"Can you make money trading cryptocurrencies?" I show my account balance and say: First memorize these 10 iron rules before discussing. This is not hollow theory; it's survival experience bought with a loss of 6 million, I suggest printing it out and putting it on the wall, reading it three times before each trade.
1. Secret to doubling small funds: For funds under 200,000, don't rush. Follow the pace of the big players, focus on the main uptrend, and keep 30% of funds to deal with risks.
2. Monetizing cognition: First conduct 100 simulated trades, practice not being impulsive during a crash, to be considered qualified. A single liquidation may mean permanent exit.
3. Killing with good news: Place orders before 23:59 on the day good news is announced. The probability of a sharp drop within 24 hours is as high as 78%, catching the window means winning half the battle.
4. Avoiding pitfalls during holidays: Clear out altcoins 7 days before holidays, leaving only stable assets. Data from the past 5 years: Mainstream coins average a drop of 27% after holidays.
5. Mid-term position addition logic: Boldly add positions when breaking the annual line. Add once when dropping 15%, and add again when dropping 30%. Take profits immediately when rebounding over 8%.
6. Short-term explosive point formula: High volatility, high turnover, and highly controversial coins are the ones to target. Volume ratio > 3, break through the upper Bollinger band, and jump in directly!
7. Techniques for rebound after a crash: Prepare to reverse long when there are consecutive large bearish candles and RSI breaks 20! A sharp drop will be followed by a quick rebound.
8. Iron rule for stopping losses: Mandatory stop loss at 7% loss. Unconditional execution, no discussion of emotions. Holding positions will only lead you to capitulate at the lowest point.
9. Ultra-short-term tool: Enter when the MACD golden cross turns red on the 15-minute chart, hold for no more than 4 hours, and exit in batches when profits exceed 5%.
10. Ultimate secret: Don’t learn a hundred skills; master one move and practice it 100 times, it’s better than learning a hundred different ones chaotically.
Summary: In the crypto space, it's not about how many trades you make, but who can survive the longest. The secret to making a fortune lies in being present when others make mistakes. These 10 iron rules are lessons bought with money.
Want to double the account, want to enjoy large profits, want to successfully recover costs
Stay close to the market to position early for the main uptrend in the bull market!