晴天带你吃大肉
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Ten years in the crypto world and heartfelt words on earning tens of millions! Recommended to save!
These are some insights from a friend of mine who has earned tens of millions in the crypto world over the past ten years! My friend is now free, full of valuable information!
1. When the market crashes, if your coin only slightly drops, it indicates that there are big players protecting the price, preventing it from falling. Such coins can be held with peace of mind, there will definitely be rewards in the future.
2. For beginners trading coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it drops below; for medium-term trading, look at the 20-day moving average, hold if the price is above the 20-day line, and sell if it drops below. The method that suits you best is the most important, and the key is to persist in execution.
3. If the main upward trend of the coin price has formed and there is no significant increase in volume, then decisively buy in; continue to hold when the price rises with increased volume, and also hold during a decline in volume as long as the trend is not broken; if there is a drop in volume and the trend is broken, quickly reduce your position.
4. After buying short-term, if the coin price does not move within three days, sell if possible. If the price drops after buying, and the loss reaches 5%, cut your losses unconditionally.
5. If a coin has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may occur at any time; consider following up.
6. When trading coins, choose leading coins because they rise the most during uptrends and are the most resilient during downturns. Don't buy just because the price has dropped significantly, and don't avoid buying just because the price has risen significantly. When trading leading coins, the most important thing is to buy at high prices and sell at even higher prices.
7. Trade in accordance with the trend; the purchase price should not be as low as possible but rather the most appropriate. Don't easily call a bottom during a decline, and be willing to abandon underperforming coins. The trend is the most important.
8. Don’t let a momentary profit cloud your judgment; remember that sustaining profits is the hardest part. Carefully review your trades to see whether your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profitability.
9. Do not force trades without sufficient confidence. Being in cash is also a strategy, and learning to stay in cash is very important. The first consideration in trading should be preserving capital, not making profits. The competition in trading is not about frequency but about success rate.
These are some insights from a friend of mine who has earned tens of millions in the crypto world over the past ten years! My friend is now free, full of valuable information!
1. When the market crashes, if your coin only slightly drops, it indicates that there are big players protecting the price, preventing it from falling. Such coins can be held with peace of mind, there will definitely be rewards in the future.
2. For beginners trading coins, there is a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the coin price is above the 5-day line, hold it, and sell once it drops below; for medium-term trading, look at the 20-day moving average, hold if the price is above the 20-day line, and sell if it drops below. The method that suits you best is the most important, and the key is to persist in execution.
3. If the main upward trend of the coin price has formed and there is no significant increase in volume, then decisively buy in; continue to hold when the price rises with increased volume, and also hold during a decline in volume as long as the trend is not broken; if there is a drop in volume and the trend is broken, quickly reduce your position.
4. After buying short-term, if the coin price does not move within three days, sell if possible. If the price drops after buying, and the loss reaches 5%, cut your losses unconditionally.
5. If a coin has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may occur at any time; consider following up.
6. When trading coins, choose leading coins because they rise the most during uptrends and are the most resilient during downturns. Don't buy just because the price has dropped significantly, and don't avoid buying just because the price has risen significantly. When trading leading coins, the most important thing is to buy at high prices and sell at even higher prices.
7. Trade in accordance with the trend; the purchase price should not be as low as possible but rather the most appropriate. Don't easily call a bottom during a decline, and be willing to abandon underperforming coins. The trend is the most important.
8. Don’t let a momentary profit cloud your judgment; remember that sustaining profits is the hardest part. Carefully review your trades to see whether your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profitability.
9. Do not force trades without sufficient confidence. Being in cash is also a strategy, and learning to stay in cash is very important. The first consideration in trading should be preserving capital, not making profits. The competition in trading is not about frequency but about success rate.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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