A post-00s woman from Shanghai who excels in cryptocurrency trading—not only is she beautiful and principled, but she also possesses impressive skills. She's a representative of the new generation. Recently, we met and discussed her glorious history. She spent five years learning and practicing in the cryptocurrency world and said making money is too easy; many people overthink it. By solidly building a strong foundation, she now earns a seven-figure monthly income and eight-figure annual income!
I have organized other valuable insights and am now sharing them with those fated to receive them. Let’s learn and master them together; they are worth saving!
Here’s a beautiful picture of her.
The reason she can earn a seven-figure monthly income and an eight-figure annual income is that her foundation is incredibly solid. Now, let's share some valuable insights.
Firstly, let me share some tips for newcomers and veterans in the cryptocurrency world.
If you're a newcomer to digital currency, don't enter blindly. First, you need to understand the basic knowledge of digital currency.
1. Trading time is unlimited, meaning there is truly a 7*24 hour trading period without any market closure. This allows investors to trade at their convenience, which is quite flexible. However, this also has a downside, as it requires professional investors to devote a lot of time to monitor price movements and interpret market news.
2. Trading rules allow for spot trading, buying high and selling low to profit from price differences, or using leveraged contracts where both long and short positions can be operated. This is quite flexible, but making money requires high technical support.
3. Trading fees are incurred in any investment transaction, which are charged by the platform. Cryptocurrency trading also incurs fees, and due to leverage, the fees can be quite high. Different platforms have different trading contract specifications.
4. The T+0 trading model allows for buying and selling at any time without rigid restrictions on trading hours.
5. Without limits on price fluctuations, Shenghui believes that although it can bring high returns, the risks are equally high and uncontrollable. When market news triggers a reaction, there can be sharp increases or decreases. Whether one can seize opportunities to profit depends on their skills.
6. The coins in your wallet can be withdrawn to your own wallet at any time, with no time limit and no fees.
Before you start formal trading, it's best to grasp the following four points:
1. Learn to observe news and interpret market information. When significant market news breaks, it's usually when cryptocurrency prices fluctuate the most, potentially rising or falling sharply. Traders need to judge the situation. For newcomers, it's advisable to wait and watch during major news events.
2. Learn to observe technical aspects and master knowledge of technical indicators. Learning technical indicators requires long-term accumulation, so set a study plan for yourself to learn about moving averages, KDJ, Bollinger Bands, candlesticks, volume-price relationships, fund flows, etc.
3. Create a trading plan. Do not trade frequently, as frequent trading not only incurs high fees but also affects trading psychology, causing loss of rational judgment.
4. Implement risk control. During trading, set stop-loss and take-profit levels to control risks, keeping both profit and risk within acceptable limits. When the price reaches the stop-loss or take-profit point, the system will automatically help us close the position, which means selling. Additionally, mastering the size of trading positions is something only experts can do.
Finally, I want to share the ten essential insights I've summarized after over ten years of trading cryptocurrencies (must-read, must-save).
1. If your capital is not very large, for example under 200,000, catching a major uptrend once a year is enough. Never go all in all the time.
2. A person can never earn wealth beyond their knowledge. First, practice on a simulated account to develop your true mindset and courage. You can fail an unlimited number of times in a simulated account, but a single failure in real trading might mean losing everything or even staying away from the market forever.
3. When encountering significant positive news, if you don't sell on the same day, remember to sell when it opens high the next day. Positive news often leads to negative outcomes.
4. During major holidays, reduce positions or even go to cash a week in advance, as historically, prices tend to drop during holidays.
5. The mid-to-long-term strategy is to keep enough cash, sell when prices rise, buy back during dips, and operate in a rolling manner.
6. Short-term trading primarily focuses on trading volume and patterns. Trade actively when patterns show significant movements; avoid inactive ones.
7. A slow decline will lead to a slow rebound; a rapid decline will lead to a quick rebound.
8. If you buy incorrectly, admit it, stop the loss in time, and preserve capital; that is the foundation for survival in the market.
9. For short-term trading, always look at the 15-minute candlestick chart. You can find good buy and sell points using the KDJ indicator.
10. There are countless techniques and methods for trading cryptocurrencies; mastering just a few is enough. Don't be greedy.
In the cryptocurrency world, it's essentially a competition between retail investors and market makers. If you don't have cutting-edge news or firsthand information, you can only be cut! If you want to strategize together and reap profits from the market makers, you can comment 168!
Welcome like-minded people in the cryptocurrency world to discuss together~
The martial arts secrets have been shared with you all; whether you can gain fame in the world depends on your own efforts.
Everyone must save these methods and read them several times. If you find them useful, feel free to share them with more cryptocurrency traders around you. Follow me to learn more valuable insights from the cryptocurrency world. Having braved the rain, I'm willing to be the umbrella for the retail investors! Follow me, and together we will forge our path in the cryptocurrency world!
