I have been trading coins for 10 years, professionally for 6 years, having been through the stage of doing as I please. From 500,000 to 25.54 million, it is all because I adhered to these disciplines and solid knowledge.
What truly changed my fate was a day four years ago! Since then, I have regained everything I lost!
At that time, I compiled all the trading records and looked through them carefully many times, feeling mixed emotions. There were a total of over 1,000 trading records, of which nearly 700 were losses, and only over 300 were profitable. Overall, the losses were significantly larger than the profits, with over 200 records involving large losses. So, in those years, I was overall at a loss. Just looking at these trading records reveals significant problems; the first reaction is greed. When seeing those large losses, I would recall the circumstances of the operations at that time, unwilling to exit after making gains, and unwilling to stop-loss after incurring losses. This was basically the reason for the final large losses.
There are also some small losses, most of which are due to unclear current thoughts, lack of grasp, and operating with luck, insufficient research leading to blind entry, which accumulates to significant losses over time. Ultimately, it boils down to unclear or unconfident entry points. After summarizing, it is found that the truly good entry points should be at the initiation of a price increase. Many unclear entry points occur during range fluctuations when the situation is ambiguous, leading to an increase in small losses, akin to boiling frogs in warm water; by the time you realize it, it is already too late.
After reflecting and summarizing the problems, I thought a lot and truly put all my thoughts into it. Later, I researched the techniques and solid knowledge carefully and summarized them into my own method, which I now use with great ease!
Today, I also share this with my followers in hopes it will help you. If you find it useful, remember to like and save it!
Having endured the rain, I want to hold an umbrella for everyone; heartfelt words ❤️
Divide the principal of 10,000 into 10 parts, using 1,000 to do contract rolling, quickly accumulating to 100,000! (It takes about 1 to 3 months).
1,000 yuan in the crypto space is roughly 140u!
Optimal solution recommendation: Contracts
Each time use 30u to speculate on hot coins, setting good stop-loss and take-profit. 100 turns into 200, 200 turns into 400, 400 turns into 800. Remember no more than three times! Because in the crypto space, a bit of luck is needed. Each time speculating like this easily leads to earning 9 times, with one explosion! If 100 passes the three challenges, then the principal will reach 1100u!
At this time, it is recommended to use a three-pronged strategy to play.
Trade two types of orders in one day: ultra-short and strategy trades; if opportunities arise, then enter trend trades.
Ultra-short positions are used for quick strikes. The advantage of trading at the 15-minute level: high returns, downside: high risk.
Only trade at the level of major coins.
The second type of trade is the strategy trade, using small positions like 10x 15u to trade about four-hour level contracts, saving profits and making regular investments in major coins every week.
Third type, trend trades for medium to long-term; when you see it clearly, just go for it. Advantage: more.
Find the right entry points and set a reasonable risk-reward ratio #Crypto market rebound.
Step two.
10x rolling warehouse rule:
A practical framework to turn 30,000 into 300,000 in three months (with core parameters).
1. The death line for selecting coins (90% of people fail at this step).
1. Only trade coins that experience a first pullback after a weekly EMA21 and EMA55 golden cross.
2. Trading volume must exceed 2.3 times the middle track of the Bollinger Bands.
3. Key support levels must show large orders supporting the bottom more than three times.
Second, rolling warehouse nuclear bomb formula (first public disclosure)
Initial position: 17% of the principal (accurate to 5100 yuan)
Float profit of 25% immediately increase the position to 34% #US tariffs increase
Secondary breakthrough increases the position to 68%.
1. Dynamic stop-loss line: pull back from the latest high point by 6.8% to immediately close half the position.
Remember: In the crypto space, cognitive disparity is the biggest leverage.
How to turn 10,000 into 10 million - the unknown technical analysis guide series in the crypto space.
The 'core technology' of any field will never be publicly disclosed in a crowd; it cannot be found online. It is only passed among a very small group of people, held in the hands of the core circle; these belong to the 'secrets' of this field.
The 'key' hidden within the shattered core circle is contained in this series of articles. Some things cannot be said too clearly and need to be 'understood'. Look carefully, and the hidden truth will surface. Seeing this article also indicates that you have a connection with the core circle, and this connection is a priceless treasure.
Finance is the king of all industries. In finance, to make money, you need absolute strength, but losing money can happen in the blink of an eye.
