When trading cryptocurrencies and contracts, there is only one way to achieve a ten-thousand-fold profit from your trading account: rolling your positions!
In the first few years of cryptocurrency trading, I was like many people, staying up late every day to watch the market, chasing ups and downs, and losing money and unable to sleep. Later, I gritted my teeth and insisted on using only a stupid method, and I actually survived and gradually began to make a stable profit.
Looking back now, this method is stupid, but effective: "If there is no signal that 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 over 50%, and I finally don’t have to rely on luck to survive.
Here are some tips for beginners, based on my experience of losing money in real trading:
1. Do not place orders until after 9pm
There is too much news during the day, with all kinds of false good and bad news flying around, and the market jumps up and down like a convulsion, making it easy to be deceived into entering the market.
I usually wait until after 9 o'clock in the evening before taking action. At that time, 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 indicators, not 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 cross or a dead cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a narrowing or breakthrough?
Only consider entering the market when at least two of the three indicators give consistent signals.
5. You must make an appointment every week
Qs that don’t allow cash withdrawals are all numbers games!
I transfer 30% of my profits to my bank card every Friday without fail, and I continue to roll over the rest. In this way, my account will become fatter and fatter in the long run.
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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.
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7. Don’t fall into these traps!
• Leverage should not exceed 10 times, and beginners should keep it within 5 times
• Don’t touch Dogecoin, Shitcoin and other fake coins, 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!
Patiently summarizing my feelings, the most important thing in cryptocurrency trading is a good attitude, and technology comes second.
1. In most cases, Bitcoin is the leader in the rise and fall of the currency circle. Ethereum, a currency with strong quality, sometimes breaks away from the influence of Bitcoin and moves out of the unilateral market. Altcoins basically cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you find that USDT has increased, you should be alert to the decline of Bitcoin. When Bitcoin increases, it is the right time to buy USDT.
3. There is a tendency for the phenomenon of pinning to occur between 0:00 and 1:00 every day, so domestic coin friends can set the buying price of the coin they like as low as possible and the selling price as high as possible before going to bed, and maybe the transaction will be completed, and they can make money lying down;
5. 5pm is an important time for rumors. Due to the time difference, American currency friends get up and go to work, which may cause the currency to fluctuate. Some big rises or falls have indeed occurred at this time, so you should pay special attention to it.
6. There is a saying in the cryptocurrency circle that “Black Friday” happens to happen. There have been a few cases where the market crashed on Friday, but there have also been cases where the market surged or went sideways. It is not particularly accurate, so just pay attention to the news.
7. If the coin with a certain trading volume falls, don't worry. If you hold it patiently, you will get your money back. It may take 3 or 4 days or even a month. If you have extra USDT, you can cover your position in batches to bring the price down. You will get your money back faster. If you don't have extra money, just wait. You won't be disappointed. Unless you really bought I-coin;
8. For spot trading, the same coin can be traded for a long time. The profit from less trading is greater than that from frequent trading. It depends on whether you have the patience to hold on. I bought Dogecoin at 0.1 and it has increased more than 20 times since I held it.
I am Instructor Huang. I have experienced many rounds of bull and bear markets and have rich market experience in many financial fields. Follow the official account (Crypto Instructor Huang). Here, you can penetrate the fog of information and discover the real market. Grasp more opportunities for wealth codes and discover truly valuable opportunities. Don't miss them and regret it!
In the cryptocurrency world, the secret to my wealth, the reason why I can grasp the big bulls every time and make stable profits in spot and contract trading: These 7 methods can increase the winning rate by 60% (turning point trading). Once you learn this method, you will be like a fish in water in the cryptocurrency world, and the market will be your "ATM"!
Inflection point trading is one of the most effective trading methods.
Different from trend trading, it aims to discover signals of trend exhaustion and identify the possibility of a change in the market in advance, thus making it more likely to capture a new round of trends.
The reliability of inflection point trading lies in that if you can correctly identify the inflection point, even if you do not enter the market at the first time, you can still get a good trading price and greatly reduce operational risks.
So, how do we correctly identify the inflection point?
1. Rising/falling norm
The Up/Down Normal is one of the most commonly used trading methods in the Classic Dow Theory.
