Brothers, let's talk about some practical things. I was born in 1990, 35 this year, 10 years in the crypto space, from losing 200,000 to 30,000, and then turning it into the current 50 million
Millions in net assets. Not by luck, but by a set of trading logic that can withstand bull and bear markets.
The following 11 points are my practical mental methods that I have exchanged for blood losses, and each one can save lives.
1. Not moving sideways is winning
Sideways movement must change. When the market moves sideways, don't guess whether it will rise or fall, just wait and see. In 2018, I was all-in on BTC's sideways position, and as a result, a big negative line
Directly halved, losing 70,000. Remember: when the market is sideways for more than 5 days, observation is more valuable than attack.
2. Exit popular coins in three days
Popular coins are like hot oil pans, they heat up quickly and cool down quickly. I once lost 80% overnight due to being greedy for popular coins. From then on, I made a rule: popular
Don't be reluctant to fight, the group starts shouting "get on the bus"
", I will reduce my position; once someone starts scolding, clear it directly.
3. Take it boldly when the trend is strong
ETH once gapped up 100 dollars, many people shouted induce more, I insisted on holding, and then it rose to 2800, taking down 800,000 in one fell swoop. Strong trend
Momentum + volume = main uptrend wave, don't get off the bus easily.
4. Take profits first on huge volume positive lines
Huge positive = main force pulling up to ship, especially at high levels. The time BTC broke through 48,000, I saw the abnormal volume and immediately reduced my position, the
The second day's pullback verifies the judgment. On the day of the huge positive line, sell half first to protect profits.
5. Moving average is a traffic light
Buy when the price retraces above the 20-day moving average, and sell when it rebounds below it. Don't go against the trend, the moving average is your "seat belt".
6. Three No-Operation Rules
Don't sell when the price rises, don't buy when the price plunges, and don't move when the market is sideways. Buying low and selling high is not just a slogan, but sticking to principles. Frequent trading is not equal to effort.
Than effort, is feeding the handling fee.
7. Always diversify positions, never be greedy and fully invested
The crypto space is not short of opportunities, the most feared is going all-in and losing everything. Even if you are 100% optimistic, only invest 10%, and then earn the rest
Add more.
8. Watch the market's reaction to good and bad news
News is not important, the market's "expression" is what matters. Good news doesn't rise = signal to run away, bad news doesn't fall = opportunity to buy the dip. Always watch fund movements
Direction, don't be scared by the title.
9. Use indicators precisely, not in quantity
MACD looks at the trend, Bollinger Bands look at emotions, and volume distinguishes truth from falsehood. Technical indicators do not predict the future, but verify the current
10. Plan every transaction
Write down what to buy, how much to buy, the stop-loss point, and the take-profit line! A trading plan is the rein to restrain impulsiveness. Think clearly before getting on the bus, earning
Rest assured, and willing to lose.
11. Must set stop-loss and take-profit
Without a stop-loss, you will be liquidated sooner or later; without a take-profit, profits will slip away. Cut losses when the price drops more than 3%, sell half when it rises to the expected level - have the confidence when earning,
Confidence, not panic when losing.
I only had 30,000 left in the most difficult time, but I didn't give up. Not because I am gifted, but because I understood early on: the crypto space is not about speed
