Ten years of trading coins, from 30,000 to 15 million! A heartfelt summary of 8 iron rules, understand them and you can turn your fortunes around!
1. Don't go all in! Split your money into 5 parts, only bet 1/5 each time. Cut losses at 10%, this way even if you get it wrong 5 times, you only lose 10% of your total capital. Let profits run when you're winning, start at 10%! Can you still get caught in this way?
2. Want to win big? Remember these two words: follow the trend! Don't foolishly catch falling knives in a downtrend, every pullback in an uptrend is a golden opportunity. Bottom fishing can lead to quick losses, only buy on dips to make money!
3. Never touch coins that have surged! Whether it's Bitcoin or altcoins, the chances of continuous surges are lower than winning the lottery. If it can't keep rising, it will definitely fall, yet some people insist on betting they're not the bag holder.
4. Use MACD to catch buy and sell points: buy when the golden cross breaks above the zero line, and run when the death cross appears above it! This trick is as steady as a rock.
5. Averaging down is a sure way to find trouble! Adding more when you're losing just digs a deeper hole. Remember: only add to your position when you're making money, cut losses when you're losing!
6. Trading volume doesn’t lie! Quickly follow the breakout with high volume at low levels, and run immediately when there's high volume but no price increase. Only trade coins that are rising! Use the 5-day line for short-term trades, the 30-day line for mid-term holdings, the 84-day line for major upward trends, and lie back and earn with the 120-day line!
7. Review every day! Check if the coin still meets your buying criteria and if the weekly trend has changed. If the direction is wrong, turn around immediately!
8. Following this method, I earned back 15 million from the brink of bankruptcy! Whether you can turn your fortunes around in the next bull market depends on whether you're brave enough to follow this strategy!
