Hello everyone, I am Qiongqi, currently sharing my cryptocurrency knowledge at Binance Square. If you find it helpful, please give me a follow to get timely updates on new knowledge points.
From 100,000 to 42 million: My mindset helps fans see through the crypto world.
Three years ago, I entered the market with 100,000 yuan, and now my account value has reached 42 million. Once, while having tea with a fan, I told him: 'The crypto world is a mob. As long as you can control your emotions, this market is an ATM.'
I not only know how to trade but also understand the mindset. Later, I found that these strategies can be condensed into two core principles - the mantra and trading methods.
1. The dual cultivation mantra of mindset and operation
1. Prepare before entering the market, enter steadily, and avoid going all in.
2. When the price breaks new lows during a low-level consolidation, it is a good time to buy in heavily; when it is high-level consolidation, decisively reduce positions.
3. Be brave to sell when the price rises, be brave to enter when it dives, and a slow decline is a good time to gradually add positions.
4. Buy on down days, sell on up days; buy early when it drops, sell early when it rises, and do not chase highs in the afternoon.
5. Having a full position is a major taboo; a big rise must have a pullback; a stable mindset is more important than precise techniques.
2. Combining technicals and rhythm to trade
1. Trade in a range, use the box to sell high and buy low, combined with the BOLL indicator, and avoid greed.
2. Breakout after consolidation, enter when the direction is clear, and be quick to enter and exit.
3. In a one-sided trend, follow the trend; entering during a pullback is the most stable.
4. Focus on key resistance and support levels, let the market signal itself.
5. Pullback and rebound, a retracement after a big rise or fall is often a short-term opportunity.
6. Trade during different time periods; small fluctuations during the day are suitable for conservative traders, while large fluctuations in the evening suit technical traders.
I often tell fans: 'Trading cryptocurrencies is actually about trading mindset. The prerequisite for being able to trade is that you must first be able to control your hands and your heart.' #美国7月PPI年率高于预期 $BTC $ETH