How to turn 100,000 into 20 million? My comeback journey in the crypto world!
Hello everyone, I am Brother Jie, born in '88. I accidentally came across the cryptocurrency trading industry in 2015. At first, I was like gambling, searching for information everywhere, learning related knowledge, and continuously improving my skills. I lost hundreds of thousands. But later, I began to study seriously, and after several years of ups and downs, I finally welcomed a turning point 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 in Crypto Trading:
Avoid buying during price surges: When market sentiment is high, prices are often inflated. Instead, buy during market corrections or declines, taking advantage of the market's fear to acquire assets at low prices.
Diversify risk: Don’t put all your funds into one cryptocurrency. Diversified investments can spread risk, so even if a particular cryptocurrency performs poorly, it won't deal a fatal blow to your overall investment.
Control position size: Full position trading can limit your flexibility. Keeping a certain amount of cash reserves allows you to quickly adjust your strategy if the market trend does not align with your expectations.
Six Rules for Short-term Trading:
New highs often follow high-level consolidation, and new lows often follow low-level consolidation: High-level consolidation usually signals a new round of price increase, while low-level consolidation may lead to further declines. Wait for trends to become clear before taking action.
Do not trade during sideways markets: When the market lacks a clear direction, the best approach is to wait and see until the trend is clear.
Buy on bearish candles, sell on bullish candles: This contrarian strategy involves buying when the market is generally bearish and selling when the market is generally optimistic, reducing the risk of chasing prices.
Assess rebound strength based on the speed of decline: Rapid declines are often accompanied by rapid rebounds, while slow declines may lead to more moderate recoveries.
Pyramid-style position building: Gradually increase your holdings, especially increasing buying intensity when prices fall, reducing costs and laying the foundation for future gains.
After continuous rises and falls, there will definitely be a consolidation: Long-term price movements will undergo a consolidation phase, characterized by smaller price fluctuations. At this time, it is not advisable to rush in and out; wait for the next trend signal.
Follow Brother Jie and eat nine meals a day! You choose how much you earn, but I only give the opportunity once. Those who want to get on board must hurry; don’t wait until others have made their gains and then regret it!
The market waits for no one; hesitation means missing out!
