"Are you like this when you just entered the crypto world?—
Bitcoin has risen: slap your thigh!
Ethereum has fallen: pull your hair!
Others flaunt their profits: sour as lemon essence!
When I go all in: instantly turn into a philanthropist!
Don't panic! Today's 'Survival Manual' is designed to cure newcomers' high blood pressure, insomnia, and impulsive behavior; reading it will immediately evolve you from being a 'greenhorn' to a 'scythe'.
Three major survival rules for newcomers (stage 1-100,000)
1. First, be a 'crypto elementary student', don't pretend to be 'The Wolf of Wall Street'
What to do: Treat the Bitcoin and Ethereum white papers as romance novels, memorize the introductions of the top 20 coins as if they were fan manuals!
What not to do: Jump straight into studying DEFI, NFT programming languages? Wake up! You can't even spell 'blockchain' correctly!
2. Mixing in communities is more important than mixing in nightclubs
What to do: Find a quality project community to dive into, learn the lingo, copy homework, and hug the big legs, becoming a 'community external administrator'!
What not to do: Dip your toes into every track? Are you here to trade cryptocurrencies or to collect stamps?
3. The way to make money should be like a 'tortoise', don't learn from the 'rabbit'
What to do: Find a proper job (like web development), use your salary for regular investments, and rely on it for your midlife savings!
What not to do: Open contracts, trade 'dog coins', play with leverage? I suggest you donate directly to the exchange; at least you can leave with a reputation as a philanthropist!
Five major ways to play with death (with rescue plans)
Playing with death 1: Believing in 'big gift packages'
Symptoms: Seeing '888 yuan wealth password gift package' and impulsively buying, only to find it's all just emoji.
Rescue: Save this money to buy pork ribs, isn't that more appealing?
Playing with death 2: Acting as the 'resource integrator'
Symptoms: Pulling in project parties with the left hand, pulling in exchanges with the right hand, only to find out that you are the one being 'integrated'.
Rescue: Remember! The resources of big players in the crypto world can cause fractures for newcomers!
Playing with death 3: Chasing 'quality projects' like chasing stars
Symptoms: Hearing that a certain project is 'the next Bitcoin', going all in only to find yourself becoming 'the next victim'.
Rescue: Quality projects are not for you to support, just like the goddess is not for you to confess—recognize reality!
Playing with death 4: Treating the cryptocurrency market as an amusement park
Symptoms: Playing with every project ends with an empty wallet, numbness, leaving only a pile of air coin souvenirs.
Rescue: The crypto world is not Disney; to play, you need to spend money. Only by focusing on digging a well can you drink water!
Playing with death 5: Believing in the 'One Shot Philosophy'
Symptoms: Always wanting to do something big, resulting in either getting rich or dying (with a high probability of the latter).
Rescue: Remember! The only guaranteed profit in the crypto world is exchange transaction fees!
"Congratulations if you haven't unfollowed after reading this article!"
You have already surpassed 99% of newcomers in the cryptocurrency market -
They are still asking 'how to withdraw', while you have already learned 'how to save your life'.
I entered the cryptocurrency market in 2014, have been trading for ten years, and have been teaching professionally for over six years! I developed a super awesome software and indicators with trading masters from four countries plus the 333 strategy!
The 333 strategy is also a complete trading system, suitable for short, medium, and long-term trading, with both buying and selling points.
Having started from stocks, futures, and gold, I found that the most interesting market is the cryptocurrency market! The charm of this market lies not only in the T+0 trading mechanism but also in its endless possibilities! The main play is to focus on mainstream spot currencies, and after solidifying the foundation, doing contracts is just icing on the cake! Start with small funds, use low leverage to control risks and ensure the principal for manageable trading!
"The 333 position control method" can be simply understood as if the position is ten layers, then first buy 3 layers, then buy another 3 layers, and finally buy the last 3 layers. So that's how you use the 333 position control method.
The importance of the 333 position control method:
1. Successful investment = objective and clear rules + patience to wait for opportunities + rational position control + decisive stop-loss + courage to expand profits.
2. In the cryptocurrency market, whether to short or go long is indeed a question; however, in such a random stock market, as long as you manage your positions well, you can still make money.
3. Position management is the technique of deciding how to enter in batches and how to set stop-loss/stop-profit when you decide to go long on a particular investment. Manage each aspect of entry, stop-loss, and take profit well.
