I was once a rookie myself, charging into the cryptocurrency world, chasing highs and lows. The result was that I borrowed courage and luck, and the hard-earned money I made was ultimately lost due to my fragile strength.
I once followed so-called cryptocurrency teachers, doing contracts and learning technical analysis. At very critical points, I followed the teacher to short Bitcoin contracts, and nearly all was lost! I ultimately realized that choosing the wrong guide and not systematically learning spot trading led me down many unnecessary paths! Without solid professional skills and mindset, and without mastering the rules of the cryptocurrency world, it is very difficult to achieve sustained and stable profits through trading.
After a lot of twists and turns, I ultimately chose to systematically study natural trading theory, and also learned data analysis in the cryptocurrency space, combining volume and price relationship analysis. I finally established a three-dimensional integrated trading system suitable for myself, which is continuously being improved and practiced.
Ten years in the cryptocurrency world, six years of professional trading, over 3,100 days. Grew from 100,000 to 10 million. I’ve engaged in long-term, short-term, ultra-short, and swing trading; I've tried almost every type of method, so I have a say in this matter.
I always say that mastering a skill requires the 10,000-hour rule. With 8 hours a day and over 200 days a year for review, it takes about 5 years, which is just the foundation for stable profits. There will definitely be big pitfalls within 10 years, so to be safe, do not put your principal beyond your capability within 10 years.
Many experts who have traded from tens of thousands to hundreds of millions only used large multiples in contracts, and many of them have perished in a bear market, but you just don't know it. Human nature, in the face of a big trend, often leads to the loss of the ability to make correct judgments.
Before the big bull market arrives, in order to help more new rookies avoid the mistakes I made and seize the rare opportunity of a bull market, I specifically wrote twelve guiding principles for novice traders, hoping to help newcomers grasp some trading patterns and principles, avoid unnecessary paths and traps, and accelerate the realization of stable profits.
Back to the point, I welcome new rookies to carefully read, understand, and practice the following principles of trading coins, and feel free to communicate with me.
There are many ways for rookies to navigate the cryptocurrency world, and there are definitely a few methods suitable for you right now:
You have assets of 1 million yuan and decide to use 700,000 yuan to buy a cryptocurrency.
On the first day, this coin dropped by 1%, and you lost 7,000 yuan, but you didn't care, believing that the coin price would eventually rebound.
The next day, the coin price dropped another 3%, and you lost nearly 20,000 yuan, still firmly believing it would rebound.
On the third day, the coin price rose by 2%, recovering about 10,000 yuan of your loss, and your mood improved slightly, feeling that everything was under control.
On the fourth day, the coin price suddenly plummeted by 20%. You lost 140,000 yuan and began to feel anxious, hoping for a rebound the next day.
On the fifth day, the coin price rebounded by 5%, and you breathed a sigh of relief, feeling that trading coins still has patterns to follow.
On the sixth day, the coin price rose again by 1%. Although the increase was small, at least there was hope for breaking even, and you felt satisfied.
On the seventh day, the coin price rose by another 1%, and you began to look forward to future trends.
On the eighth day, the coin price continued to rise slowly, but you remained optimistic, believing that one day it would return to your cost.
On the ninth day, the coin price suddenly dropped by 30%, and you began to panic, doubting whether you had chosen the wrong coin.
On the tenth day, the coin price dropped again by 10%, and you felt angry and disappointed.
On the eleventh day, the coin price entered a consolidation period. You saw someone online calling it a bottoming signal, believing that the market was accumulating momentum and firmly believed that the coin price was about to rebound.
In the following week, the coin price continued to consolidate. You went online to learn more about cryptocurrency, believing this is the 'primary accumulation phase', so you continued to hold your coins.
A month later, not only did the coin price not recover, but it continued to drop by 20%. You started to feel numb, thinking that if you could just break even, you'd decide to withdraw your funds and distance yourself from cryptocurrency.
But things did not go as hoped; the coin price continued to drop, and at this point, you finally understood the concept of stop-loss. You struggled with inner pain, not knowing whether to liquidate or continue holding.
At this moment, a friend of yours tells you that a new coin has surged by 200% recently and shares his 'leading strategy'. You believe him, sell the coins in your hand, and tell yourself to wait until you make enough money on the new coin before coming back to buy more and hold long-term after breaking even.
Come on, I am Xiao Qi, a veteran who sincerely wishes you to get rich in the cryptocurrency world.
Keep an eye on BTC, ETH, and BNB.
Bulls have their strategies, and bears have their plays.
Xiao Qi will not let fans face liquidation, nor will he blindly open positions.
It's all about seeking victory with stability, steady progress; those who want to make profits should follow Xiao Qi's lead!