From my own experience, trading cryptocurrencies might be one of the simplest and fastest paths to making money! Let me introduce myself: I entered the cryptocurrency circle in 2013, and I really started to have fun in 2016. In 2017, I caught the bull market and made my first 10 million right away, and then I got carried away.
What happened? Three times I was liquidated! After losing all the money I made, I also lost all of my parents' hard-earned savings of over 3 million. I even borrowed 5 million from relatives and friends to trade, and I lost all of it as 'tuition' in the market. In total, I burned through tens of millions in assets.
Under such great pressure, I have thought about jumping off a building several times. Fortunately, at that time my willpower was still firm, and I believed I could earn it back! The last time, when the account zero reminder sounded, I actually laughed - in extreme pain, I touched the pulse of the market. I then began to invest myself wholeheartedly, summarizing the mistakes I made earlier, and observing the thoughts and techniques of those trading masters. It took me 2 years to turn 200,000 into tens of millions. Every crash is the fire of an alchemy furnace, burning away impatience, leaving only pure gold.
If your capital is within 50k and you are worried about losses, here I share a relatively simple and effective trading strategy I summarized, with a low threshold, the core is risk control, helping you strive for more stable returns! The core is: trade in batches.
Method explanation: Trading in batches.
Batch capital management: Assume you have 10k capital, split it into 5 parts, and use only 2000 for each trade. This way, even if the market fluctuates, you can retain funds to cope with emergencies. $ETH
Testing with small investments: First use 2000 to buy a cryptocurrency, test the market trends, and avoid the high risks that come from going all in at once. $BTC
Add more when it drops: If the cryptocurrency price drops by 10%, invest another 2000 to lower the holding cost and wait for a rebound to profit.
Take profits in time: If the cryptocurrency price rises by 10%, immediately sell part of it to lock in profits, avoiding greed leading to a pullback.
Repeated cycle operation: Follow this step and continuously repeat the 'buy-sell-add' operation until the funds are exhausted or the cryptocurrency is completely sold, striving to maximize profits.
Advantage analysis:
Low risk: Capital is invested in batches, controlling position risk. #Bitcoin
High flexibility: Adjust operations based on market changes at any time, move freely. #BTC
Stable income increase: Rolling operations help accumulate profits.
[Beware of these deadly mentalities in trading cryptocurrencies]
Stubborn strategy: Refusing to change when the strategy is wrong, still waiting for a turnaround. A strategy has lost for two weeks, but you are still unwilling to change; you say 'this is a pullback period' but deep down you have no confidence. You are not believing in the strategy; you are avoiding reality. Suggestion: Strategies need to adapt to the market, not you forcing the market to adapt to the strategy. Timely review and flexible adjustments.
Accidental faith type: Making money once makes you think you’ve found the holy grail. You made some money using a certain strategy and thought you discovered the 'universal method', only to fail continuously afterward and refuse to admit mistakes. You hit a wall and don’t turn back because you think 'that wall is a passage'. Suggestion: Every strategy has a time when it fails; continuously learning and updating your understanding is the true sustainable competitive advantage.
Memory-based trading: If you don’t get it right once, you drown in reviewing and regret. Do you often review a trade that 'should have made money'? Repeatedly thinking, if only I had sold a little slower, or bought a little faster. Then you get trapped in a whirlpool of emotions, unable to extricate yourself. Suggestion: Trading should look forward. Truly skilled people take experience from failure, not emotions.
[Don’t let emotions trade for you]
Trading cryptocurrencies is never purely a technical activity, but a battle of cognition, emotions, and self-discipline.
The market is always 'up and down', but you can’t follow it 'rising and falling'.
When you no longer see the rise and fall of the cryptocurrency price as a barometer of emotions,
When you can stick to your own rhythm amidst the noise,
Then you have truly embarked on the path to becoming a mature trader.
What traders fear most is not market fluctuations, but the turmoil within their hearts.
Let go of obsessions, see yourself clearly, and you can live longer and go further in the cryptocurrency world.
A few iron laws for ordinary people to survive in the cryptocurrency world (every sentence is piercing but can save lives)
Risk is the top priority: The most common mistake ordinary people make is betting their hard-earned money on the myth of getting rich. → Don’t touch leveraged contracts (you can’t beat the big players) → Focus on the risk range you can bear. Remember: survive first, then talk about making money.
Spot regular investment is the foundation: At least 70% of the position should be in spot regular investments. The remaining 30%, consider new projects or high-risk/high-reward potential projects (be cautious!).
Project selection must be strict: There are countless projects in the cryptocurrency world, for those with costs (like Gas fees) or high risks, observe more and act less, ensuring your moves are well-founded.
The investment period should be clear:
Bear to bull: Only buy, don’t sell, buy when it drops, buy heavily when it drops significantly (within the plan).
Bull to bear: Only sell, don’t buy, sell when it rises, sell in batches.
Learn to 'eat fish' by observing emotions: Judge the project phase from the atmosphere of the community you joined.
Group excitement, shouting to buy everywhere (especially if multiple groups are shouting): This might be a temporary peak; consider taking profits in batches.
Low morale in the group, complaints everywhere, the whole network is criticizing: This might be a temporary bottom, worth paying attention to.
Selling with strategy: For short-term skyrocketing projects, first recover the principal + part of the profit, let the remaining profit run, and maintain a steadier mindset.
Focus on the leaders: Whether it's short-term trends or long-term narratives, prioritize participation in the leading (Top 1-2) segments or protocols in the niche, as the consensus is stronger, the stories are easier to spread, and the liquidity is better.
Execution is key: The essence of wealth accumulation is action. → Want to go live/sell products? Try broadcasting first! → Want to create content? Post a few test feedbacks every day! The cost of failure may be low, but the rewards of success are limitless. What you often lack is not ideas, but the determination to take action.
Market starts, profits double! Grasp the trend, and wealth will naturally come.
Playing around in the cryptocurrency world is essentially a contest between retail investors and big players. Without solid professional skills and mentality, it's easy to be harvested. If you want to learn layout strategies and improve your understanding, feel free to follow (public account: YuanYuan Gather Wealth) and discuss with more like-minded people in the cryptocurrency field~
If you want to treat trading cryptocurrencies as a second career, then seriously learning, understanding, and practicing these experiences and lessons can at least help you avoid many detours!
