True cryptocurrency trading experts simplify the process. Repeatedly doing simple tasks leads to a high win rate of 98.8% in this short-term trading model. Learning this can easily take you from 100,000 to 10 million by focusing solely on this model.
I know a friend from Ningbo who enjoys short-term trading and is particularly enthusiastic about many techniques. In just a few years, he has grown from small to large and is now living off cryptocurrency trading. I have improved his 'techniques,' and this year, through practice, he has turned an initial capital of 170,000 yuan into 19.93 million yuan in less than a year. I'm sharing this in hopes of helping fans!
Simple and practical tips for trading coins to ensure steady profits.
1. Invest in batches: Assume you have 10,000 yuan, divide it into five parts, and use only 2,000 yuan for each trade.
2. Test water investment: Use 2,000 yuan to buy a coin to test the waters.
3. Add to your position after a drop: If the coin price drops by 10%, add 2,000 yuan to your position.
4. Take profit when it rises: If the coin price rises by 10%, sell part of it in time to lock in profits.
5. Repeated cycles: Continuously buy and sell until funds run out or the coins are sold out.
Strategy advantage: The benefit of this strategy is that even if the coin price drops, you can respond calmly. By entering in batches, you avoid the risk of a one-time investment. Even if the price drops by half, you are just gradually adding to your position. Each time you sell, you can lock in a 10% profit. For example, if you have 100,000 yuan, and you invest 20,000 yuan each time, you can make 2,000 yuan each time.
#Newcomer trading coins# First, remember this phrase:
In cryptocurrency trading, mindset is more important than skills. Make money in bull markets, accumulate coins in bear markets, don't sell in bull markets, and hold coins during bear markets!
1. Holding coins method: Suitable for both bull and bear markets. The holding method is the simplest but also the most difficult. It is the simplest because it involves buying a certain coin or a few coins and holding them for more than half a year or a year without trading. Generally, the minimum return is ten times. However, newcomers often see high returns or encounter a halving in coin price and intend to switch coins or cash out. Many people find it hard to hold for even a month, let alone a year. So, this is also the most difficult part.
Note: Holding EOS and ADA is fine, or take out some money once a month without affecting your life, and persist with dollar-cost averaging.
2. Bull market dip chasing method: Suitable only for bull markets. Use a portion of idle funds, preferably no more than one-fifth of your total funds. This strategy is suitable for coins with market caps between 20 and 100, as they won’t be stuck for too long. For example, if you buy the first altcoin and it rises by 50% or more, you can switch to the next coin that has dropped sharply, and so on. If your first altcoin is stuck, just wait; the bull market will definitely help you break even. The prerequisite is that the coin cannot be too risky; this strategy is also difficult to control, so newcomers need to be cautious.
Note: When buying, be sure to ask an expert if it's at the bottom. If it's at a high point, it's generally hard to make a profit, and newcomers often end up selling at a loss. Pay attention to a market cap of 20-100 and don't use more than one-fifth of your funds.
3. Hourglass car-switch method: Suitable for bull markets. In a bull market, basically any coin you buy will rise. The funds act like a giant hourglass, slowly seeping into each coin, starting with large ones. There is a clear pattern to coin price increases: first, the leading coins rise, such as BTC, ETH, DASH, ETC, followed by mainstream coins like LTC, XMR, EOS, NEO, QTUM, etc. Then, the coins that haven't risen will generally all rise, such as RDN, XRP, ZEC, etc. After that, various smaller coins will take turns to rise. But if Bitcoin rises, you should pick a lower tier coin that hasn't risen yet and start building your position.
4. Pyramid bottom-fishing method: Suitable for predicting large drops. Bottom-fishing method: Place orders to buy one-tenth of your position at 80% of the coin price, one-fifth at 70%, one-third at 60%, and one-fourth at 50%.
Note: This kind of bottom-fishing requires rationality and a very precise judgment of the price level at which you want to buy.
5. Moving average method: Understand some basic candlestick charting. Set the indicator parameters to MA5, MA10, MA20, MA30, MA60, and select the daily line level. If the current price is above MA5 and MA10, hold steady. If MA5 falls below MA10, sell the coin; if MA5 rises above MA10, buy to build your position.
Note: If a newcomer can learn to read candlestick charts, they are no longer a complete novice.
6. Aggressive holding method: Focus on coins you are familiar with; this is suitable only for long-term quality coins. Have some liquid funds; if a coin is currently priced at 8 dollars, place an order to buy at 7 dollars. When the buy order is successfully executed, place an order to sell at 8.8 dollars. Profit comes from holding coins. Take out the liquid funds and wait for the next opportunity. Adjust dynamically based on the current price. If there are three such opportunities in a month, you can accumulate quite a few coins. The formula is: purchase price equals current price times 90%, selling price equals current price times 110%!
Note: The surge and drop happen in an instant, so the core of this method is in placing orders.
7. ICO aggressive compound interest method: Continuously participate in ICOs. When a new coin rises by 3-5 times, take out your principal and invest in the next ICO, keeping the profits and continuing the cycle.
Note: Newcomers should consider joining a team and operate under the team's advice. For those who completely don't understand, participating in cryptocurrency is like throwing money into water.
8. Cyclical wave method: Find coins similar to ETC that are declining in price. Add to your position when the price keeps dropping, and continue to add as it falls, then wait for profits before selling, thereby creating a cycle.
The methods above are suitable for newcomers; it is recommended to study them slowly! Choose the methods that work for you. After building your position, hold steadily. Don't sell if you're not making money; if you're stuck, you need to hold steady and not cut losses.
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