In the cryptocurrency world, going from 60,000 to 4,850,000, you just need to remember these few sentences!
1. Short-term
1. Focus only on the top 5 mainstream cryptocurrencies every day, based on current market hotspots, news, daily MACD golden cross, BOLL convergence and divergence, combined with market trends, comprehensively consider, and select varieties with large fluctuations for trading.
2. Control your position well:
50,000 divided into 20% means 5 parts, take one part for building positions each time.
3. Never go all-in, at most 50%, always keep 50% as a buffer to wait for opportunities.
4. Do not exceed 3 trades in one day, you must keep it under control.
5. Never average down, if you enter a position and lose 30%, withdraw in time, this indicates that the timing of entry was incorrect.
6. Set a stop-loss at 30%, if it breaks, close the position unconditionally, do not hold onto the position, holding onto it will lead to death.
7. Never fall in love with candlesticks, enter and exit quickly, remember!!!
8. Go with the trend, trends are king, only trade mainstream, do not trade small, counterfeit varieties!
2. Cryptocurrency life-saving mantra (recommended to memorize)
1. Don't rush to flee when there is a big drop in the morning, usually, there will be a rebound in the afternoon!
2. If there is a big rise in the afternoon, reduce your position, the probability of a pullback at night is high!
3. If there is a decrease in volume while rising, it will continue to rise; if there is a decrease in volume while falling, it will continue to fall.
4. Major meetings or favorable news will usually lead to a rise, and once it is realized, it will fall.
5. If there is a continuous big drop during the day domestically, buy the dip, at night at 21:30 foreigners will pull the market.
6. The key signal when buying and selling is the pin, the deeper the pin, the stronger the buy and sell signal.
7. When you have a heavy position, you will definitely face liquidation, why? You are on the exchange's key focus list for liquidation.
8. After your short position's stop-loss is completed, it will definitely drop, if it doesn't trick you off the train or blow you up, how could it drop? For example, TRB.
9. When you are about to break even, just a little bit away, the rebound suddenly stops, how could they let you close your position and run away?
10. When you take profits, just like a fairy, if you don't get off the train, how can they pull the market? The train is too heavy.
11. When you are excited, the violent waterfall arrives as expected, your excitement is also a lure from the big player.
12. When you are broke, every project is rising, making you FOMO, hurry up and enter the market. So you understand, the market is manipulated with over 80% probability, you must control your position while definitely needing to act first, be clear that before the big player's operation, firmly do not enter the market, once you enter, you become the fish on the chopping board for the exchange. Trading is a test of patience, composure, and timing. $BTC #山寨币市场回暖