Only by possessing the 'secret' of top experts' success can you achieve the transformation from a novice to a master in this field.
In this zero-sum game called finance, the few who make money will always be the minority, while the vast majority lose money.
Do you know what the fundamental reason for losing money in the financial field is? This reason is very simple: 'Making mistakes.'
"Making mistakes" sounds simple, but explaining this category is quite broad. Usually, novices in the crypto space fall into the following ten traps, and each trap is enough to put novices at risk, resulting in irreversible financial losses:
The first trap: Listening to news to speculate on coins without being willing to spend time researching the coins you invest in.
The second trap: Trading based on emotions, making irrational buy or sell decisions as the market fluctuates wildly.
The third trap: Chasing high new altcoins.
The fourth trap: Buying blindly due to fear of missing out.
The fifth trap: Blindly going all-in on a coin without leaving any room.
The sixth trap: Blindly believing in various news or opinions from self-media.
The seventh trap: Blindly believing in a particular coin and ignoring systematic risks.
The eighth trap: Hasty investments, buying unresearched coins based solely on feelings.
The ninth trap: Trading on small exchanges, resulting in the exchange running away, being attacked, or unable to withdraw funds.
The tenth trap: Impatience and wishful thinking to get rich overnight.
The top ten traps listed above are what novices often encounter, and
To avoid traps and survive in the crypto space while thriving, there is only one method: to possess an effective trading system that can traverse bull and bear markets and continue to grow. This is also the 'secret skill' of top experts in the financial field.
In the trading system:
Core three parts.
One of the main topics this series will explore is technical analysis.
At this point, you might ask what technical analysis really is.
Technical analysis, strictly speaking, is an art, not a science. There is a misconception that understanding this art is used to predict the market; technical analysis is merely about identifying the current market state and categorizing it. At this point, we have to mention another layer of meaning in technical analysis.
Technical analysis is essentially a statistical discipline.
By analyzing the changes inherent in the trends of the financial market over the past few hundred years, one can infer the direction of future trends. Now that you have identified the current market state, after completing the categorization, you will find that 'tops' will have those commonly used 'top' patterns, while 'bottoms' consist of some commonly used 'bottom' patterns. After completing the categorization, you will know what common 'top' and 'bottom' patterns the current market situation is in.
So, how can the study of statistics help you? Its greatest value lies in summarizing the laws.
For example, if a 'three mountains peak' pattern appears, then in all past financial markets, every time this pattern appears, seven or eight out of ten times it is followed by a decline. After this pattern appears, the market trend is most likely to decline.
Note that the wording is 'high probability'.
. Seven or eight times out of ten being a decline is enough. Some people might say that's not 100%, of course.
In reality, the financial market has no 100% guarantees. Getting it right 7 or 8 out of 10 times is enough to allow you to make money in the financial market through the art of technical analysis.
At this point, you should have a general understanding of what technical analysis is for. In the long history of the financial market, those theories of technical analysis that have survived through hundreds of years of cleansing and practical testing - do you know which five major technical analysis systems exist today? How did they each come into being? What are their advantages and disadvantages? Which techniques can be combined to complement each other for greater profitability?
All of this content will be elaborated in my guide series articles. After reading all the articles in this series, your understanding of the field of technical analysis will exceed that of 99.9% of new and old investors.
From now on, you have taken a big step towards establishing your own high-win-rate trading system. Now you have received the first group of hidden passwords: 'Three'.
In the field of technical analysis, the mainstream currently consists of five major analytical theories. These five analytical systems stand tall, each observing the market from different angles. When each theory is studied deeply, it can accurately control and analyze market trends.
One of the core mysteries of technical analysis is that after identifying the current market state, one should always stand on the side of high probability.
Once you understand technical analysis and correctly apply its methods to always place yourself on the side of high probability, then victory will belong to you over the course of time. If you understand technical analysis, you will comprehend how the market dances, and the entire market will come alive in your eyes.
Understanding technical analysis is like having a golden key to open the treasury of financial markets. Whenever you want to access the treasure, you just need to turn the key to open the door.
Second: The behavior of truly excellent investors should be personalized and in line with their own investment philosophy. The Dow Theory, like the invention of the steam engine, brought significant changes to human production and life, opening a new chapter in human investment, which is why it is honored as the founder of the five major technical analysis systems.
