I always say that mastering a skill takes the 10,000-hour rule. With 8 hours a day and over 200 days a year spent reviewing, it takes about 5 years. This is just the beginning.
The foundation of stable profit. There will inevitably be major pitfalls within ten years, so to be safe, do not invest more than you can afford within that timeframe.
Many experts who have traded from tens of thousands to hundreds of millions often do so by opening large multiples with contracts; many of them also perish in a bear market, but you just don't know about it. Human nature, in the face of major trends, often causes people to lose their ability to make correct judgments.
Returning to the main topic, I will now share all my valuable techniques with everyone!
Directly talk about cryptocurrency trading secrets (collect).
Six 'no's to not enter, four 'no's to not let go:
Six 'no's to not enter:
1. For coins that keep falling and have not stabilized at the 60-day line, let’s not touch them for now. Follow the trend; wait and see when they turn around.
2. Don’t buy coins that have risen after good news. When good news arrives, it’s often a signal to sell; for coins that have already risen, the main force might be looking to cash out.
3. If a coin has shot up too quickly, moving far from the 5-day moving average, don’t chase it. Coins that rise too fast also carry high risks and chasing highs can lead to losses.
4. Don't take risks with coins that suddenly spike at high levels. High-level gaps carry significant risk; it might be that the main force is quietly unloading.
5. For coins with a turnover rate exceeding 30%, let’s avoid them for now. A high turnover rate indicates fierce competition between bulls and bears; it’s better to stay away from this volatile market for now.
6. Don’t get fooled by coins that are trying to hold up despite a poor overall environment. Coins that are still being pushed up in a bad market are likely using 'smoke and mirrors.'
Four 'no's to let go:
1. Hold onto coins with RSI between 50 and 80. An RSI that is moderately high indicates that the coin still has strength, and holding on can yield more profits.
2. Don't rush to sell coins that have jumped up from low positions. A gap-up indicates strong bullish momentum; see if it can continue to rise.
3. For coins trending upwards, hold tightly. Following the trend, the longer you hold coins in an upward move, the more you earn.
4. If a coin's chips are all concentrated in one place, don’t sell easily. When chips are piled together, the main force may still want to push the price higher; waiting for a higher point to sell is not too late.
Insights on trading cryptocurrencies: trading requires rules; it cannot be based on feelings.
Seeing the trend clearly is much more reliable than guessing blindly!
The bottom line that contract trading must adhere to.
Contract trading is highly risky, and the essence of making money under high risk lies in effective risk management. This means the common advice to maximize gains when in profit and minimize losses when incurring losses is even more applicable in contract trading. Therefore, I will first discuss the importance of risk management in contract trading as a whole, and then separately cover several critical risk management aspects.
It can be said that making money with contracts is neither an easy task nor a tough one. It's easy to make money once or twice, but difficult to earn steadily over the long term. In the face of the market, we are all small retail investors; we should lower our expectations and focus on results—profiting is what matters. Don’t pursue win rates, don’t chase the lowest or highest points, and don’t fantasize about getting rich quickly. Opening a single trade can be right or wrong; it’s normal and shouldn’t affect your mindset. Just cut losses timely. If you earn less once, then earn more times; spend some time slowly accumulating. Never rush. These thoughts are like a sword of Damocles, which may bring potential disasters in certain market conditions.
Ultimately, the nature of people in the trading market is greed and panic. To make money, one must find ways to overcome human weaknesses; don’t be greedy when you shouldn’t, and don’t be afraid when you shouldn’t.
It’s important to stick to your own thoughts. The cryptocurrency market is still relatively small, and there aren’t many trading counterparts. The essence of making money lies in adhering to personal thoughts; if you follow the crowd, you'll be lucky to avoid losses, and making a profit will be as difficult as climbing to heaven.
Therefore, contract trading must strictly adhere to your established trading discipline. Don’t be greedy, don’t rely on luck. You can’t be complacent because of a profit gained from once breaking the rules, nor can you be upset for missing out on a chance due to sticking to discipline. Discipline is a firm foundation; it is the bottom line. Always adhere to it strictly.
All of this is to effectively manage risks and reduce the likelihood of fatal errors. By adhering to the following points, making money will be highly probable.
1. Reduce leverage.
You must control the actual leverage of your position to not exceed 2-3 times. Ideally, it should be around 1 time. If using a full position strategy, ensure to set stop-loss and take-profit orders to prevent full liquidation during significant fluctuations like on September 25.
