The cryptocurrency market has experienced ups and downs for six or seven years, from 50,000 to nearly 30 million now. As someone who has been trading cryptocurrencies for six or seven years, starting with 50,000 and making a profit of 11 million, then going into debt of 3 million, then making a profit of 20 million, and now achieving financial freedom. In the past two years, from May 23, 2022, to June 4, 2024, I managed to achieve a return of 418134.86% with less than 500,000, ultimately reaching over 28 million. Here are some practical and useful tips for newcomers to the cryptocurrency market.
The three levels of snowballing:
First level (10-20 USD stage): Play only during lunchtime and at 2 AM. Don't ask why; even the market makers need to eat and sleep.
Second level (breaking the 50 USD barrier): Divide your principal into two parts: red and blue. Use the red part for contract trading, and the blue part to buy Dogecoin and store it in a cold wallet — don't underestimate MEME coins; last year I relied on this to send a 131.4 red envelope to my online dating partner on May 20.
Third level (hitting the 100 USD life-and-death line): At this stage, you need to learn how to "cultivate poison." Open three exchange accounts, placing 30 USD in each, and let them compete against each other. The last surviving account is the chosen one.
Back to the point, beginners should read, understand, and practice the following trading principles:
In the cryptocurrency market, 1,000 yuan is about 140 USD!
Optimal strategy recommended: contracts
Use 30 USD each time to speculate on hot coins, ensuring to set take profit and stop loss: 100 to 200, 200 to 400, 400 to 800.
Remember, at most three times! Because luck is also a factor in the cryptocurrency market. Each time you go all-in like this, it’s easy to win 9 times, but lose once! If you break through three levels with 100, your principal will reach 1100 USD!
At this point, it is recommended to use a three-tier strategy.
Make two types of trades each day: ultra-short trades and strategic trades. If an opportunity arises, then enter a trend trade.
Ultra-short trades are used for quick strikes, focusing on 15-minute levels. Advantages: high returns. Disadvantages: high risk.
Only trade major coins at the level of Bitcoin.
The second type of trade, strategic trades, involves using small positions, such as contracts around 4-hour levels with 10 to 15 USD. Save your profits and invest regularly in Bitcoin every week.
The third type is trend trades for medium to long-term trading. When you see a solid opportunity, go for it. Advantages: high returns.
Find the right entry point and set a relatively high risk-reward ratio.
If you are also a tech enthusiast and are studying technical operations in the cryptocurrency market, feel free to chat. You will gain the latest cryptocurrency intelligence and trading skills.
