Share your experience in the cryptocurrency circle
Trading cryptocurrency for ten years, starting with 30,000, now over 200,000!
With a 50% position, I steadily earn a monthly return of up to 70%. I passed this secret formula to my apprentice, and he doubled his investment in three months. Since I'm in a good mood today, I’ll share these valuable tips with you, remember to keep them safe!
1. Divide your capital into 5 parts, only invest one-fifth each time! Control a 10-point stop loss; if you make a mistake once, you only lose 2% of your total capital. If you make five mistakes, you lose 10% of your total capital. If you are right, set a take profit of more than 10 points. Do you think you will get trapped?
2. How to increase your winning rate again? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap to attract buyers, and in an uptrend, every drop creates a golden opportunity! Which do you think is easier to make money from, bottom fishing or buying on dips?
3. Avoid coins that have rapidly surged in the short term, whether mainstream or altcoins. There are very few coins that can make several waves of major gains. The logic is that after a short-term surge, it is difficult to continue rising. When the price stagnates at a high level and can’t be pushed up later, it will naturally drop. This is a simple principle, but many people still want to take a gamble.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross above the 0-axis, breaking through the 0-axis is a stable entry signal. When MACD forms a death cross above the 0-axis and moves downwards, it can be seen as a signal to reduce positions.
5. I don't know who invented the term 'averaging down', but it has caused many retail investors to stumble and suffer major losses! Many people keep averaging down the more they lose, and the more they average down, the more they lose. This is the most taboo in cryptocurrency trading, putting yourself in a dead end. Remember, never average down when you're in a loss; instead, add to your position when you're in profit.
6. Volume and price indicators are crucial; trading volume is the lifeblood of the cryptocurrency market. Pay attention when there’s a breakout with increased volume at a low price level, and decisively exit when there’s increased volume at a high price level.
7. Only trade coins in an upward trend; this maximizes your chances and saves time. If the 3-day moving average turns upward, it indicates a short-term rise. If the 30-day moving average turns upward, it indicates a medium-term rise. If the 84-day moving average turns upward, it indicates a major upward trend, and if the 120-day moving average turns upward, it indicates a long-term rise!
8. Persist in reviewing each session, check whether your holding strategy has changed, technically assess whether the weekly K-line trend aligns with your judgment, and whether the direction has undergone a trend change. Adjust your trading strategy promptly!