2. Learn to stop losses.
This point is very important; let me reiterate, the money that retail investors lose is often not due to stop-losses but due to liquidation. Market fluctuations are inherently unpredictable; those who make money are generally the ones who earn more when they are right and lose less when they are wrong. Stop-losses help you lose less when you are wrong. Therefore, retail investors should also recognize their mistakes in a timely manner, must stop losses, and absolutely cannot hold onto losing positions. Set a loss limit that you can afford, such as 15% or 30%. When you reach your maximum loss threshold, don’t wait for a lucky recovery; don’t think that since you’ve already lost so much, you might as well hold on. In short, you must stop losses at all costs. You might not feel it once or twice, and there may be times when you realize after stopping that you shouldn't have, but over time you will appreciate the wisdom of your stop-losses. For example, before September 25, if you kept opening long positions, although hitting stop-losses easily, you might feel very frustrated at the time. But looking back at how many people were liquidated with 2-3x leverage that night, you should be grateful for your wise stop-losses. In summary, stop-losses are just cutting a bit of flesh; not stopping losses is equivalent to committing suicide.
3. Reduce frequency.
This doesn’t need much explanation; everyone should understand that the more you do, the more you get wrong. If you happen to take a wrong step and sustain a large loss, it’s even worse. Therefore, in trading, focus on doing the right thing, reduce trading frequency, and try to seize high-probability opportunities to minimize mistakes and losses, which is beneficial for both profit generation and mental adjustment.
4. Capital management.
Capital management is what I consider the most important aspect of trading. Mastering good capital management strategies can effectively protect your principal, reduce drawdowns, and safeguard profits, ultimately significantly increasing your risk tolerance. Capital management determines whether you can make money and is the lifeblood of surviving in the trading market long-term.
Here are a few disciplinary rules to discuss separately.
(1) Always maintain a portion of your capital as cash. Even leaving 10% in cash will make you grateful for adhering to this discipline during extreme risks. I usually keep 10-20% of my capital in cash, occasionally trading small altcoins for short periods, generally holding positions for less than 24 hours before taking profits.
(2) Contracts and spot trading must be kept separate; this is a form of risk isolation. The spot portion should not use any leverage; coin-to-coin leverage is also not allowed, so you only profit from the rise of the spot. The contract portion can account for 20-30% of the total capital; in very certain trend markets, it should not exceed 50%. The contract portion should operate with low leverage, anchoring to coin-based returns. After stabilizing profits in the contract market, coin-based returns can also be quite substantial.
(3) Avoid overly diversifying capital. Concentrate funds on a few relatively strong coins; don’t spread too thin. Reduce the number of simultaneous trading targets. For example, don't think about opening contracts for Bitcoin, Ethereum, EOS, and Litecoin all at once. That’s something only experts do, aiming for maximum profit. As retail investors, we should first seek profit, not maximization. Trading too many targets will only increase risk without amplifying profits. Therefore, it’s best to concentrate your firepower based on improving win rates; this approach will make it much easier to generate profits than spreading funds across several targets.
5. Reflect often and summarize frequently.
The entire trading process consists of just a few steps: determine the bullish or bearish direction, find the entry point, decide on the position size, increase the position based on market conditions, and set take-profit and stop-loss orders. Basically, these are the steps. After completing a trade, reflect diligently; identify which part of the process you were weakest in and focus on improving that part. Ensure you have good discipline in different trading segments, summarize successful experiences and lessons from trading, and persist long-term to reap rewards.
What I want to express about contract trading is that I did not discuss opening techniques and strategies, but chose these seemingly common thoughts and concepts, not because techniques and strategies are unimportant, but because I believe these foundational thoughts are more important, more practical, and must be mastered. They are like the foundation of a building; only with a solid foundation can the upper floors be more beautiful. Therefore, with an understanding of these basic principles, one can also develop certain technical analysis skills, master some trading techniques and strategies, and the cryptocurrency market contracts will become your ATM.
However, contract trading is a high-risk gambling market; safety first. I wish everyone can make a fortune in the cryptocurrency world.
Three major perspectives, ninety-nine key insights! The trading secrets that the experts won't tell you.
A day in the cryptocurrency world is like a year in real life; this is by no means an exaggeration. Many people want to hop on this fast train, but risks coexist with benefits.
On sunny days, I often receive messages in the background asking, 'What should I do if this coin drops today?' 'Should I sell that coin tomorrow?' What I feel is a kind of panic and confusion when facing the unpredictable cryptocurrency market.
Today, on a sunny day, I want to share some valuable content with you all, from the perspectives of news, technology, and mindset, which is very suitable for newcomers who are completely lost in the cryptocurrency world.
