Whether in a bull market or a bear market, whether you are a novice or an experienced trader, as long as you apply these [10 Iron Rules for Trading], achieving a 30-fold return in a month is not a fantasy!
Iron Rule 1: Identifying Trend Reversal Signals
In a downtrend, if there are more than three consecutive bullish candles rebounding, or if the bearish candles in an uptrend do not exceed three consecutive bears, this may be a warning signal for a trend reversal that requires close attention.
Iron Rule 2: Guidelines for Breakout Trading
In a fluctuating market, an increase in volume while prices stabilize often leads to a major breakout. In practice, you can wait for a pullback at lower prices, and when two consecutive bullish volumes exceed previous bearish volumes, you can enter early to seize the opportunity.
Iron Rule 3: Holding Strategy in Strong Markets
The holding strategy in a strong market is simple: as long as the daily line does not fall below the rising moving average, hold firmly. Do not be disturbed by technical indicators, especially in a high-level exhaustion state, to avoid exiting too early.
Iron Rule 4: Techniques for Analyzing K-Line Combinations
A medium bullish candle paired with two doji stars typically indicates a continuation of the uptrend, which is also a typical bullish pattern for strong cryptocurrencies; once discovered, you can actively follow up.
Iron Rule 5: Unconventional Market Psychology
The market often runs counter to the views of the majority. Smoke screens released by the main force and market tops often appear when everyone is optimistic, so it is crucial to maintain independent thinking and contrarian thinking.
Iron Rule 6: Key Points for Using the KDJ Indicator
When encountering consecutive large bearish candles, if the KDJ's J line is less than -12, it indicates that a short-term rebound is about to arrive. At this point, do not rush to act; wait for the rebound to appear before making a judgment to avoid blind bottom fishing.
Iron Rule 7: Key Features of Bullish Breakouts
During an upward breakout, a turnover rate of around 8% for bullish candles is considered a healthy attack volume. If the turnover rate is too high or too low, it may trigger a pullback, so be cautious.
Iron Rule 8: Core Principles of Risk Control
Never operate with a full position; always leave some room. Market risks are everywhere, and acting cautiously can give you room to correct mistakes and protect your capital.
Iron Rule 9: Essential Mindset for Emotional Control
When trading cryptocurrencies, maintain a calm and rational mindset, and treat market fluctuations correctly. Never let emotions influence your decisions; a stable mindset is essential for long-term success.
Iron Rule 10: The Path to Learning and Growth
Don't work in isolation; communicate and share with other traders. Even if the other party's opinions are wrong, they are valuable experiences on your growth journey. Mutual progress is key to stability in the crypto space.
The above 10 iron rules have been validated by my own real investments in the market. I recommend everyone study them repeatedly and keep them in mind. I believe that as long as you master them, your trading skills will improve significantly!