The Rise and Fall of the Cryptocurrency World: Surviving is the Hard Truth
After losing six million in the crypto market, I finally realized that the competition here is not about IQ but about survival wisdom. If you don't build a solid defense at key moments, it's no different from digging your own grave.
After my account broke into eight figures, I summarized ten survival rules:
Do not touch long-term holdings with small amounts of funds; focus on capturing the benefits of main upward trends when good news arises.
More than 70% of projects will experience a pullback the next day; if you leave too slowly, you become the prey of the market makers.
Be especially vigilant during holidays; below the annual line, 90% of traders fail miserably, and if there is a rebound of over 8%, take profit immediately; V-shaped reversals are often illusions.
For short-term trading, pay attention to three high indicators: extreme volatility, frequent turnover, and significant controversy. Continuous two long bearish candles combined with an RSI below 20 is the entry signal.
Holding a position more than 7% without exiting will inevitably lead to becoming a sacrificial offering; taking a profit of 5% is to secure peace. Greed is the biggest enemy; focus on refining a single strategy, and extreme operations can lead to wealth.
Three years of practice with this system has brought me considerable profits; I don't touch any other models.
Most people fall at the obsession with 'buying the dip,' thinking they have hit the bottom, when in reality, they have fallen into an abyss.
True bottom signals often come with three hidden conditions, and even if disclosed, they are hard to gain trust.
Those who understand these principles have already lived longer than 90% of participants.
The essence of investment is a probability game, and a risk control system is the true moat.
There are no lone heroes in the crypto world; closing the door and working in isolation makes it hard to find good opportunities.
Welcome to share insights and explore trend turning points together, firmly holding the course amidst turbulent waves. Survival rules never go out of style; let us encourage each other.
Trading cryptocurrencies means repeatedly doing simple things, persisting with one method over a long time until it becomes second nature. Trading can be like any other industry; practice makes perfect, and decisions can be made effortlessly.
This year marks my seventh year of trading cryptocurrencies. I entered the market with 10,000 and now support my family through trading!
I can say that I have used 80% of the methods and techniques in the market. If you want to treat cryptocurrency trading as a second profession to support your family, sometimes listening more and observing more can reveal insights beyond your current understanding, at least allowing you to avoid five years of detours!
Follow me @加密大师兄888 . There are many souls lost on the path of crypto; Master only saves those with fate, accepting disciples...