This is how I survived when I was confused in the cryptocurrency circle. Listen to me carefully! In the first few years when I started trading in the market, I was like many people. I stayed up late every day to watch the market, chase the ups and downs, and couldn’t sleep because of the losses.
Later, I gritted my teeth and insisted on using only a stupid method. I actually survived and gradually began to make a stable profit. In two years, I used this stupid method: I made more than 20 million from 100,000!
Looking back now, this method is stupid, but it works: "If there is no signal I am familiar with, I will not move!
I would rather miss the market than place random orders.
Thanks to this iron rule, my annual income rate is now stable at more than 50%, and I no longer have to rely on luck to survive. Here are some tips for beginners, all of which are my experience from actual losses:
1. Make orders after 9pm
There is too much news during the day, with all kinds of false positives and false negatives flying around, and the market is jumping up and down like a convulsion, and it is easy to be deceived into entering the market. I usually wait until after 9 o'clock in the evening to operate, when the news is basically stable, the K-line is cleaner, and the direction is clearer
2. Put the money you earn into your pocket immediately
Don't always think about doubling your money! For example, if you win 1,000U today, I suggest you withdraw 300U to your bank card immediately, and continue playing with the rest.
3. Look at the indicators, not the feelings
Don't make orders based on your feelings, that's blind.
Install TradingView on your phone and check these indicators before placing an order:
MACD+: Is there a golden or dead cross?
RS1+: Is there overbought or oversold?
Bollinger Bands +: Is there a narrowing or breakthrough?
At least two of the three indicators give consistent signals before considering entering the market.
5. Must go out every week
The g that is not withdrawn is all a digital game!
I transfer 30% of my profits to my bank account every Friday without fail, and I continue to roll over the rest. In this way, my account will become thicker and thicker in the long run.
6. There are some tips for reading K-line
For short-term trading, look at the 1-hour chart: if the price has two consecutive positive lines, you can consider going long
If the market is sideways, switch to the 4-hour chart to find the support line: consider entering the market when it falls near the support level.
7. Don’t step on these pitfalls!
The leverage should not exceed 10 times, and it is best for beginners to control it within 5 times
Don't touch Dogecoin, Shitcoin and other fake ones, they are easy to be harvested
Do no more than 3 orders a day. Too many orders can easily lead to losing control.
Never borrow money to trade cryptocurrencies!
From the bottom of my heart! For the confused retail investors in the cryptocurrency circle who are losing money, how to quickly open up the situation (personal experience)
Cryptocurrency trading is actually very bloody. One profit, two draws, and seven losses
It is the only unchanging truth in this market.
If you are currently in a loss and confused stage
And the capital is less than 500,000 yuan,
Want to quickly open up the market in the cryptocurrency circle through short-term trading
Then please read this post carefully
I believe after reading this, you will suddenly understand the nature of trading.
1Control your desires and integrate knowledge and action
Everyone in the world is greedy, angry, and ignorant. When the market is rising, they always want to make more money. When the market falls, they start to play dead and are unwilling to admit defeat.
After finally getting out of the trap, I became a cowherd. In this market, if you don’t have principles, you will definitely be influenced by the dealer and your own emotions.
My principle is that each loss should not exceed 5% of the principal, and if there is a profit, it should be at least 10-30%. Once the profit is more than 20 points, at least make sure that the transaction does not lose money. In this way, even if your winning rate is only 50%, 100 times, your profit will reach 800%.
Is it difficult? What is difficult is human greed and fear, and the unity of knowledge and action.
2. Focus on investment and learn to short positions
The biggest pain point of retail investors: not knowing how to short position, covering position when weak, having less principal and more coins, holding on to losses, no more than 3 coins below 500,000, and no more than 5 coins above 1 million. Those with large-scale moving average systems going downward, weak and not in the mainstream track should be removed. It may take a lot of courage for you to admit your mistakes, but admitting your mistakes is the beginning of our success.
The one who knows how to buy is the apprentice, the one who knows how to sell is the master, and the one who knows how to short sell is the ancestor.
When the market is not good, you must be able to control your hands. And when you are really optimistic, you must dare to hold a large position. In fact, most of the profits in the investment market come from a few good coins.
My 60% fund holdings never exceed 5 (BTCISOLETH/BNB/Dogcoin), even in a bull market. 20% is used to rotate leading coins in the bull market sector, and the remaining 20% is always empty and waiting.
