who can buy are apprentices, those who can sell are masters, and those who can stay out are the grandmasters. In trading, the first consideration isn't profit but capital preservation. It's not about frequency but success rate!
11. In the speculative market, being adaptable is the most erroneous approach. Use your fixed trading system, maintaining consistency amidst change. It doesn't matter if you have ten thousand methods; what matters is that you stick to one method ten thousand times. Inaction is the best defense. Often, the times when you are most reluctant are when you make the most mistakes. Take this saying seriously!
12. I believe that those who can persist in trading for more than four years do so because of 'passion'. Passion is possible, and wanting to do a good job requires it. But never become overly obsessed, to the point of sinking into it without escape. Family is our greatest responsibility.
13. External factors are uncontrollable; seek within yourself. Never blame your failures on others; this is extremely important. No matter how far you fall, you must take full responsibility for your decisions. Only by taking responsibility can you confront your mistakes and avoid repeating them. A true trader is a warrior who dares to face mistakes!
14. Listen less to outside rumors. There is no right or wrong in opinions; often what you see is what they want you to see or what you want to hear. When you lose interest in the methods of the media or any experts, congratulations, you are not far from entering and succeeding, because you may have gained a bit of your own insight, your belief!
15. You may think you are trading the market, but in fact, you are trading yourself. The external flashy success we see is merely the result and performance, while the success behind it involves immense perseverance and endurance. Greatness comes with suffering. Time is the most valuable asset; endurance is more important than intelligence. Natural talent is not important; mindset is crucial!
If you have just entered the market, come to me, follow me; I will teach you to learn while you operate.
If you're already in a less-than-ideal situation, come to me and I will help you. I won't let you make the same mistake repeatedly. If your position is trapped, I will provide a reasonable solution based on your entry point.
Because everyone has different entry points when trapped, the methods to untangle them will also vary. Some methods suit conservative traders, while others suit aggressive traders.
I will definitely use the most suitable method to genuinely solve your problems and assist you in exiting.