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How to turn 100,000 into 20 million? My comeback journey!
Hello everyone, I was born in 1988, and my name is Instructor. I accidentally came into contact with the cryptocurrency trading industry in 2015. At first, I lost hundreds of thousands, just like gambling. But later, I began to study seriously, searching for information everywhere, learning relevant knowledge, and continuously improving my abilities. After several years of ups and downs, I finally迎来了转机 in 2024. I started my comeback journey. In just over two years, I turned 100,000 into an eight-figure sum!
Core Principles - Three 'Don'ts' of Cryptocurrency Trading:
Avoid buying during price surges: When market sentiment is high, prices are often inflated. Instead, buy during market corrections or downturns, taking advantage of the market's fear to acquire low-priced assets.
Diversify risks: Don't put all your funds into one cryptocurrency. Diversified investments can spread risks; even if one cryptocurrency performs poorly, it won't deal a fatal blow to your overall investment.
Control position size: Over-leveraging limits your flexibility. Keeping a certain amount of cash reserves allows you to quickly adjust your strategy when market trends don't align with your expectations.
Six Short-term Trading Tips:
New highs often follow consolidations at high levels, while new lows often follow consolidations at low levels: High-level consolidations usually indicate a new round of rises, while low-level consolidations might lead to further declines. Wait for a clear trend before acting. $ETH
Don't trade during sideways markets: When the market lacks a clear direction, the best practice is to wait and see until the trend becomes clear. $BTC
Buy on bearish candles, sell on bullish candles: A contrarian strategy, buy when the market is generally bearish, and sell when the market is generally bullish to reduce the risk of chasing prices. #CryptoCircle
Determine rebound strength based on the speed of decline: Rapid declines are often accompanied by quick rebounds, while slow declines may lead to more moderate recoveries. #CryptoCircleFortune
Pyramid-style accumulation: Gradually increase your holdings, especially buying more when prices drop to reduce costs and lay the groundwork for future profits. #Bitcoin
After continuous rises and falls, there must be consolidation: Long-term price movements will go through a consolidation period with smaller price fluctuations. At this time, it’s not advisable to rush in and out; wait for the next trend signal. #特朗普马斯克分歧