I insist on using a seemingly 'foolish' method for trading cryptocurrencies, which not only slowly helps me regain my status but also achieves a hundredfold return in a year.
Looking back now, this method, while not flashy, is extremely effective: 'If I don't see the familiar signals, I won't act decisively!' I'd rather miss out on opportunities than make random moves. Based on this principle, I can now stabilize my annual return rate at over 90%, and my investments no longer rely solely on luck.
I would like to share the experiences I've gained through real investment with new friends:
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1. Avoid trading peaks and choose the right timing
During the morning session, the market is filled with mixed messages, with true and false good and bad news flying around, leading to significant price fluctuations that can easily prompt impulsive entries. I usually choose to operate in the time period just before the afternoon closing, when the market information is relatively clear, and the K-line trends can better reflect the real trend. #本周高光时刻
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2. Locking in profits is very important
Don't always think about getting rich overnight! For example, if you made a profit of 1200 yuan today, I recommend transferring 400 yuan to your bank account first, leaving the rest for further investment. I have seen too many people who 'earn and want to earn more,' only to give back all their profits after a correction. #ETH
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3. Let indicators do the talking
Trading cannot rely on feelings! You can download a professional market observation software on your phone and focus on these indicators before trading:
• MACD: Observe whether there is a golden cross or death cross
• RSI: Determine whether there is an overbought or oversold situation
• Bollinger Bands: Pay attention to whether there are contraction or breakout signals
At least two indicators must provide the same directional signals before considering entry.
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4. Flexibly set stop-losses
If you have time to monitor the market, you can manually move up your stop-loss after making a profit. For example, if your purchase price is 2000 yuan and it rises to 2200 yuan, you can raise the stop-loss to 2050 yuan to lock in some profits. If you don't have time to monitor the market, be sure to set a fixed stop-loss of 10% to avoid significant losses from sudden drops.
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5. Understanding K-lines has its tricks
• Short-term investment: Refer to the 1-hour K-line chart; if two consecutive bullish candles appear, consider buying. #BTC重返10万
• Sideways market: Switch to the 4-hour K-line chart to find support levels, entering the market when the price drops near the support level.
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6. Newcomer pitfall guide
• Control leverage; newcomers should try not to exceed 5 times
• Stay away from obscure high-risk small-cap stocks
• Limit daily trading to no more than 4 times to avoid overtrading
• Never borrow money to trade cryptocurrencies!! #币圈