According to the definition of Dow Theory, if the low point of a market continues to rise, it is a normal upward trend. If the high point is also rising, it is a more effective signal; otherwise, it is a normal downward trend.
If during this process, the highs and lows do not continue to create new highs/lows, it means that the normal rise/fall has ended, which may be a signal of a reversal. The previous low or high may be a turning point.
Second and third line reversal
The three-line reversal is a method proposed by trading master Conforas. It is very similar to the normal method, but can identify the turning point earlier.
According to the definition of a three-line reversal, if the closing and opening prices of three or more consecutive K-lines continue to rise, then the lowest price of the earliest K-line among the last three K-lines is set as the previous low point. If the next K-line directly breaks through this price, the top turning point is confirmed.
In actual trading, it is common for a K-line to fall rapidly after three consecutive K-lines rise. However, to meet the three-line reversal requirement, a K-line must break through the preset low point to be effective. (Invalid three-line reversal)
(Effective three-line reversal)
For example, in the picture below, when the three-line reversal appeared for the first time, the downward trend officially began.
In addition to the main driving force, it is usually related to data trends and black swans, especially key market expectations and data, etc., which may allow the market to easily break through key resistance and support levels.
It is worth mentioning that if the shape of the column changes during the process of forming a three-line reversal, it is often a more effective signal.
For example, in the picture below, if the high point of the K-line is a small naked positive line, if a large negative line breaks through the three K-lines at the same time, it will be a more effective three-line reversal pattern.
3. Long Cross Star Turning Point
The cross star is a very important candlestick for us to predict the top and bottom signals. But this does not mean that the appearance of a long cross star must represent the turning point.
Generally speaking, the appearance of a long cross star indicates that the market maker has shown signs of selling, but before the sale is completed, the market may not continue to fall. It may even partially sell off to create the illusion of a decline, and then replenish positions again to push up the market.
There are two types of long cross stars.
The first one is as shown in the figure below. If a small positive line is formed after a doji is formed, do not short immediately. Instead, observe whether there are signs of continued rise. If so, it is a relay signal.
In the second case, if a large black candlestick appears after a doji is formed, or a black candlestick appears near the end of the lower shadow of the doji, or even a black candlestick that opens lower with a gap, then the position of the doji is an obvious turning point.
Generally speaking, the doji itself has the nature of selecting a direction. When a doji appears at a relative top, combining it with key data and information will greatly improve the accuracy of the doji prediction.
4. Big Yinxian and Yangxian
Generally speaking, a large black candlestick or a large white candlestick is often a sign that the main force is exerting force and may very well be a signal of a breakthrough.
But in actual transactions, there are often buying climaxes or selling climaxes. Take the big Yang line as an example. If the market has been rising for quite a long time, but suddenly a big Yang line is pulled out at the top.
This may be a breakthrough signal, but the more likely possibility is that the bulls' chips are close to exhaustion, so they use up all of their chips at once for a final pull-up in order to attract follow-up buying to push up shipments. In this case, the top of the big positive line here is the turning point.
To determine whether a large positive line or a large negative line is a buying climax or a selling climax, focus on the next 2-3 K lines.
Generally speaking, if after a big positive line appears, the next 1-2 K lines engulf 2/3 or even the entire positive line, then it can be basically confirmed that it is a signal of reaching the top.
If 1-2 K lines only engulf 1/3 or even less than 1/3 of the big Yang line, then you need to pay attention to whether the support level below is reliable, which means that the main force has not yet finished shipping, and the market may maintain a high level of consolidation or even a small rebound. In this case, it is not recommended to enter the market because the probability of going up or down is very high.
If after a big positive line is pulled out, a series of small negative and positive lines are closed above the high of the big positive line, and the support near the high point of the big positive line is confirmed, then it is confirmed to be an effective pull-up breakthrough, and usually it is expected to continue to rise after stabilizing, so the top of the big positive line here cannot constitute a turning point.
5. Moving Average
The moving average reflects the average price level of the market. Generally speaking, the market will fluctuate around the moving average, which is also the principle of compiling many smoothing indicators.
Therefore, if a market continues to run above the moving average or even deviates significantly from the moving average, it means that the overall market is strong. Once the market falls below the moving average, there is a high probability that a corrective turning point will appear. Then, when the key support is broken, you can consider entering the market.
