Ten years ago, I entered the crypto world with only 50,000 yuan. After experiencing various pains, confusion, and self-doubt, I finally had a great realization: simplify trading techniques, reduce complexity to achieve stable profits. Now life is relatively comfortable; in my spare time, I fish, play soccer, and occasionally meet friends for drinks! Today, I share my methods with you!
Before enlightenment, it's as difficult as climbing to the sky.
After enlightenment, it's as easy as turning your hand.
Successful trading = philosophy + mathematics + psychology + clever gaming!
(Use philosophical thinking for the big picture, logical thinking for topics, human nature thinking for emotions, and gaming thinking for viewing trading.)
The crypto world should be viewed with philosophical thinking for the big picture rather than logical thinking (view the big picture with philosophical thinking), otherwise, mathematicians would succeed.
You need to view topics with logical thinking rather than human nature (view topics with logical thinking); otherwise, psychologists would succeed.
You should view emotions with human nature rather than gaming (view emotions with human nature thinking), otherwise, gamblers would succeed.
You should view trading with a gaming mindset rather than philosophical thinking (view trading with gaming thinking), otherwise, philosophers would succeed.
The crypto world actually requires you to become a philosopher, mathematician, and psychologist, oh, and don't forget, you also need to be a clever gamer!
Clever gaming: Everyone is participating in gaming and acting with a gaming mindset, but some people's gaming thinking is too shallow and lacks depth. Although they apply gaming thinking and participate in gaming, they ultimately become losers. One must practice to learn high-level, multi-layered gaming thinking.
These 24 practical experiences are all valuable insights; following them can minimize losses and maximize gains, and also improve trading.
Winning rate, below is my summary of these 24 rules in simple terms, so beginners can understand:
1. Don't go all in; divide your capital into 10 parts, and don't exceed 1 part in a single trade.
2. Always set a stop loss when opening a position, set the stop loss 3-5 points from the transaction price.
3. Don't open positions too frequently; frequent trading can mess up your funds and trading plan.
4. Move the stop loss; if you've made over 3 points, adjust the stop loss, don't let profits escape.
5. You must follow the trend; if the trend is unclear, don't buy. Following the trend is more stable.
6. If confused, don't open positions; if you don't understand the market situation, wait for confirmation before opening positions.
7. Buy mainstream and popular coins; choose coins with active trading, don't touch obscure and inactive ones.
8. Don't put all your money into one; diversify large amounts into 2-3 coins, and stick to one for small amounts.
9. Trade at market prices; don't set fixed prices to buy. Following the market is more flexible.
10. Let profits soar; set a moving stop loss to protect profits, don't close positions early.
11. If you make a profit, you must realize it; save part of the profits for critical times.
12. Don't impulsively trade for staking dividends; the temptation of dividends is great, but don't buy recklessly because of it.
13. Don't lower the average price; if you lose on a position, don't think about averaging down costs. This is a big taboo.
14. Choose the best entry point; don't trade impatiently, only trade at key positions.
15. Don't pick up small profits and suffer big losses; small profits aren't worth the risk, don't take chances for a little money.
16. Stop losses cannot be canceled; if you lose on a position, don't tamper with the set stop loss, maintain discipline.
17. Don't trade all day long; trading too frequently can lead to losses. Leave enough time for review.
18. Make profits whether the price rises or falls; go long when it rises, short when it falls, and operate according to the trend.
19. Don't operate based on price highs or lows; low doesn't necessarily mean it's worth buying, and high doesn't necessarily mean you should sell.
20. Add or clear positions based on timing; add positions after breaking resistance levels, and clear when dropping below support levels.
21. Choose the right types of coins for large and small markets; small market coins are suitable for shorting, while large market coins are suitable for longing.
22. Don't hedge to cover losses; if the coin you bought drops, don't sell others to cover, just accept the loss and exit.
23. Don't change directions without reason; switching between long and short positions must have basis, don't act without signals.
24. If you've made a lot from trading, don't become overconfident; after consecutive wins, don't increase your stake. Treat every trade with equal importance.
Trading is a long-term practice; if you want to make a living from trading, you must follow the rules and build your own trading system!
