Realization after losing 6 million! 10 life-and-death iron rules for making 30 million in the crypto world, essential for traders to avoid losses!
"Can you make money trading cryptocurrencies?" I throw out my account balance and say one thing: **First, memorize these 10 iron rules before you talk.** This is not theory; it's survival experience I've gained from a 6 million loss. Print it out and stick it on the wall, read it three times before each trade.
1. Secret to doubling small funds: Only bet on the main upward trend
If your funds are under 200,000, don't rush blindly. Play the rhythm with the big players, stay with the main upward trend, and keep 30% cash to guard against black swans.
2. Monetizing cognition: 100 times on a simulated account = half the loss of principal
First, practice on a simulated account 100 times until you can keep calm during a crash; only then are you qualified. One liquidation might mean you can't come back.
3. Must-kill for good news: Midnight order placement rule
On the day of good news announcement, place your order before 23:59. The probability of a plummet within 24 hours is as high as 78%; catching the window means you've won half.
4. Avoiding pits during holidays: Clear out altcoins 7 days before the holiday
Cut high-risk coins before the holiday and only keep stable assets. Data from the past 5 years: mainstream coins have averaged a 27% drop after the holiday.
5. Mid-line addition logic: Add when it breaks below the yearly line
Below the yearly line is a golden pit; add once after a 15% drop, and add again after a 30% drop. If it rebounds over 8%, take profit immediately.
6. Short-line explosion formula: Three high rule
Only high volatility, high turnover, and high controversy coins have potential. Volume ratio > 3, break the upper Bollinger band, and dive in!
7. Techniques for rebound during a crash: Accelerating decline is a buy point
Continuous large bearish candles, RSI breaking 20, prepare to reverse and go long! A crash will definitely bring a sharp rebound.
8. Stop-loss iron rule: Force a stop-loss at 7% loss
Unconditional stop-loss, no emotions involved. Holding a position will only make you give in at the lowest point.
9. Ultra-short line tool: 15-minute golden cross
Enter when the MACD turns red, hold for no more than 4 hours, and take profits in batches when exceeding 5%.
10. Ultimate method: Master one move to perfection
Don't waste time learning a hundred skills; focus on mastering one move, practice it 100 times, and it will surpass learning 100 varieties chaotically.
**Summary: The crypto world is not about who operates the most, but who survives the longest. The secret to explosive profits is surviving while others make mistakes.** These 10 iron rules are lifesaving.