Moving averages can also be analyzed through moving average combinations.
Similar to our judgment through golden cross and dead cross, we can use a combination of long and short moving averages. Generally speaking, if the short-term moving average has been running above the long-term moving average, when a dead cross is formed, and the K line is under pressure below the two moving averages, it is an effective selling signal.
It should be noted that golden cross and dead cross have false signals. If the K-line fails to strengthen or weaken at the same time as the golden cross and dead cross are formed, then it is a signal that needs attention and is likely to be a relay signal.
Generally speaking, if a golden cross or dead cross appears in the combination of long-term and short-term moving averages, and there is news at this moment, it is often an effective signal.
6. Double Top/Head and Shoulders
Double tops and head and shoulders tops are also very classic patterns for identifying turning points.
If after a period of rising market, the market starts to fall, tests a price level and then rebounds again, and rebounds to a position slightly lower than the first high point, but then falls again and falls below the previous support level, this is a typical double top pattern.
If after a rebound, a new high is created, but then it falls again to test the support level, and rebounds again to a slightly lower position, and then falls back again to break through the support level, this is a head and shoulders top.
Double tops and head and shoulders tops are not difficult to understand, but the height of each top contains other price signals.
The first is the double top pattern. In a standard double top pattern, the right top should be level with the left top, and the highest point should be lower than the left top.
However, if the right top is obviously higher than the left, in addition to the possibility of turning into a head and shoulders top, it is more likely to become a relay pattern, so you must be careful not to miss the opportunity.
The head and shoulders top is slightly more complicated than the double top, but the principle is basically the same.
A standard head and shoulders top also has the right shoulder being level with the left shoulder, or preferably slightly lower than the left shoulder.
In addition, when using the head and shoulders top, it is best to analyze it in conjunction with the trading volume. Generally speaking, the left shoulder has the largest trading volume, followed by the head, and the right shoulder has the least. This shows that the market driving force is gradually weakening. Once there is a lack of chips, a downward trend will often occur.
In the analysis of head and shoulders and double tops, the position of the neckline is very critical. Generally speaking, breaking through the neckline usually means trend confirmation. But in some extreme cases, some markets will quickly pull back from below the neckline, break through the neckline and rise again. Therefore, we can adopt the method of entering the market in batches.
When the market breaks through the neckline and pulls back to test the resistance level of the neckline, if the resistance of the neckline is obvious, you can increase your position.
7. Position Distribution
In addition to the above technical analysis, position distribution is also a commonly used method for finding turning points.
Generally speaking, if there are too many open orders in the market, very strong resistance and support will be formed. Since the active buy and sell orders cannot eat up the pending orders in the market, they will often sell the orders in hand, causing the market to move in the opposite direction.
The above are some of the more commonly used trading methods for finding inflection points. In actual trading, based on inflection point analysis, we can better grasp the changes in market sentiment, which is of great help whether it is capturing the market or leaving the market.
Today, the instructor has compiled 99 essential sentences from the three perspectives of news, technology, and mentality, which are very suitable for novices who have no idea about the cryptocurrency circle. Let me show you how to play in the cryptocurrency circle, and prevent you from losing money. Please like and collect them! 1. News
1. News
1. You must find ways to collect first-hand information in order to win, and it is particularly important to analyze the major consulting media in the circle.
2. Most media are business agents for big investors and investment consultants for small investors.
3. Only by mastering the characteristics of different industries can you have the opportunity to make profits.
4. Buying stocks that are contrary to the opinions of experts is sometimes a unique way of speculation!
5. Before investing, you must make every effort to prepare, learn about financial knowledge, domestic and international financial and political trends, and detailed analysis of the team and implementation are key.
6. Buy or sell when the news comes out, and sell or buy when the news is confirmed.
7. Do your own research and judge the market conditions on your own, and don’t change your mind because of unconfirmed rumors.
8. If there is a problem with the team, there will be problems with the product, so it is better to do less.
9. Any direct investment is professional investment, and professional investment requires professional knowledge as a basis.
10. Nine out of ten people who claim to make accurate predictions are losers.
11. If the information is inaccurate, you will lose. The most futile behavior is to try to guess the psychology of big investors and speculators.
