I have been trading crypto for ten years and made 30 million; if you want to change your fate, you must try the crypto circle; if you can't get rich in this circle, ordinary people will have no opportunity in their lifetime.
I believe that excellent traders must be patient to endure prosperity!
"Five impoverished, six exhausted" happens every year; according to cycle theory, which months can you trade crypto in a year?
"Five impoverished, six exhausted, seven may not even turn around"; every year from May to August, I am in cash.
So when is the right time to enter the market?
First, enter the market at the end of September, clear the position at the end of November.
Second, enter the market before the Spring Festival, clear the position in April.
Third, implement the above two iron rules; of course, individual small market coins played by main forces are not counted.
Fourth, the next step is to learn how to find hundredfold coins; combined with a bull market, that means getting rich.
Having been in the market for over 10 years, one of my accounts has accumulated 30 bitcoins! The return on investment for this account is also high.
No more nonsense, let's get straight to the point:
What does naked K-line trading analyze?
Naked K-line analysis mainly has four major modules: trend, position, momentum, signal.
These four core analysis sectors are not isolated; they support and promote each other, working together.
When responding to the market's ever-changing situation, if we can conduct an in-depth analysis from these four dimensions, it will make our analysis more comprehensive and systematic, avoiding the impulsive behavior of rashly entering the market just because we catch a trading signal, which is a common mistake among many novice traders.
So, how to accurately grasp the pulse of the trend?
When discussing trend analysis, remember three key elements: structural layout, running direction, and fluctuation level.
As for recognizing naked K-line trends, it mainly relies on classic technical theories to define trends.
From a structural perspective, when observing significant highs and lows continuously rising, it can be determined as an uptrend; conversely, if highs and lows are continuously declining, it is considered a downtrend; fluctuations between high and low points are classified as a sideways pattern.
In trend judgment, the biggest difficulty is the classification of levels and the conversion of trends.
The classification of trends at different levels involves the issue of primary and secondary rhythms. Beginners are easily swayed by small-level trends, often neglecting the main trend, leading to confusion in trading direction. Is the trend conversion a trend correction or a trend reversal? It is not easy to judge because there are no absolute quantifiable standards.
To solve the issues of different levels and trend conversions, my method is to define your main trend and critical points.
Because the starting point for selecting trends is different, your perception of the trend direction may not be the same as others. So you need to define the trend you have categorized and find its main trend, then find the critical points of each trend level, which are generally horizontal lines and trend lines.
Is the price position high or low?
Keywords for position: support level, resistance level, profit and loss ratio.
Why do you chase high prices? Why do you always make small profits and large losses? This is related to the judgment of price positions.
If you always go long at resistance levels and short at support levels, this not only results in a high failure rate but also has a low profit-loss ratio.
Position judgment is also very important; whether the price is high or low, the basic personal measurement standard:
Support level belongs to price low.
Resistance level belongs to price high.
Since the profit-taking is also set at support and resistance levels, so:
Buy at support levels, sell at resistance levels, and long with the maximum profit-loss ratio.
Buy at resistance levels, sell at support levels, and short with the maximum profit-loss ratio.
Unless you are trading a breakout, otherwise all longs at resistance levels belong to high position entries, and all shorts at support levels belong to chasing the dip.
Emotional management
A day in the crypto circle equals ten years in the human world. The crypto circle is a wealth (negative) amplifier; while everyone fantasizes about getting rich in the crypto circle, the emotions of this amplifier are magnified by hundreds or thousands of times compared to the outside world.
The FOMO emotions in the crypto circle, the fear of missing out, the envy of seeing others make money, etc., will eventually turn into your anxiety; your anxiety or emotions will become a tool for the manipulators.
So in the crypto circle, it is essential to manage emotions; be humble in victory and resilient in defeat.
As for why you feel anxious, my understanding is that it is caused by unclear strategic investment goals; you only know that others are making money in the crypto circle, but you cannot correctly evaluate your own conditions, including capital, off-market earning ability, research ability, etc., and when losing money or seeing others make money, there will be a significant impact, leading to anxiety.
The more anxious people are, the more distorted their investment actions become.
Moreover, the more anxious people are, the more they want shortcuts and rely on others for wealth codes.
The more you fail to form your own investment system, the easier it is to become the harvested chives.
Capital position management
If having abundant energy means having an army that can win battles.
Having emotional stability means having a commander who can make calm judgments on the battlefield.
Cognition in place means having a strategist in the army who understands the enemy's situation clearly.
Strong execution means that the commander has a group of fierce generals who dare to fight hard battles.
Thus, position management is the logistics support team within this group, which is key to ensuring victories on the frontline.
But I believe that in the crypto circle, logistical support is rather the frontline; position management is the first priority. You need to be clear about how much ammo you have on the battlefield, how many troops you deploy, and how many battles you have won or lost; all other preparations are for the sake of position management because the crypto circle only involves two actions: position buying and position selling; this is the ultimate battlefield. Knowing how to buy is a novice skill; knowing how to sell is a master skill. Giving the same code to different people, due to different levels of position management, ultimately leads to different amounts of profit.
Based on my own experience, I can currently categorize the content into several parts:
1. Capital management:
You need to know your capital situation; it's best to use a table to summarize which is long-term, which is medium-term, and which is short-term capital. Because with too many projects, capital flow can become confusing.
Simply put, at least you need to clearly distinguish which CEX and DEX wallets you have and how much assets are in each; whether these assets are safe, after all, asset theft is not uncommon in the crypto circle.
2. Trading position management:
Trading position management should follow your own execution strategy; plan how much capital to invest in each project, set psychological profit-taking and stop-loss levels, and the first priority in the crypto circle is to protect the principal (including capital safety); absolutely do not overreach. I have several investments that multiplied several times just because of overreaching and ended up only taking a little profit.
Regarding this content, I will take time later to summarize methods; in short, good capital position management will yield beautiful results.
Six, review ability
The purpose of writing this article is to conduct a self-review; I mentioned earlier that this is a bloody lesson:
In the crypto circle, the ability to review trades determines the speed of progress, and the speed of progress will further affect the efficiency of making money.
When dealing with depression and anxiety, I found an interesting thing: the real objective event A that happens in the world is one thing, but what I see as A is actually an A+ event because the A+ event contains my cognition, emotions, feelings, and even factors influenced by the environment at that time, making it difficult for me to clearly recognize event A. So how to see event A as clearly as possible? It is to use the power of words, to record it down, to record it as it is. When you are faced with a pile of words or numbers, you can better distinguish between facts, appearances, emotions, and your lack of understanding. The more you tend to see the real event A, the more naturally calm your heart will be, and you will find a return to zero at the bottom.
So if you always feel like you are a bit unlucky and haven't made money, it might be good to reflect and review the trading thoughts from that time; you will discover many issues. Of course, if you have achieved victory, it is even more important to summarize valuable experiences because if you don't summarize, you may easily become complacent and next time may suffer a significant loss.
I suggest everyone to review their trades more, believe in the power of review!
I am Chef Huang, an old chive who has crossed over the bull and bear markets! Welcome to consult!