Speaking of which, you might wonder, "Who founded the Dow Theory? Who is Dow?" Charles Dow was the founder of the New York Dow Jones Financial News Agency and also the founder and first editor of The Wall Street Journal. He worked on the trading floor of the stock exchange for several years, and his personality was cautious, restrained, calm, conservative, with strong comprehension and self-control. His financial knowledge is profound, with high judgment; he was always objective and calm, and there were almost no moments of anger in his life, which is an intrinsic factor for him becoming the founder of groundbreaking theory.
The articles published by Dow, organized by his assistant and successor William Peter Hamilton, form the various chapters of the Dow Theory. The Dow Theory objectively describes the unchanging changes of the financial market, which, regardless of the market, possesses scientific reference.
Have you ever noticed a very interesting phenomenon? There exist two crypto spaces in this world. One is the crypto space in reality, gradually revealing a clear image amid confusion and misunderstanding.
Another is the fictional crypto space, a crypto space that thrives on misleading media, a crypto space that appeals to the authorities who chase fame and profit, a crypto space filled with erroneous and dramatic commentary, where those alive within various rumors are no more real than the protagonists in any old plot. Those distorted images, alive in various colorful rumors, are as vivid as your neighbor, yet you have never truly seen what this neighbor looks like.
Here I want to tell you a hidden truth, which is also the essence revealed in the Dow Theory: 'No one can manipulate the main trend; the main fluctuations of the market follow certain laws.' We can only objectively recognize and follow the trajectory of market development, rather than fantasizing that the trend conforms to our own imagination. Although some claim that the market is manipulated, this is still an illusion.
Here you get the second hidden password: 'Wealth'.
In the world, as long as you grasp its laws, you have found the key to open the treasury door. The Western Dow Theory believes that a price is formed by the transactions of both buyers and sellers, and the market's development occurs under support and resistance, causing the market to always be in a cycle of bull and bear. Both bull and bear markets can be divided into three periods, and index movements are formed by three types of movements overlapping, leading to ever-changing prices in the three periods of bull and bear markets.
The main idea of the Dow Theory can be divided into two parts:
One part is a summary and description of historical market laws, while another part is a method of identifying these laws. The former showcases the market's overall operation model based on the cycle of bull and bear markets and the principle of three movements. The specific self-identification method is based on Dow's definition of trends and the principle of three movements, including the decomposition of various trends and self-identifying their relative positions. The latter further identifies the relative positions of different parts during the same period, with the concrete method of mutual verification based on the principle of mutual verification, allowing for a three-dimensional identification of how the current market situation conforms to the laws presented by the Dow model.
The basic principles of the Dow Theory applied to the crypto space can be summarized in six points:
First, average prices absorb all factors. Fundamentals, policies, news, and capital can all affect supply and demand, and all of this will be intuitively reflected in the market, with prices changing to absorb it all.
Second, the market has three trends. Dow classified trends into three categories: primary trends, necessary trends, and transient trends. The primary trend is like the tides of the ocean, belonging to long-term trends, similar to the four-season cycle in the crypto space, with the endless cycle of bull and bear. The secondary trend is the waves within the tides, representing pullbacks within the primary trend, generally pulling back to the three Fibonacci key positions of 38%, 50%, and 62%. The transient trend is the ripples, referring to minor fluctuations that have high uncertainty and change rapidly.
Third, major trends can be divided into three stages. The first stage is the accumulation phase, similar to the yin and yang, indicating that as the bear market reaches its end, although everyone is bearish, it has dropped to a point where it can no longer fall, and the main force begins to accumulate in batches. The second stage is the bullish attack phase, where favorable news starts to appear, and most retail investors with some technical knowledge gradually enter the market, causing prices to rise gradually. The third stage is the climax sprint, where major media outlets begin to flood the market with good news, boldly predicting further price increases. Retail investors actively buy in, fearing to miss this once-in-a-lifetime opportunity to make money, but in reality, the main force that bought at the bottom has already started to sell.
Fourth, various average prices must mutually verify each other. For example, the joint increase of the major coin and mainstream coins must exceed the previous trend peak to be considered the onset of a large-scale bull market! Similarly, if the joint decrease of the major coin and mainstream coins breaks below the neckline position in the high-level oscillation phase of the bull market.
Fifth, trading volume must validate the trend. Dow believed that volume is positioned second in technical analysis; when prices are moving along with the major trend, trading volume should also increase accordingly.
