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#BinancePizza Trading cryptocurrencies is not gambling? Stop deceiving yourself!
I have been in the crypto space for many years and have seen too many people become rich overnight, but even more have gone to zero overnight!
Today, these life-saving rules are what I have earned with real money. If you understand them, you can survive; if not, just wait to be cut! (At the end of the article, there is a secret to rolling over profits that will completely change your understanding!)
1. Don't use all your bullets; staying alive gives you a chance
Putting 200,000 USDT all in one coin? Do you think you are Soros? Bull markets have plenty of opportunities; what they lack is capital!
Correct approach: Build positions in 3-5 batches, average down when it falls, and take profits when it rises. Example: Last month, my apprentice invested 50,000 USDT in three batches into pnut, and now his account has doubled, while those who went all in have been washed out!
2. Good news fully released = bad news; the big players are just waiting for you to take over
A certain coin announces a "major partnership," and you rush in? Congratulations, you are the bag holder! Correct approach: Ambush before good news drops, and run as soon as the news comes out!
3. The pre-holiday drop curse is more accurate than your period
One week before Christmas and the Spring Festival, hurry to reduce your positions! Those who understand, understand.
4. Don't panic during a crash; look at the volume!
Slow declines = danger, sharp declines = opportunity! Correct approach: After a sharp drop in volume, there’s an 80% chance of a rebound the next day!
5. Stop-loss is a life-saving potion; stubbornly holding will lead to zero
"Can holding the position get back to break even?" The grass on the grave is already two meters high! Iron law: 5% stop-loss, 10% forced liquidation! Bloody lessons: My brother stubbornly held onto FTT with 500,000 USDT, and now he wets his pants when he hears the word "stop-loss!"
6. Three tricks to conquer everything; don't complicate things
With eight years of practical experience, I rely on these three tricks: 1️ Volume-price matching (only follow after a volume breakout) 2️ Trend following (only trade coins in a bullish arrangement) 3️ Strict stop-loss (must cut losses at 5%)
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