Eight Years of Hard-Won Experience from an Old Trader
1. Position Management is Crucial
Don't just go All in! Isn't it better to enter the market in three batches with 200,000 funds? Last week, my apprentice built a position in ARB in batches, and now the returns are almost doubled. Remember: in a bull market, the most valuable thing is the principal!
2. Run Quickly After Good News Drops
Don’t rush in when you see the project team release good news! Last month, APT announced a partnership and surged by 40%. I immediately sold everything, and it halved in three days. The big players are just waiting for the good news to sell off!
3. Remember to Reduce Positions Before Holidays
You must reduce positions one week before Christmas and Spring Festival! Last year, BTC fell for seven consecutive days before New Year’s Day, and I avoided the major drop by being out of the market in advance. This pattern is more reliable than an alarm clock!
4. Look at Trading Volume During a Crash
Run during a slow decline, but a significant drop with increased volume may present a buying opportunity! When BTC collapsed in May, trading volume surged threefold, and I decisively bought back in, making 20% in two days. When panic selling is exhausted, it’s an opportunity!
5. Stop Loss is a Lifesaver
Holding onto losing positions? My friend held 500,000 U until it went to zero! Setting a 5% stop loss can’t be that bad, right? Better than jumping off a rooftop!
6. The Simpler the Trade, the Better
After eight years of practical experience, I only use three strategies:
(1) Look at volume-price coordination
(2) Follow the trend
(3) Strictly enforce stop loss
Last year during the bear market, I made 60% using these three strategies, which is much more reliable than chasing after any so-called expert!
Remember: Making money in the crypto world relies on discipline and patience, not gambling! If you want to learn more practical skills, follow my future shares.
Intraday: BTC ETH