Sixth, we can only determine that an established trend has ended after a definitive reversal signal occurs. A major trend has inertia and generally continues to move in the primary direction for a while, so it is essential to wait until the trend confirms a reversal, such as the head and shoulders pattern confirming a break below the neckline to be considered a trend reversal.
The Dow Theory is a macro technical analysis system aimed at capturing the most significant segment of major market movements in actual trading, which is the most succulent part of the fish belly.
Its advantage is its success in determining the major trends of bull and bear markets, but its disadvantages are also apparent; signals are usually delayed, and generally, it will miss 20%-25% of the profit space.
Novices have many methods to navigate the crypto space; there are definitely several methods suitable for you now.
Novices have many methods to navigate the crypto space; there are definitely several methods suitable for you now.
You have 1 million in assets and decide to use 700,000 to purchase a certain cryptocurrency.
On the first day, the coin fell by 1%, and you lost 7,000 yuan, but you didn't care, believing the coin price would eventually recover.
The next day, the coin price fell another 3%, and you lost nearly 20,000 yuan, still firmly believing it would rise again.
On the third day, the coin price rose by 2%, and you recovered about 10,000 yuan of your losses. Your mood improved slightly, feeling that everything was under control.
On the fourth day, the coin price suddenly plunged by 20%, and you lost 140,000 yuan, beginning to feel uneasy, hoping for a rebound the next day.
On the fifth day, the coin price rebounded by 5%, and you breathed a sigh of relief, feeling that trading coins still has certain rules to follow.
On the sixth day, the coin price rose another 1%. Although the increase was not large, there was at least hope for breaking even, and you felt satisfied.
On the seventh day, the coin price rose by another 1%, and you began to look forward to the future trend.
On the eighth day, the coin price continued to rise slowly, but you remained optimistic, believing that there would be a day when you could break even.
On the ninth day, the coin price suddenly plummeted by 30%, and you began to panic, doubting whether you had chosen the wrong coin.
On the tenth day, the coin price fell by another 10%, and you felt angry and disappointed.
On the eleventh day, the coin price entered a consolidation phase. You saw someone online call this a bottoming signal, believing the market was accumulating momentum, and firmly believed that the coin price would soon rebound.
In the following week, the coin price continued to move sideways. You learned more about cryptocurrencies online, believing this was the 'main force accumulation phase', so you continued to hold the coins.
A month later, not only did the coin price not recover, but it continued to drop by 20%. You began to feel numb, thinking that if only you could break even, you decided to withdraw your funds and distance yourself from cryptocurrencies.
But things did not go as planned, the coin price continued to fall, and at this point, you finally understood the concept of 'stop loss'. You struggled internally, unsure whether to liquidate or continue holding.
At this moment, a friend tells you that a new coin has surged by 200% recently and shares his 'leading strategy'. You believe it to be true and sell the coins you hold, telling yourself that you will wait to earn enough on the new coin.
Greed and fear are mindset issues that every trader must face; our hearts dictate our trading behavior.
Books advise people to remain as calm as water, but how many can reach the realm of a high monk? Traders who are not greedy or do not wish to make a fortune are also not good traders; few are unafraid of losses. How to solve this problem?
A previous quote I read provided a great answer to this: 'Trade when you're less greedy and not feeling fearful.'
Being able to do your own analysis, execute firmly, and face it calmly, what is there to fear? The stop-loss points and conditions have been clearly set, and you have a clear idea of the target price and conditions; all that's left is to wait for the market's final result.
Patiently waiting for the results is a wonderful state, where there is no longer fear and greed. May everyone maintain their own rhythm and quietly wait for the flowers to bloom.
$BTC
\u003ct-130/\u003e\u003ct-131/\u003e
The starlight stretches for miles, as always. Ding Dinghao: zhangran72111 You will definitely gain insights. Help others as you help yourself; there are no bad markets, only poor operations. I hope that no matter how the market changes, we can continue to walk together, and ten years from now we can look back at the crypto space with a smile.
Once you have experienced the vast ocean, nothing else is water. The above reflects some of my insights after 10 years of trading coins, all heartfelt words. Having walked many wrong paths, I have gradually come to understand. Today, I summarize and share this with everyone, hoping to help improve your understanding and thought process regarding trading coins.