Let me share my experiences. Like everyone else, I also came from a rural background. I changed my destiny through the cryptocurrency circle, turning 100,000 into what I consider financial freedom, around 37 million.
After graduating from university, I started working, earning over 5,000 a month. Later, I accidentally got in touch with cryptocurrency contracts, tried it myself, and ended up losing terribly! I was also in debt of 100,000, feeling very desperate...
Later, I kept adding community teachers, seniors, and entered one group after another. I started learning, accumulating, and improving my understanding, applying the knowledge I learned in practice. After experiencing two bull markets, my assets reached eight digits in 2024. Today, I want to share some personal experiences here:
Most in the cryptocurrency circle are short-term traders. When trading, it is hard to have the opportunity to stick to the ideal closing point, and they are also not very proficient in position control. They cannot rely on fluctuations to average out prices. Given this situation, for most traders, a good opening price is better than anything else.
Once there is a profit, take some out first for safety, and set the stop loss at the cost price for the remaining portion. This is something I have always emphasized in my community.
The essence of contract trading strategies
(1) Identify the main trend and trade in line with it; otherwise, do not enter the market.
(2) If you are trading with the trend, the entry point:
1. New breakthrough point of the trend;
2. Breakthrough point of a sideways consolidation trending in a certain direction;
3. Retracement points in an upward trend or rebound points in a downward trend.
(3) Trading in line with the trend will bring you substantial profits, so never get off early;
(4) If the position aligns with the larger trend, and the paper profit has proven you are correct, you can conduct pyramid-style position increases; (refer to point two)
(5) Maintain the position until the trend reverses and close the position.
(6) If the market trend is opposite to the position, stop loss and run quickly.
In addition to adhering to the above strategies, remember three qualities: discipline, discipline, and discipline!
The way of ease is to accumulate little by little, compound interest is king. If you have deviated from the cost, you must resolutely avoid turning back into a loss. If there is a profit, definitely take part of it to prevent losing effort. In summary: If you make a profit, be bold in taking action, and leave the rest at the original price for loss.
Welcome everyone to follow me and share experiences in the cryptocurrency circle.
