I made an appointment to play golf with an expert in Shenzhen at the weekend. She is a short-term queen in our circle. She made 140,000 yuan in 24 years and broke 10 million in 25 years. She is now approaching a small goal.
She believes she has no talent, nor relies on insider information, but solely on these few simple logics. The difficulty may just be persistence.
1️⃣ Follow the leader closely and pick up the second and third
As soon as the leader of the sector moves, immediately look at the coins in the back row to make up for the rise, and run away as soon as they have taken advantage of it. Only do high-frequency trading and don’t hold on for a long time.
2️⃣ Keep a close eye on the trading volume!
📉 Buy slowly at low levels with reduced volume, and strike hard at low levels with large volume;
📈 Run immediately when there is large volume at high levels!
3️⃣ Enter on pullbacks with low volume, exit on high volume.
A pullback with low volume is generally considered an opportunity.
A pullback with high volume usually indicates that the main force is slipping away, don't hold onto it foolishly.
4️⃣ RSI and Fibonacci can be referenced.
RSI bounces three times at a low, buy! Bounces three times at a high, sell!
He believes that he does not rely on talent or insider knowledge, but on these simple logics. The difficulty may just be persistence.
Also check Fibonacci resistance levels for reference! Other than that, it's not very useful.
5️⃣ Don't blindly believe in 'hundredfold coins'.
The market only distinguishes between strong coins that can rise or weak dead coins. When doing short-term trading, don't fixate on the price; where the hotspots are, the money is there. That's where the opportunities are!
6️⃣ Use moving averages as a reference, set trailing stop-loss and take-profit.
When the 7-day and 21-day lines are trending up, and the coin price is above the moving average, as long as the trading volume doesn't change much, it indicates a good trend. If the volume breaks below the moving average, it's generally not a good sign.
You can use moving averages to set trailing stop-loss and take-profit. It should be based on your own habits.
7️⃣ The strong remain strong, the weak remain weak.
Don't keep thinking about bottom fishing; experienced traders die on the path of bottom fishing. Following the trend is the true support!
The vast majority of friends operate without a plan, select coins without a method, trade without discipline, relying entirely on feelings or following the crowd.
If others say it's good, you think it makes sense, how can there be progress and gains?
Although I also came from the same path before, I am different now. Before choosing a coin, I put the previous day's trading records into my indicator system—relying on this one indicator, I have multiplied my investment by more than 100 times in 3 years.
I usually select about 10 coins, and each day I filter 2-3 stocks using this formula. This method can generally achieve 2-5% gains.
This method is particularly suitable for those with around 500,000 or even below 300,000. Catching one major uptrend each year is enough. Don't always hold a full position; when it's time to be in cash, you must be in cash!
Don't get involved in miscellaneous stocks, focus on leading or potential leading stocks, don't trade without a position.
Whether you are a beginner or an experienced trader, regardless of your wealth or level, this formula will help you!
If you still don't understand, it's okay, I've also organized some materials and cases together.
Like and follow, after carefully watching, take the time to understand, knowing and doing in unity, achieving stable gains is not a problem at all.
A successful person, no matter the industry, must first possess the basic qualities and potential of successful people, and then have expertise in their field. If you also continuously keep records.
By comparison and application, the path to enlightenment will not be very bumpy. After all, I didn't have these references before, so I hope everyone can also find enlightenment in life, and I wish to encourage you!