12. When purchasing, you need to understand whether the relationship between the issuer's profit potential and the current market conditions is reasonable.
13. This circle is small, but it does not mean there is no circle. It is very helpful to know a few big names.
14. Don’t let sudden news change your original intention to buy or sell.
15. When all good news comes out, it becomes bad news; when all bad news comes out, it becomes good news.
16. There are code words in the operation of institutions. For example, the order "232323" may mean shipment. Each institution is different, so it is necessary to study it.
17. Don’t join a small circle. If you join, you will only use your ears and brain.
18. The white paper does not have specific content and R&D technical team, and the probability of it being a virtual coin is over 80%.
19. Is the project open source? Generally, open source projects will be uploaded to GitHub. If not, you need to be careful.
2. Technical
20. Following the right coin is half the battle.
21. The routines of big investors are often quite unexpected, deceiving the leeks who are not well-informed in the industry to facilitate their own purchase and sale of goods. You must accurately analyze the trading volume pattern.
22. The timing of purchase is the most important part of virtual currency investment.
23. If the price falls back by more than one-third, the alarm will be sounded.
24. The three steps to rise: bottoming out – breakthrough – soaring!
25. The index has been updated for three consecutive days, but the trading volume has decreased successively, and the market outlook may not be good.
26. Long-term leading stocks will inevitably experience a sharp decline. If the decline exceeds 50%, the probability of a 30% rise in the bottom is relatively high.
27. It is common for small and medium-sized investors to be trapped by large investors, so diversification of investments is crucial.
28. The rise and fall of the index is not random and its rules are much simpler than those of lottery. Appropriate screenshot analysis is crucial!
29. Anyone who leads the rise will inevitably lead the decline.
30. Avoid too much switching when buying and selling. Don't act rashly when you are indecisive. Be constant in the face of ever-changing circumstances.
31. A surge in trading volume but no change in price is a signal that the market is near the top and at this time, the best strategy is to run away.
32. The longer it hovers at a low level, the greater the upward range will be, and the probability of rising by 30% will reach more than 70%.
33. To judge whether it is growing or declining, it depends on the gap with the trend of the times. Policy is the biggest risk and is still necessary.
34. Trading volume is the pulse, which can show whether you are sick.
35. It is better to choose a good time to buy than to know what to buy. Knowing how to sell is a hundred times better than knowing how to buy.
36. Don’t put all your financial resources on one thing.
37. Never speculate because you think the price is low and the room for growth is large. You must know that once the market reverses, it will be difficult to sell and the decline may be multiplied.
38. Buying stocks with slightly lower profit potential and at a lower price may be more cost-effective than buying stocks with slightly better profitability.
39. Without sufficient experience, never engage in short selling transactions, as it is common to suffer bruises and black eyes.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations follow a traceable track. If you master this track, you will be able to win every battle.
42. The smaller the increase, and the lower the trading volume, are obvious signs that the top is approaching.
43. Experience shows that the duration of technical factor markets is generally shorter, about one-third of that of basic factor markets.
44. Preventing yourself from being stuck at high prices is the most important lesson for beginners, so it is crucial to practice at low prices.
45. If the stock market does not rise as it should, you should be pessimistic; if the stock market does not fall as it should, you should be optimistic.
46. Fundamental analysis can tell you which coins have intrinsic beauty, while technical analysis tells you the best time to mine them.
47. Funds in the trading session always flow in the most favorable direction.
48. Low prices fluctuate more than high prices.
49. Buy when you can, sell when you should, stop when you must, safety first, stability above all else, rashness leads to loss, greed leads to poverty.
50. Short-term changes in the market have nothing to do with long-term performance.
51. You must understand the “Sunday Theory”. Many coins are rising today.
52. You still have to buy a robot because it reacts faster than the human brain.
53. The price and band changes of the same coin in different exchanges are different. It is necessary to choose a good exchange.
54. New currencies are often the best choice for short-term trading.
55. It is best to configure a combination of international major currencies and altcoins.
56. Big coins are falling and are relatively stable, while altcoins are volatile and have many opportunities.
57. Try not to operate during rapid stretching.
58. It is best not to hold all the chips. It is best to hold half the chips or leave 1/3 of the chips to make up for the decline.
