Ten years of blood and tears, one moment of enlightenment! From a loss of 7 million to making back 10 million, here are the key trading rules I've summarized for everyone still fighting in the crypto world!
This is the practical experience I've fought for with a principal of 5000, traversing bull and bear markets, life and death turnarounds; it's not theory, but wisdom earned through real money!
Iron Rule One: Market sentiment leads, volume is the true signal
Volume increases but price doesn't rise? Beware of short-term peak signals!
Only increasing volume can support a rising trend; otherwise, it can reverse at any time!
When key points fall, panic selling is easy; don't foolishly try to catch the bottom!
Iron Rule Two: Key price levels determine life and death
The support line is crucial; if it breaks and you don't run, just wait to be trapped.
Don't fight in resistance zones that don't break; use Fibonacci retracement for precise trading range positioning!
Iron Rule Three: Multi-period linkage
1-minute chart: Sniping in and out.
3-minute chart: Trend confirmation.
30-minute/1-hour chart: Capture big waves.
Iron Rule Four: Stop-loss is not failure, it's tactical retreat!
Every trade should have an 'exit plan'; don't let a single loss drag you down emotionally!
Iron Rule Five: Three-stage position sizing
Build a position above the five-day line, add more above the fifteen-day line, and be brave to go full position above the thirty-day line!
Reduce positions when it breaks below the five-day line, cut half when it breaks fifteen, and completely liquidate at thirty!
Iron Rule Six: Selling is more important than buying
If it breaks below the five-day line, don't be greedy. If it breaks below thirty and you still don't run, that's digging your own grave!
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