I have been trading cryptocurrencies for more than 10 years. I suffered huge losses in the first three years and was in debt of 5 million. After self-adjustment, I have achieved financial freedom in the last 6 years, with stable compound interest, a monthly income of 7 figures, and an annual income of 8 figures!
If you are currently losing money on cryptocurrency trading, take a few minutes to read this article and you will find the answer!
Please first take a look at my tearful self-reflection after I lost 8 million yuan and was in debt: I realized one thing: there is only one kind of person who gets rich by speculating in cryptocurrencies!
One day in the cryptocurrency world is like one year in the stock market. People who are addicted to cryptocurrency trading will no longer have any interest in stock trading. The all-day trading and unlimited price fluctuations of cryptocurrency trading satisfy many people's dreams of getting rich overnight. This is one of the reasons why virtual currency is the most popular. This is also the reason why losses in the cryptocurrency world have become a very normal phenomenon.
It is better to teach a man how to fish than to give him a fish. Whether a novice or an expert, cryptocurrency investors can gain not only financial gains but also growth in investment knowledge and experience.
During the investment process, it will not only provide investors with market analysis ideas, basic knowledge of market analysis, and methods of using various investment tools, but also bring you wonderful interpretations of fundamentals, sorting out the chaotic international situation, and identification of various investment forces.
Let you become both a winner and an expert in investment!
Success is not accidental, and opportunities are reserved for those who are prepared. Follow the official account (Crypto Chief Instructor). A captain who is good at medium- and short-term arbitrage is here. In the future, no matter what the market is like, I will accompany you all the way. There is a dumbest way to speculate in cryptocurrencies, which allows you to keep "earning forever" and make 30 million!
At the end of last year, I started playing with 200,000 yuan, and now I have 20 million yuan, easily making a hundred times profit (suitable for everyone). I am still using this method until now, it is efficient and very stable.
Don't worry about whether you can learn it or not. If I can seize this opportunity, you can too. I am not a god, just an ordinary person. The difference between others and me is that others ignore this method. If you can learn this method and pay attention to it in the later trading process, it can help you earn at least 3 to 10 points more profit every day.
First, the first step is to add the coins that have been on the list of rising prices within 11 days to your favorites. However, it should be noted that coins that have fallen for more than three days need to be excluded to prevent funds from taking profits.
Step 2: Open the K-line chart and only look at the coins with MACD golden cross at the monthly level.
Step 3: Open the daily K-line chart. Only look at the 60-day moving average here. As long as the price of the currency pulls back to near the 60-day moving average and a large-volume K-line appears, enter the market with a heavy position.
Step 4: After entering the market, use the 60-day moving average as the standard, hold on to the price above the line, and sell when the price is below the line. There are three details in total.
1: When the band's increase exceeds 30, sell one-third of it.
2: When the price rises by more than 50%, sell one-third of it.
3: The most important thing is also the core that determines whether you can make a profit. That is, if you buy on the same day and some unexpected situations occur on the second day, and the currency price directly falls below the 60-day moving average, then you must exit the market completely and don’t have any fluke mentality. Although the probability of falling below the 60-day line is very small through this method of selecting currencies by combining the monthly line with the daily line, we still have to have a sense of risk. In the currency circle, the most important thing is to protect the principal. However, even if you have already sold it, you can wait until it meets the buying point again and then buy it back.
In the final analysis, the difficulty in making money is not the method, but the execution. "When the price of the currency directly falls below the 60-day moving average, you must leave the market completely and don't have any fluke mentality." This sentence alone killed 90% of people.
There is no doubt that everyone's original intention of coming to the cryptocurrency circle is the same. If you just want to have fun and kill time, then this place is not suitable for you.
After ten years of ups and downs in the cryptocurrency world, from huge losses to rich returns, I have summarized the following cryptocurrency trading disciplines and experiences
Every investor who comes to the cryptocurrency circle will experience major losses, liquidation, and profit-to-loss in his trading career. There is only one kind of people who make a fortune in the cryptocurrency trading army, and that is those who have experienced bankruptcy and then summed up their experience with a big mentality. If you have not experienced liquidation and major losses, you will never know what stop loss is; if you have not experienced profit-to-loss, you will never be able to experience the change of mentality from one thought to heaven to one thought to earth.
1. Avoid highs and go for lows, don’t chase the rise. Stay calm about the fluctuation of the currency price, let it rise and fall freely, and don’t be easily tempted.
2. There is no absolute coin, only timing matters. If you choose the right time to buy, it is a good coin; otherwise, no matter how popular the coin is, it is nothing. Patiently waiting for the best time and investing in potential coins is the right way.
3. Attitude is king, restraint is paramount. Knowing that it is not a good time to buy but still wanting to buy is a taboo in cryptocurrency trading. Only with a stable mentality can you control the market.
4. Analyze calmly and ignore emotions. Do not favor any currency, just act based on market signals. Those with strong skills and sufficient funds should be more flexible in their operations, regardless of the timing.
5. Self-reflection comes first. The market is innocent. All mistakes are due to one’s own fault. Quickly learn lessons and avoid repeating the same mistakes.
6. Both technology and mentality are important. Blindly following the trend is foolish, and only wisdom and insight can reveal the truth.
7. The size of the capital is not the key, the strategy execution determines the outcome. Buy and sell accurately, and you will be the "wolf" in the market.
8. Keep calm and operate. With funds in hand, why worry about not having good money?
9. The market will not tolerate your luck. Only by making a radical change can you defeat the market.
10. The desire for quick success and instant benefits is the biggest enemy of cryptocurrency trading. Only by controlling the inner demons can you gain a long-term foothold. Investors often become playthings of the market because of their unbalanced mentality and become puppets of longs and shorts.
11. Good habits are the foundation of survival in the cryptocurrency world. Temporary gains may be a fluke, but long-term survival depends on good habits. Opportunities are always there, and the ability to grasp them determines success or failure.
12. Cryptocurrency trading is not gambling. Only by making long-term profits can you show your true skills. The best strategy is to be cautious and take every step carefully.
13. Only by patiently nurturing coins can you achieve great success. Frequently changing coins will make it difficult to achieve great success. Only by focusing on one area and working hard can you accumulate small victories into big ones.
14. Follow the market and dance with it. Only by grasping the rhythm can you be at ease. Abandon greed and fear, listen to the voice of the market, and no one can stop you.
15. Cryptocurrency trading is like spiritual practice, you need to be clear about the natural law and human desires. The buying and selling points are the combined force of the market, and only by following the rules can you proceed step by step.
16. The magic of compound interest cannot be ignored. With a good attitude and technology, compound interest will come naturally, and the wealth snowball will grow bigger and bigger.
17. The market is ruthless, both ups and downs are fierce. Based on technology, you should take action when it is time to take action. Missing the selling point is also a mistake.
18. Sell high and buy low, cost is king. Don’t predict, just respond. Build positions at a large level, adjust positions at a small level, reduce costs, and win.
19. Be cautious in good times, the market is risky. If the currency is not converted into cash, it is nothing but floating clouds. Chasing the rise and selling the fall is tantamount to digging your own grave.
In the cryptocurrency world, risks always coexist with opportunities. Only by staying vigilant at all times can you avoid being eliminated by the market.
The above is the trading experience that Tianyan shared with you today. Many times, you lose a lot of opportunities to make money because of your doubts. You dare not try, contact, and understand boldly. How can you know the pros and cons? Only when you take the first step, you will know how to take the next step. A cup of warm tea, a suggestion, I am both a teacher and a friend who is good at talking to you!