Perform a 3-layer operation on the selected stocks first, and during the first rise, you can appropriately reduce your position.
After adjustment, when a golden cross appears, you can increase your position; during the second rapid and high rise, you can perform a high sale at a high price.
With this operation, achieve reasonable position control and effective profit.
The so-called 333 position control method can not only effectively control positions and achieve stable profits, but also has another use. It is used for unblocking operations.
1. If you are trapped at a high position, make a reasonable first increase in position according to the 333 position control method.
2. Control positions when rebounding to high levels and perform a reduction operation.
3. Cycle this process, continuously performing addition and reduction operations, successfully using the 333 position control method for unblocking operations. Then successfully unblock.
Important notes for the 333 position control method:
First: decisively buy in 3 layers for what you are optimistic about.
Secondly: the stocks you are optimistic about must undergo comprehensive analysis and judgment, not just randomly buying any stock you see.
Finally: there is always a probability of decline, so if the chosen ones really drop, you need to make other plans.
Friendly reminder: When buying a cryptocurrency, never exceed 70% of your capital, and never go all-in. The remaining 30-40% of your position should be used for high selling and low buying during the rise, reducing costs and increasing profits.
How to make money in the crypto world: your first million!
1. Choose the right target: Don't waste your youth on 'junk coins'. The crypto market is like a vegetable market, some sell cabbage while others sell gold. If you enter the market with a few thousand yuan, don't touch those altcoins with names you can't even pronounce. Mainstream coins are the bottom line: Bitcoin (BTC), Ethereum (ETH) are the 'big brothers', large market capitalization, low volatility, suitable as ballast. Don't be fooled by their slow rises; they can help you avoid 90% of the pitfalls. Look for potential coins based on two points: either technically strong (like blockchain projects solving real problems) or an active community. Don't believe in the nonsense of 'hundredfold coins'; survive the bear market first.
2. Regular investment: Be friends with time, don't always think about getting rich overnight. Do you think making money in the crypto world relies on 'going all in'? Wrong; the most stable strategy for ordinary people is regular investment. Buy a little every week/month: for example, set aside 1000 yuan each month to buy ETH; if it drops in a bear market, consider it as accumulating cheap chips, and in a bull market, don't be greedy—sell in batches when you reach your desired price. Don't let FOMO emotions control you: seeing others flaunting contracts and making millions, do you feel itchy? Remember: contracts are a gambling house; spot trading is the right path. Avoid contracts, avoid contracts, avoid contracts!!!
3. Empty-handedly catching white wolves: The 'lying down to earn' posture of grabbing airdrops. There are indeed ways to make money in crypto without spending—grabbing airdrops! Keep an eye on new projects: many blockchain projects will offer benefits (like free tokens) before they launch, so register more wallets and participate in testnet tasks; if you're lucky, you can grab several thousand yuan at once. Pitfall guide: Don't believe in the scam of 'paying to receive airdrops'! Legitimate projects are all free.
4. Follow the smart money: Don't blindly think on your own. The information gap in the crypto world is too large; learning to 'copy homework' is more effective than your own research. Look at whale addresses: use Etherscan to check the wallets of big players; buy what they buy (but don't follow them blindly!). Engage in communities to dig for news: it's better than looking at K-lines for sensing opportunities.
5. Buckle up: Losing money is easier than making money. A day in the crypto world is like a year in the real world. If risk control is not in place, it can go to zero in minutes. A stop-loss line must be set: cut losses if the principal drops by 20%, don't fantasize about 'it will rise back eventually'. Investing spare money: using living expenses to trade cryptocurrencies? That's asking for death!
Finally, let me say something human: making tens of thousands from a few thousand boils down to three points: choose the right coin, hold on to it, and don't be greedy! Don't envy 'wealth myths': Li Xiaolai has said before, those who make big money in crypto are all 'hold on' fools. Slow is fast: I've seen too many people mess around with contract leverage, ending up losing their underwear. On the contrary, Old Wang next door invests 500 yuan in BTC every month, plays dead in the bear market, cashes out in the bull market, and after five years, he has multiplied his investment thirty times. Remember: there are no shortcuts in crypto, but there is always a suitable path for ordinary people.
Opportunity has come, assets double! Follow Cheng Ge closely, and easily make big money.
Keep an eye on: MAGIC, IDEX
