I used the dumbest method to trade cryptocurrencies, going from 100,000 to 20 million! Purely relying on a 'dumb method'!
An 'old hand' with 8 years of experience in the crypto world. Three houses, a net worth of tens of millions, sharing a decade's worth of experience for free!
Tip 1: A bull market is not an ATM; greed is a landmine!
When the market is good, there are opportunities everywhere, but if you want to chew every bit of profit, you'll end up with nothing! I stick to one trick: focus on one sector and hold onto the main upward trend! As long as you bet right on one or two coins, the benefits of a bull market will be securely in hand, which is a hundred times better than blindly messing around!
Tip 2: These hard rules are lessons learned with real money!
• Don't chase the old, focus on the new: trading cryptocurrencies is about the future; no matter how nostalgic you are about old coins, they can't compare to new hot spots!
• Be cautious with contracts: if you really want to play, don't leverage more than 5 times, and your stop-loss line is more important than your mother; holding onto losing trades is digging your own grave!
• The truth about altcoins: they soar in a bull market and crash in a bear market; you must cash out and run at the end of a bull market!
• Good news traps: rush in before the news breaks, but withdraw quickly after cashing out; don't be the one caught holding the bag!
• Bear market survival rules: don’t lie flat, but don’t be overly eager either; if the market hasn’t arrived, just stick to the basics!
Tip 3: If you don’t manage your money, no matter how much you earn, you’re just working for the market!
• Diversification is key: three sectors are enough, with two coins in each sector—stable leaders and potential high-yielders!
• Don’t go all in: don’t gamble or be greedy; take profits when they come, immediately stop-loss if the trend reverses, and it’s smarter to admit defeat than to stubbornly resist! Remember, in the crypto world, you earn money through understanding, not luck!
Tip 4: Timing is 100 times more useful than technical analysis!
Open positions boldly at the end of a bear market, aggressively increase positions at the beginning of a bull market, and decisively exit in the late bull market! The market is always cyclical; the key is to act against human nature—buy when others are afraid, and sell when others are shouting 'full throttle'!
Newcomers, don’t always think about getting rich overnight; first, learn to survive in this market! Remember, those who survive until the end in the crypto world are the winners; understanding cycles is much more useful than stubbornly sticking to K-lines!
For those who want to learn, check out my homepage, and you will get the latest crypto intelligence and trading skills.