Can trading cryptocurrencies really make you rich overnight? A veteran's 9-year bloodbath reveals the truth
Brothers! I am an old aunt who survived the bear market since 2015. Back then, I lost my entire year’s bonus due to altcoins, and now I manage eight-figure crypto assets. The pitfalls I’ve encountered over these 9 years could circle the Binance building three times! Today, I’m going to break down the 'Survival Manual for Newcomers' and feed it to you; after reading it, you’ll save six digits in math fees.
🛡️ Position management is the life-saving elixir
Remember this lifesaving formula: divide total funds into 5 parts + only use 1 part at a time! For example 🌰: with a 100,000 capital, only play with 20,000; after losing 5 times, you’ll only lose 10% (I personally tested this during the 312 crash and saved a Model 3). The key point ⚠️: every time you take profit or stop loss, calculate based on the current position, absolutely do not use other funds!
🌪️ Trend is the master
Rebounds in a downtrend channel are just temporary lights (refer to last year's Luna rebounding from $120 to $80 before going to zero), while pinning in an uptrend is like receiving a red envelope from heaven! Remember the Ethereum drop to $2800 last month? Those who dared to catch the bottom are probably laughing out loud now.
💣 Meme coins are scams
Those altcoins that double in three days, 9 out of 10 are fishing scams! Remember the 'Frog Coin' that went viral last year? It skyrocketed from $0.3 to $2.4 in just 18 hours, and now it needs three zeros added to show its current price...
📉 MACD Mystical Manual
Golden cross below the zero line = close your eyes and charge (look at March when APT went from $8.2 to $13.8, so accurate!)
Death cross above the zero line = run away quickly (April Bitcoin peaked at $69,000, those who ran late all cried in the bathroom)
Let me tell you a secret: the accuracy at the weekly level is three times higher than at the daily level!
🚫 Averaging down is suicidal bungee jumping
I’ve seen sisters averaging down from 10,000 to 100,000 positions, turning a short-term trade into a family heirloom! Blood and tears lesson: immediately cut losses over 15%, remember this three-word mantra — let go and move on!
🔥 Trading volume is the magic mirror
Low position explosion in volume = main force building position signal (before June NOT took off, there were three consecutive days of explosion in volume)
High position explosion in volume = countdown to death (the night before FTX collapsed, there was a massive trading warning)
Key point‼️ A sudden increase of 300% compared to the average of the previous 30 days indicates major actions are coming!
🚀 The takeoff posture must be correct
Three major characteristics of strong coins, write them down:
1. 7-day line is above the 30-day line
2. Pullbacks never break previous lows
3. Breakthrough volume is 5 times the usual
