Veteran of the Cryptocurrency World: After 8 Years, Turned 300,000 into Tens of Millions, All with a 'Simple' Method
I am 36 years old this year, from Fuzhou, with two houses, one for my family and one for myself. After 8 years of trading cryptocurrencies, my initial capital of 300,000 has grown to tens of millions, relying neither on insider information nor on luck, but solely on a 'simple method'.
The best time was when I turned it 400 times in 4 months, making 20 million.
Now, I will share my 2880 days of experience with you for free.
Lesson One: In a Bull Market, Opportunities Are Everywhere, Greed Will Only Lead to Heavy Losses
Indeed, there are many opportunities in a bull market, but if you are greedy and try to grab them all, you will end up with nothing.
I only do one thing: choose a sector and firmly hold onto the main upward trend. As long as you catch the right wave, even two cryptocurrencies are enough for you to fully benefit from a bull market.
Lesson Two: The Iron Rules of Trading Cryptocurrencies, Every Rule Is Learned Through Blood
Buy new, not old; you are trading on expectations, not sentiments.
Do not touch contracts; if you really want to play, don't exceed 5 times leverage, and always set stop-losses. Holding on to a losing position is equivalent to seeking death.
In a crazy market, prices shoot up, but when the bear market comes, they could drop by 90%. Clear out your holdings at the end of a bull market.
Take action before good news is priced in, and run after the profits are realized; don’t wait to be handed the losses.
In a bear market, don’t leave, and don’t get restless; work steadily until the market comes.
Lesson Three: If You Don't Understand Capital Management, You Can Lose Back Any Amount You Earn
The separation of accounts is a hard rule:
Three sectors are enough, with two cryptocurrencies in each: one leading stable currency and one potential high multiplier.
Do not heavily invest in one coin, don’t be greedy, don’t gamble; take profits when they rise, and don’t fall in love with a position.
Immediately set stop-losses when the trend reverses; if you're wrong, just run.
In the cryptocurrency world, you earn from 'long-term recognition money', not 'short-term stimulus money'.
Lesson Four: Do the Right Thing at the Right Time
Open positions at the end of a bear market, increase positions at the beginning of a bull market, and exit at the end of a bull market. The market always has cycles and always has repetitions.
The early stage of a bull market is the most violent; the earlier you prepare, the bigger your profits. The more excited you are at the end of a bull market, the calmer I am, quietly selling off.
Those who make big money buy when no one dares to and withdraw when everyone is shouting 'ALL IN'.
For those of you just entering the market, don’t think about getting rich quickly; first, learn to survive.
In this market, those who can survive the longest will ultimately win. Understanding a complete cycle is more important than understanding ten candlestick charts.
May you walk fewer detours and earn more recognition money in this crazy market.
Now is not the time to hesitate; follow Long Shao closely to position yourself ahead of the main upward trend, enjoy the main course of the bull market, and don’t eat leftovers!
