After five years of trading cryptocurrencies, I made 60 million. Every penny is backed by blood and tears!
Some people ask me, 'Can you really make money trading cryptocurrencies?' After five years, I've given the answer: Yes! But the prerequisite is that you must understand the rules. Today, I will share some practical advice worth 60 million, hoping it can help you.
1. For strong coins, if they fall for nine consecutive days from a high position, be sure to follow up in a timely manner.
2. For any coin, if it rises for two consecutive days, be sure to reduce your position in a timely manner.
3. For any coin, if it rises more than 7%, there is still a chance for it to go higher the next day, you can continue to observe.
4. For strong bull coins, be sure to wait until the pullback is over before entering the market.
5. For any coin, if it has been stable for three consecutive days, observe for another three days; if there is no change, consider switching coins.
6. For any coin, if it fails to recover the previous day's cost the next day, you should exit in a timely manner.
7. Where there are three on the rise list, there must be five; where there are five, there must be seven. For coins that have risen for two consecutive days, buy on dips, as the fifth day is usually a good selling point.
Four steps to create a 'timeless' contract system
Step 1: Select three major targets
Only trade high liquidity coins like BTC, ETH, SOL!
Beware of small coins: 99% of altcoin contracts are 'pinning slaughterhouses'
Step 2: Mechanical opening (with parameters)
Single position: Total capital 5%-10% (with a principal of 10,000 U, each order ranges from 500-1000 U)
Leverage: ≤5 times (high leverage = suicide accelerator)
Supplement rules: Supplement once for every 8% drop, at most 2 times (e.g.: if BTC falls 8% after going long, the supplement amount = the first 50%)
Step 3: Dual-path profit taking (cash out directly / change to spot)
Aggressive type: Close 50% when profit reaches 20%, the remaining amount set a trailing stop loss
Conservative type: Close all when profit reaches 15%, withdraw 50% + exchange 50% for spot coins
Practical demonstration: Use 1000 U to go long on BTC and earn 200 U, withdraw 100 U for hot pot, convert 100 U to spot BTC to resist inflation.
Step 4: Loss emergency plan
Touching stop loss: If the loss reaches 8% of the principal, cut the loss immediately (e.g.: 1000 U loss of 80 U, decisively close the position)
Faith holding: If you are bullish in the long term, after closing the position, use the same amount to buy spot (contract loss of 1000 U → transfer to buy 1000 U spot BTC)
If you also want to share in the cryptocurrency market, you might as well follow Gong Zhonghao (trend prediction) to fight together for 2025.
