One of my followers turned $3,000 into $278,000 in one year and three months. He said the key was remembering the seven trading rules from my group, and he shares this today for those wanting to establish themselves in the cryptocurrency market long-term.
One, stopping trading during chaotic times is more important than making a trade.
He once lost nearly a thousand dollars by forcing trades when indicators conflicted and news was chaotic. Later, by following the rule 'if the market is unclear, close the software,' he didn't panic missing out on opportunities, which helped him avoid many pitfalls.
Two, only trade hot coins as a 'fireworks spectator.'
After being trapped by chasing hot trends, he changed to 'reduce half the position at 20% profit, fully clear out if it falls out of the top five on the hot list,' and last time he made $4,000 from a meme coin while avoiding a subsequent 60% drop.
Three, you must 'stay seated' during major trends.
Once, I closed a weekly breakout position due to a 15-minute pullback, missing out on nearly ten thousand dollars. Later, I focused on the weekly chart, set a trailing stop, and ignored short-term fluctuations, which allowed me to hold onto larger trends.
Four, lock in half profits on large bullish candles.
After failing to lock in profits when encountering a large bullish candle, he changed to 'lock in half profits on large bullish candles, use 10% of the remaining position for trailing stops,' which preserves opportunities while securing gains.
Five, moving averages are a lifeline.
Eliminate complex indicators and only focus on the 5-day and 20-day moving averages: enter on golden crosses and exit on death crosses, achieving a win rate of 61% without being misled by false signals.
Six, the principle of breaking even is to trade.
Change the instinct of 'wanting to sell when prices rise and wanting to cut losses when prices fall' to 'add to positions during pullbacks to the moving averages in an uptrend, and scale in on decreasing volumes during downtrends,' controlling emotions through rules.
Seven, always scale in and never go all in.
He once went all in and faced liquidation, but later divided his funds into five parts: add to positions on broken support, reduce on broken resistance, never go full position, which became the key to his steady profits.
The cryptocurrency market is not short of opportunities, but lacks people who can survive until the opportunities arrive. Post these seven rules next to your monitor, read them before placing an order, it's more effective than following tips. Surviving means you have already won 90% of the battle. #币安HODLer空投DOLO #ETH走势分析 #比特币巨鲸换仓以太坊 #机构筹资布局SOL #币安钱包TGE $CFX $ENA $ETH