3 Volume and price are the only indicators that do not deceive people
Return to the basics and grasp the volume and price, which is enough to make you outperform 80% of traders
A breakthrough in volume by multiple often means the intervention of funds, and generally there will be a big market. 0.5 times the volume is an obvious shrinkage, a new high in shrinkage, which shows that the main force has a high degree of control over the market. The possibility of the main force selling can be ruled out. In the upward trend, there is a high probability of making money.
If the currency's increase exceeds that of the previous day, and the volume ratio is less than 1, it means that there is still a large room for growth, and the probability of another increase the next day is very high. Of course, on the other hand, if the volume is 1.5 times, and it encounters resistance at a certain resistance level, it often means that the stage has reached its peak. The study of volume must be coordinated with the price to understand the long and short forces, and to grasp the essence of volume and price.
4. A sharp drop is a touchstone for testing a currency.
A sharp drop in the market during a bull market means an opportunity to buy at the bottom, and it is also a good time to select coins. If the market plummets, but your coin falls slightly or even does not fall, it is obvious that funds are holding together and refusing to fall, so you can rest assured to hold this coin, which will definitely pay off.
If the market plummets, your coin will fall sharply, and it will soar the next day when the market rises. This is most likely the main force taking advantage of the market decline to clean up the market. For such coins with good performance, you can buy them when the market plummets, and sell them when the market rises, and make arbitrage from short-term rebounds.
5Trend is king, follow the trend.
Once a trend is formed, it will not change easily. Amateur traders die from bottom fishing, and experts die from touching the top. The wisest choice is not to guess, predict, or assume, but to follow the trend. If you don’t know how to judge the trend, you can look at the moving average. The so-called moving average, all moving averages are side by side at a 45-degree angle and upward. It is difficult to lose money on this kind of currency. If you are doing short-term trading, you have to look at the 5-day moving average. It will continue to be strong as long as it does not fall below the 5-day moving average. The lifeline of the band is the 60-day moving average. For coins in an upward trend, they often have at least short-term opportunities when they fall to the 60-day moving average for the first time.
6Buy when there is disagreement and sell when there is consensus.
This is just like the previous Ethereum ecological sector. When Ethereum rises generally, there will definitely be differentiation, because the main force wants to take profits while everyone is willing to take over and cash out at high levels, so they have to sell at the same time.
As for buying at the divergence, there is a principle for strong coins that the strong will always be strong. If a coin can become a strong coin or a demon coin, it must be a coin favored by funds in the market. Once someone sells this kind of coin, more people will buy it, and it will often continue to rise, which is reflected in the K-line pattern as the first negative reversal.
The more difficult the knife transaction is, the more you need to keep calm.
Not everyone is qualified to walk the difficult road. Only those who can bear the pain of Nirvana are worthy of the beauty of rebirth. Many people suffered huge losses like me when I entered the circle in 2017. I lost everything. I am very grateful for this experience because I stood up and I believe I will not fall again. In fact, the smoother the transaction, the more low-key it is. As early as the first half of 2017, my funds exceeded one million. Although I didn’t have much money, I was high-profile. The result of being high-profile will only make you blindly arrogant and lose your awareness of risks.
8Why I choose to trade
I was born poor and I cannot die in poverty again. I don't know how many people are like me, born in rural areas, who want to change their destiny. I made my first fortune in Internet finance before. After I came into contact with the cryptocurrency circle in 2017, it seemed to be tailor-made for people like us. It does not need socializing or kowtow. If you have the ability, it is your ATM. If you don't have the ability, you will bear the consequences you expect. It is fair. Of course, all breaking the circle and crossing the level are painful, but every failure is a step to achieve financial freedom in life.
9 "-The success will be achieved with the sacrifice of thousands of lives"
Cryptocurrency speculation is actually very bloody. One win, two draws, and seven losses are the only unchanging truth in this market. Many of the experts in the cryptocurrency industry that I know study Buddhism. For every big market, whether it is rising or falling, we will choose to release animals and donate money. I know this is meaningless, but I just want to make my mind clear. If one day everyone succeeds, we must remember to do something meaningful for society! To be more Buddhist, this is cause and effect, and to be more serious, we should help the world!
I wish that every brother in the cryptocurrency circle will eventually experience the transition from short-term speculation to long-term planning. This is not only an adjustment of strategy, but also a key sign towards success and profitability.