59. You must have a thorough understanding of the operating conditions of the team or foundation, and if necessary, tell it to the person you think is the dumbest to hear their opinions.
60. Don’t buy too many popular stocks, because popular stocks tend to rise quickly and fall quickly.
61. Don’t go all in on one currency; try to diversify your holdings.
62. Trading volume can show the situation of changes. When the trading volume starts to increase, you should pay attention to it and either sell or take a profit.
63. What you hold must be sold sooner or later. If you don’t sell, you’re just a stupid leeks.
64. The highest price or lowest price during market changes will often become the top price or low price. Once you pass this hurdle, it will either be a rocket or a waterfall.
65. Following the trend is about filling your wallet.
66. It is best to choose those that have good prospects but are not yet very popular and are easy to make money.
67. Experts usually make a plan with each step written clearly, and all that remains is to strictly execute it as required.
68. The basic tactics of institutions: five stages: building positions, testing the market, pulling up, washing the market, and shipping.
69. There are generally two possibilities for a sudden increase in volume. One is that the market makers are protecting the market, and the other is that institutions are long. At this time, you should follow the trend.
70. After climbing a flight of stairs, people usually wash the dishes. If you get off the bus at this time, you may not be able to wait for the next bus.
71. It is not impossible to get rich in the cryptocurrency world with 10 yuan, luck is also the key.
72. When encountering a big pullback, it is an opportunity to buy a little.
73. Don’t overestimate the IQ of big shots, many of their actions are just showing their low standards.
74. Before you make a small amount of money, proceed step by step and don’t play with large amounts of money.
75. There are great risks in buying coins at high prices, so beginners should just pretend that the coin does not exist.
76. For beginners, don’t chase the rise. It is better to miss it than to rush in to get on board.
77. If the market cap is too small and is only traded on one exchange, you should be cautious when participating.
78. If you can join for free at the beginning but are asked to pay various fees later on, this is basically considered a pyramid scheme and it is recommended that you do not join.
79. It has not yet been listed, but the price has increased many times during the fundraising period. It is recommended not to participate.
80. Moving bricks is a job with relatively low risks and easy to make money.
3. Mentality
81. Small profits often delay big market trends. Don’t be confused by small changes in the general direction.
82. The person you can trust most at any time is yourself, and it is crucial to walk your own way.
83. When you are hesitant, you should stop taking action, which means that the market situation is not yet clear.
84. Being one step ahead may ensure victory.
85. There is no such thing as the price only going up and not going down, and there is no such thing as the price only going down. Opportunities always exist. The price in your mind is the key. There is no use in regretting.
86. Build a strong body so that your heart can withstand the impact of ups and downs.
87. The secret of why the price goes up as soon as you buy and as soon as you sell is that it has something to do with the trader’s trading, because the trader is constantly studying the psychology and behavior of “leeks” every day.
88. Cryptocurrency speculation is all about numbers. Never establish a relationship with money. If you do, you will definitely lose money.
89. The market changes very quickly. It is normal for bullish positions to change within 10 minutes. You must keep a balanced mentality.
90. If you can’t stand being scared, you won’t get big. Courage, courage, and more courage.
91. Be patient and wait for the coins with large-scale positions to become real blue chip stocks. This is the real mentality.
92. The mentality of being in a hurry to make money is a taboo for cryptocurrency speculators.
93. Remember that the power of compound interest is the greatest.
94. The definition of leeks is people who chase after rising prices, believe in rumors, and have an impetuous mentality.
95. Listen less to orders and use your brain more.
96. Do not use your own financial resources to estimate the market, and do not let your determination be affected by how much you earn or lose. In this industry, everything you hold is wool.
97. You may be very successful in business, but there is no necessary connection between you and the cryptocurrency world.
98. Experience can cultivate inspiration, but inspiration cannot rely entirely on experience.
99. There is no free lunch. You must set a range of losses that you can afford.
Trading is not about getting rich overnight, but about making reasonable profits that are long-term, stable, sustainable, and with a high probability, so that you can obtain wealth continuously.
Professionalism creates value, and details determine success or failure. If you feel helpless or confused when trading in the cryptocurrency circle, I hope my sharing can bring you some inspiration and help!