1. News segment.
1. To win, one must find ways to gather first-hand information; analyzing major consulting media in the circle is especially important.
2. Most media are business agents for large players and also serve as investment advisors for retail investors.
3. Mastering the characteristics of different industries is key to profit opportunities.
4. Sometimes purchasing against expert opinions can also be a unique speculative approach!
5. Before investing, make sure to prepare adequately, familiarize yourself with financial knowledge and political dynamics at home and abroad, and analyze the team and practical applications in detail.
6. Buy or sell when news breaks; sell or buy when the news is confirmed.
7. Conduct your own research and make your own judgments about the market; do not change your decisions based on unverified rumors.
8. A team with issues will inevitably lead to product problems; it’s better to be cautious.
9. Any direct investment is professional investment, and professional investment requires a foundation of professional knowledge.
10. Those who claim to predict accurately are mostly losers.
11. Inaccurate information guarantees loss; the most futile activity is trying to guess the psychology of big players and traders.
12. When purchasing, understand whether the profit potential of the issuer is reasonable in relation to the current market situation.
13. This circle is small, but it doesn't mean there are no circles. Knowing a few big players is very helpful.
14. Don't let sudden news change your original intention to buy or sell.
15. Good news running out is bad news, and bad news running out is good news.
16. Institutions have their own coded language; for example, a hanging order '232323' might indicate they are unloading. Each institution is different, so it’s necessary to study them.
17. Don't join small private groups; if you do, only bring your ears and brain.
18. If a white paper lacks specific content and a research and development team, the probability of being a scam coin is over 80%.
19. Whether a project is open-source is important; generally, open-source projects will be uploaded to GitHub. If not, everyone should be cautious.
2. Technical aspect.
20. Successfully following a coin means you're halfway there.
21. Big players often have unexpected routines that deceive inexperienced retail investors to facilitate their buying and selling. You must accurately analyze trading volume patterns.
22. The timing of buying is the most important aspect of virtual currency investment.
23. A decline exceeding one-third is an alarm bell.
24. The three-step rise: Bottom—Breakthrough—Surge!
25. If the index updates for three consecutive days but trading volume decreases each time, the future market may not be good.
26. Coins that have been continuously leading upward will inevitably experience significant downturns, with declines exceeding 50%, making a 30% rebound more likely.
27. Small and medium investors being trapped by large investors is a common occurrence, so diversifying investments is crucial.
28. The rise and fall of indices are not random; they are much simpler than lottery patterns, and proper analysis through screenshots is crucial!
29. Any coin that has led in rising will lead in falling.
30. Avoid excessive conversions in buying and selling; don’t act hastily when undecided; maintain a steady approach.
31. A sudden surge in trading volume with stable prices is a signal of nearing the top; at this time, 'exiting is the best strategy.'
32. The longer it hovers at a low level, the larger the upward potential; a 30% rise has over a 70% chance of occurring.
33. To judge growth or decline, it’s essential to look at how it aligns with the zeitgeist, as policies pose the greatest risk, but are still necessary.
34. Trading volume is like a pulse; it can indicate whether something is wrong.
35. Choosing which coin to buy is less important than choosing a good timing; being able to sell is a hundred times stronger than just being able to buy.
36. Don’t put all your capital into one investment.
37. Avoid thinking that a low price means high potential; once it reverses, it may be difficult to sell and the drop could be significant.
38. Buying coins with slightly lower potential for profit at lower prices may be more cost-effective than purchasing coins with slightly better profit potential.
39. Without considerable experience, never engage in buying long or short trading, as it can frequently leave you battered.
40. Setting long-term investment goals and principles is the primary issue.
41. Market fluctuations have identifiable patterns; mastering these patterns will ensure victory in battles.
42. A gradually shrinking rise and a declining trading volume are clear signs of approaching the top.
43. Experience shows that technical factors generally affect the market for a shorter period, about one-third the duration of fundamental factors.
44. Preventing being stuck at high prices is the most important lesson for beginner retail investors, so practicing with low positions is crucial.
45. If it should rise but doesn't, it’s reasonable to be pessimistic; if it should fall but doesn’t, it’s reasonable to be optimistic.
46. Fundamental analysis can tell you which coins have intrinsic value, while technical analysis tells you the best timing to exploit them.
47. The funds in the market always flow in the most advantageous direction.
48. Lower-priced coins tend to have larger fluctuations than higher-priced ones.
49. Buy when you can, sell when you should, stop when you need to, prioritize safety, and be cautious; rashness leads to loss, and greed leads to poverty.
