🌈I have been navigating the cryptocurrency world for many years, going through four stages
First Stage (2016-2017):
When I first entered the market, I was fearless. I caught the bull market in 2017, turning an initial capital of 100,000 into millions, relying on luck and the booming market, but later got a harsh lesson from the market.
Second Stage (2018-2019):
The market plummeted, I started to reflect, realizing that making money depends on trends and capital management, gradually clearing out altcoins and shifting focus to Bitcoin, Ethereum, and stablecoins.
Third Stage (2020-2021):
I learned asset allocation and profit-taking, experienced bull and bear markets, became more stable in mindset, and emphasized prudence and discipline.
Fourth Stage (2022-Present):
I remain optimistic about the future of the cryptocurrency world, persistently holding onto quality coins, waiting for value to be released.
Simple and practical trading methods:
Use 5, 15, and 30-day moving averages to judge trends; the 30-day moving average is the lifeline.
Divide capital into three portions: buy 30% on a 5-day breakout, buy another 30% on a 15-day breakout, and buy the remainder on a 30-day breakout.
Cut losses promptly if the corresponding moving average is breached; strictly enforce buying and selling discipline.
Investment rules:
Only buy coins with an upward trend, avoid falling coins.
Do not invest heavily in one coin at once, diversify risks.
Strictly cut losses, decisively sell off during losses.
Do not blindly chase highs and sell lows; avoid frequent trading.
With limited energy, do not hold more than 10 coins.
Low price does not necessarily mean it's a buying point; high price may continue to rise.
Essential technical indicators:
MACD: To judge buy and sell signals.
RSI: Overbought and oversold alerts.
Bollinger Bands: Price volatility range.
EMA: Trend judgment and support/resistance.
VWAP: Average transaction price.
Trading volume: Market activity level.
Investment mindset:
Invest with spare money, avoid affecting your life.
Understand yourself, control emotions.
Do not blindly follow trends, stick to your discipline.
Be decisive in cutting losses when necessary.
Take reasonable breaks to avoid judgment fatigue.
Patience is an important part of investing.
Set stop-loss points to avoid significant losses.
Enter the market after confirming the trend, avoid chasing highs and cutting lows.
These are the practical experiences I have summarized over the years, hoping they will be helpful to you!
