Brothers and sisters! I am a tycoon, I’ve been in the crypto world for a decade! From entering with 10,000 to today’s assets exceeding nine figures (1.1 small goals, you know what I mean), the pits I’ve stepped in, the tears I’ve shed, and the money I’ve earned are enough to write several books! To be honest, surviving in this merciless market and thriving is all thanks to these ten 'life-saving charms' and 'treasure troves' that I've traded with real money! Today, I’m sharing them all with you without holding back, every word is from the heart, and you will definitely gain insights after reading!
(1) Let me tell you a true story: even the big players can flip!
Once while having tea, I met a true big player in the circle, and one sentence made me break out in a cold sweat: he once lost 50 million on a contract in three days! Just thinking about it makes me tremble! What about me? I've also had ups and downs, starting from 50,000, surging to over 10 million during the bull market, and dropping back to over 2,000 (yes, two thousand, you heard that right), but now I’ve stabilized. Next bull market? My goal is to multiply that again! Why can I keep getting back up? The key is: there are rules! My win rate can remain above 90% over the long term, and the secret is very simple: in one year, I reached eight digits, all thanks to 'one trick' - only trading patterns I understand and have high certainty. No opportunity? Absolutely don’t trade! Patience is worth more than gold!
(2) The 'Ten Iron Rules for Survival' that are essential, each one is life-saving!
These ten rules were learned through my painful experiences, every word is invaluable, I suggest you write them down by your trading screen!
Money should be 'divided'!(Capital management is the foundation)
Don't go all in right away! Divide your money into 5 parts, and only use 1/5 to 'test the waters' each time. Moreover,Each trade's loss should not exceed 10%, and total capital loss must absolutely not exceed 2%Think about it, even if you hit a streak of 5 wrong trades, your total money only shrinks by 10%. But as long as you catch one big opportunity, you can earn back everything with interest and even more! This is leaving yourself enough room to turn things around.Don't argue with the market! (Go with the trend)
Don't get itchy hands and try to catch the bottom when it drops! You think it’s at the bottom? There may well be a basement below! 90% of 'catching the bottom' ends up with you getting caught in a falling knife! Control your hands!
Don't easily throw away when it rises! You think it has risen enough to sell? It might just be a golden pit, just taking off! 'Buying low' is a thousand times safer and more reliable than 'catching the bottom'!
Exploding 'demon coins'? Keep your distance!
No matter whether it’s mainstream or altcoin, those coins that multiply several times or dozens of times in a short period are rare! The vast majority will stop rising after a while, and it’s great if they don’t fall. Don’t be envious of others profiting; be careful not to enter and end up being stuck!Technical indicators are 'tools', don’t treat them as 'holy orders'! (Use technical indicators wisely)
Is MACD reliable? A bit! For example, if the fast line (DIF) crosses above the slow line (DEA) below the zero axis, and then both climb above the zero axis, this could be an entry signal. Conversely, if the fast line dies below the slow line above the zero axis, we should consider whether to withdraw part of our position.
Adding positions? Rules must be strict! Absolutely, definitely do not add positions to losing trades! That’s pushing yourself into the fire pit! Only for profitable trades can you consider adding some more.
Trading volume is the 'electrocardiogram' of the market!
Seeing a coin suddenly break through the resistance level with high volume at a low point? Pay close attention! This could be a signal for the market to start!
Only trade coins in an 'upward trend'! How to judge? Look at the moving averages! If the 3-day, 30-day, 84-day, and 120-day lines all start to turn upward, the trend is basically set! Follow the trend for a high probability of profit.
Look back every day!(Review and adjust)
Completing a trade is not the end!Be sure to review!Think about why you bought initially? Is the logic still valid? Look at the weekly chart and combine it with the latest situation to adjust your future trading plan flexibly.
(3) The 'Six High-Pressure Lines' that must be ingrained in your bones!
Only pick 'big ships sailing with the wind'! Only trade those opportunities that are clear in trend and surging upward. The market is huge, don't stubbornly stick to your views, admit mistakes when necessary, and turn around when needed! Only act when you are confident.
Don't be a 'model worker', be a 'sniper'! The market is open 24 hours, but that doesn't mean you should trade non-stop! Pull the trigger only when you're sure! Blindly opening positions is just giving away money. Waiting for the perfect 'hunting moment' is the most important.
Don't let 'indicators' fool you! All technical indicators have delays! For example, if the MACD gives a golden cross telling you to buy, the price has often already risen to some extent, and you might just be the last one to buy! Use indicators only as a reference, don't be superstitious!
Forget your 'cost price'! After buying, whether to sell or hold, only look at what the market is like now and what it might be like in the future! Whether you made a profit or a loss when you bought has nothing to do with your current decision! If the pattern is good, hold on; if the pattern worsens, even if it’s a loss, you have to run (there's a stop-loss safety net)!
Only play with 'money you can afford to lose'! Trading should use spare money! Never borrow money to gamble your fortune! Once you've truly grasped the method and can make steady profits, then consider increasing your investment. This is a prerequisite for survival!
Making money? Quickly put it in your pocket! Money that hasn’t been withdrawn is just a number! It's the same principle as chips in a casino! After making money, you need to regularly withdraw a portion to secure your gains! This is a winner's habit and the key to holding on to your achievements!
(4) The three major tricks of big funds 'cutting leeks', you need to guard against!
Those big players holding huge sums love to exploit our retail investors' emotions to 'cut leeks':
The 'roller coaster' in the market: See a coin jumping up and down? Be careful! This is likely large players 'shaking their pockets' to scare off indecisive retail investors. If everyone rushes in to buy during the fluctuations, the chance of a big drop afterward is very high; if people panic and sell, it might actually go up! It's all about psychological warfare.
Chasing highs and cutting losses: Are you afraid of missing out when it rises and afraid of being trapped when it falls? This mindset is the easiest to exploit. In the morning, the price is pushed up to lure you in, and in the afternoon, it crashes! In the morning, a big drop scares you into cutting losses, and in the afternoon, it goes back up! Rather than chasing prices, learn to identify the big trends.
News interpretation: Good news or bad news? The big players decide! What you think is good news, they can use to offload (rising and then running); what you think is bad news, they can interpret as 'bad news is all out', and then buy back. In short, they operate on 'while you panic, I am greedy; while you are greedy, I flee', using emotions to the fullest!
(5) Heartfelt words
Ten years in the crypto world, what storms haven't I seen? Each of the 'iron rules' above is a lesson I've paid for with real money, and the strength to tackle three small goals in the next bull market! There are no shortcuts to success in trading, but if the direction is wrong, all efforts are in vain! Understand, comprehend, and execute well these ten iron rules and six high-pressure lines, and you will definitely avoid pitfalls and make more money in the crypto world! Don't ask me if it's feasible, the question is 'opportunity is reserved for those who are prepared'!
"Brothers, the gold rush in the crypto world! I’ve stepped into 50 million pits and also earned nine-figure sums! Want to avoid losing money while eating well? Follow me! My 'Ten Iron Rules' are your golden bowl! 🍖" If you want to delve deep into the crypto world but can't find direction, click my avatar to follow me for first-hand information and in-depth analysis!