50. Short-term fluctuations in the market have no real correlation with long-term performance.
51. Understand the 'Sunday Theory'; many coins tend to rise today.
52. Robots should still be bought, as they react faster than human brains.
53. The same coins may have different price fluctuations and cycles on different exchanges, so choosing a good exchange is very necessary.
54. New coins are often the best short-term choices.
55. It’s best to allocate a combination of major international coins and altcoins.
56. Major coins tend to drop steadily, while altcoins fluctuate greatly, providing more opportunities.
57. During rapid growth, try not to operate.
58. It’s better not to go all in; it’s best to hold half or leave 1/3 of your chips to average down.
59. It’s essential to understand the operational status of the team or foundation; if necessary, discuss it with someone you consider the least knowledgeable for their opinions.
60. Don't buy too many popular coins, as they often rise quickly and fall just as fast.
61. Do not go all in on one coin; try to diversify.
62. Trading volume can indicate market changes; when trading volume begins to increase, it warrants attention—either sell or bet.
63. What you hold must eventually be sold; not selling is foolish.
64. The highest or lowest prices during market fluctuations often become the peak or trough; crossing this barrier could either lead to a rocket or a waterfall.
65. Following trends is about filling pockets.
66. It’s best to choose those with promising prospects but low heat; they are easier to profit from.
67. Experts usually create a plan where each step is clearly outlined, and the rest is strictly executed according to requirements.
68. The basic routine of institutions: building positions, testing the market, boosting prices, washing out, and unloading.
69. A sudden increase in volume generally indicates two possibilities: either the market maker is protecting the price, or institutions are buying in. At this point, one should follow the trend.
70. After stepping up a level, there’s usually a washout; getting off at this time might mean waiting a long time for the next bus.
71. Getting rich from 10 yuan in the cryptocurrency market is not impossible; luck is also a key factor.
72. Meeting a large correction is an opportunity to buy a little.
73. Don’t overestimate the intelligence of big players; many operations are just showcasing their limits.
74. Before making small profits, progress gradually and avoid playing with large amounts of money.
75. Chasing high prices for coins carries significant risks; beginners should treat these coins as if they don't exist.
76. Newbies must avoid chasing after rising prices; it’s better to miss out than to rush in.
77. Be cautious of coins that are too small and only trade on one exchange.
78. Starting with free entry but later charging various types of fees is generally an indication of a pyramid scheme; it’s advisable not to join.
79. If it hasn’t launched and has already multiplied many times during the fundraising period, it’s advisable not to participate.
80. Arbitrage is a relatively low-risk and easy way to make money.
Three, mindset section.
81. Small profits often delay big trends; don’t let small fluctuations confuse you about the larger direction.
82. At any time, the most trustworthy thing is oneself; walking your own path is crucial.
83. When in doubt, cease action; this indicates the market is still unclear.
84. Being a step ahead may ensure victory.
85. There are no coins that only rise or only fall; opportunities always exist, and the key lies in your mental price point. Regret is useless.
86. Develop a strong body to withstand the shocks of large price swings.
87. The secret behind buying and getting stuck is related to the traders’ operations, as they continually study the psychology and behavior of retail investors.
88. Trading cryptocurrencies is trading numbers; never establish a relationship with money. If you do, you will definitely lose.
89. Market changes are very fast; bullish changes within 10 minutes are normal. Maintain a balanced mindset.
90. Those who cannot withstand fear will miss out on greatness; courage, courage, still courage.
91. Patiently waiting for coins that have built positions at a high level to become genuine blue-chip stocks is the true mindset.
92. The desire to make money quickly is a big taboo for cryptocurrency participants.
93. Remember that the power of compound interest is the greatest.
94. The definition of retail investors is chasing highs and cutting losses, believing rumors, and having an anxious mentality.
95. Listen less to tips and think more.
96. Do not estimate the market using your financial capability; decisions should not be influenced by how much you gain or lose. In this industry, what you hold is just fluff.
97. You may be very impressive in business, but that does not necessarily apply in the cryptocurrency world.
98. Experience can cultivate inspiration, but inspiration cannot solely rely on experience.
99. There are no free lunches; set a loss limit that you can tolerate.
If you want to seize this bull market, learning and applying it on the spot will definitely be too late; it’s best if someone can guide you quickly.
I mainly focus on being a lively blogger.
Teaching a man to fish is better than giving him a fish.
Keep an eye on: FUN HAEDAL CETUS.
#美国加征关税 #巨鲸JamesWynn动态 #Strategy增持比特币