The cryptocurrency world does not believe in tears: Only those who survive are qualified to make money
Remember the three-word mantra: First protect your capital, then follow the trend, and finally earn profits. Especially for beginners, read with awareness to avoid detours.
1. Entry Criteria: Safety always comes first! Building positions should be like climbing stairs; the first investment should be at most 10% of the total funds, and the stop-loss line is a lifeline, never go without it.
2. Bottom-fishing Skills: Don't be fooled by false signals! Use weekly and daily charts together for verification; watch for decreasing trading volume and MACD showing bullish divergence, confirm it's a true bottom before taking action.
3. Swing Trading Points: When the price breaks above a high point, lock in 30%-50% of the profits first; if there's a sharp drop of more than 15%, buy in batches; during sideways movement, use 'grid trading' to repeatedly earn the price difference.
4. Holding Mindset: Sideways movement isn’t inactivity; it's energy building before a storm! Hold your chips steady and don’t fumble; the main upward trend can happen suddenly, and if you loosen your grip, you may miss a big rise.
5. Profit-taking Skills: Don’t get carried away during a surge! After a 10% increase, move your stop-loss to the cost price; then for every 5% increase, raise your profit-taking line to let profits continue to rise.
6. Averaging Down Method: Don’t panic during a decline! Use the 'pyramid averaging down method', the first averaging down should be 50% of the initial position, and subsequent additions should be smaller, widening the price gap, specifically to treat being trapped.
7. Observation Strategy: Don’t stubbornly hold during range fluctuations! Transfer funds to stablecoins or DeFi mining to preserve strength, wait until the trend is clear before entering.
8. Cycle Rules: If the price peaks for the second time at a high level and RSI exceeds 80, hurry to sell; if the price bottoms for the second time at a low level and KDJ is below 20, boldly buy in combination with trading volume.
9. Trading Bottom Line: Remember firmly, 'Don’t sell at highs, don’t buy at lows'! Prepare your trading plan in advance, and don’t let emotions lead you.
10. Intraday Strategy: If there’s a sharp rise in the morning, secure profits first; in the afternoon's rise, beware of traps; during a drop at the end of the day, you can try with a light position, but don’t panic sell during a morning crash; timing is key.
These rules are weapons summarized from practical experience, but the market changes quickly; one must be flexible and manage risks well to laugh last in the cryptocurrency world.