Why is it that after many people enter the cryptocurrency world, they lose interest in working or starting a business?
Because money in the cryptocurrency world really comes too quickly, with leverage of a hundred times, you can withdraw it in seconds. Many beginners start trading contracts as soon as they enter the cryptocurrency world, hoping to achieve a turnaround in their lives through contracts.
However, Lao Wang does not recommend that beginners start with contracts right away. When beginners first enter, they should not think about how much they can earn, but rather how not to lose.
The fastest way to improve trading levels, which is often overlooked by most people, is to stop and study your losing trades.
Have you noticed that every loss is not coincidental? All your weaknesses in trading, whether it's the lack of a fixed trading model, trading unfamiliar signals chaotically, or holding positions without stopping losses, are reflected in your loss records.
Only by analyzing your weaknesses can you target solutions to problems and have the opportunity to improve rapidly in the shortest time.
Only by continuously learning and improving oneself can one survive in the crypto circle.
You don’t understand anything, you just jump into contracts wanting to make money? Want to make big money? How is that even possible?
Why are you trading contracts in the crypto circle? No matter what the market condition is, you can't do it well? How do those experts operate?
It's just that there are many pitfalls; as the number of failures increases, you naturally gain insight.
Ultimately, it's because 90% of the time, they are not trading. They only act during that 10%, with non-trading time spent observing and waiting.
An excellent general will not easily order troops to move; an excellent hunter will not easily shoot an arrow. If you can understand these two metaphors and achieve them, then you are not far from becoming a trading expert.
I have found that many people trading in the crypto circle cannot find key levels; many fans are stuck on this issue. Today, I will provide a comprehensive explanation based on this common problem.
First, you need to know where key levels should appear and where to find them. I will tell you there are eight places to remember:
First: Historical highs and lows.
Second: The highs and lows of the wave.
Third: The upper and lower edges of the channel.
Fourth: The upper and lower edges of the box.
Fifth: The neckline of the pattern.
Sixth: The golden ratio (Fibonacci retracement).
Seventh: The densely traded area.
Eighth: Adding resonance levels of the same level.
Generally, it can be divided into several types; determining the direction is very important, and key levels are also crucial. If you do not find the right position and recklessly enter the market, you will feel very uncomfortable and easily be swept away by volatile markets.
If you are always unlucky trading in the crypto circle, recite the following mantra. Don’t ask why; recite it three times a day for seven days, and you will see changes.
Morning low open, afternoon surge, this is accumulation!
Morning high open, afternoon drop indicates selling.
Morning rise, afternoon drop, this is a washout.
Frequent volume at low prices indicates building positions.
Frequent volume at high prices indicates selling.
Small rises and falls at low positions, suddenly increasing volume and turning into a long bullish candle indicates a start.
Small rises and falls at high positions, suddenly increasing volume and turning into a bearish candle indicates selling.
Reduced volume in rising markets will continue to rise; reduced volume in falling markets will continue to fall.
Increasing volume indicates upward movement; decreasing volume indicates bottom signals.
A huge drop will inevitably lead to a correction; the probability of a rise after a low-level consolidation is high.
Why do so many people always lose when trading contracts?
Because your trades are chaotic, sometimes going long, sometimes going short. The core of trading is to only follow upward trends. Once you solve the directional problem, you can survive in the market, finding support levels to enter and resistance levels to exit, allowing you to achieve stable profits.
If you can turn your logic into a stable trading model and execute it strictly, you can even live off trading.
So, is trading really that difficult?
As long as you are willing to only take what belongs to you, not being greedy, and only drinking one ladle from the vast river, then you can permanently take from this market.
Why can't you make money from frequent trading?
Because most of the money you earn goes to the exchange. The trading fees charged by the exchange every time you open a position are quite high. If exchanges didn't earn so much, how could they be so rich? It's all contributed by people like you.
Frequent opening of positions is like working for the exchange. Although many people do not care about these fees, it adds up. When your position is large and you have opened many positions, you will realize how significant the fees are. When you calculate it for a month, it’s indeed a large sum. Thus, this is why frequent opening of positions does not lead to profits.
If you want to avoid being scammed in the crypto circle, remember my three sentences; whether you are a novice or an expert, they can save your life!
First sentence: If there's a pie falling from the sky, there must be a trap below.
Pyramid schemes, fund schemes, and air coins all have the same tricks. They first give you a little sweet reward to make you think you can earn big money. As soon as you increase your investment, others will start to run away with the funds. You think you've found a pie, but in reality, you’ve stepped into a trap. Really, if there were opportunities to make guaranteed profits, they would definitely not be left for ordinary people.
Second sentence: Don’t put your hopes in strangers. Those who shout 'Brothers, follow my lead' are always painting dreams for you, claiming to have insider information. But have you noticed that every time you buy, it drops, and every time you sell, it rises? Why?
Because he is in line with the big players; you are just a harvested leek. Remember, there are no saviors in the crypto circle; your money can only be protected by your own understanding.
Third sentence: Money must be in your own pocket to be real money. Once you hand over money to others for management or let others keep your private keys, you will eventually lose both your money and your life. Initially, they might let you take out small amounts to relax your vigilance, but once you transfer a large sum, they can clear it out in the background, leaving you with no chance to defend your rights.
Finally: There are risks in the crypto circle; investment requires caution!
Lao Wang's team has been in the crypto media for 7 years, with 5 years of experience as a crypto trader.
Focusing on legal regulations and consultations in the crypto circle.
Main business areas.
On-chain analysis, proof assistance, fund chain sorting;
Consultation on mistakenly frozen bank cards and providing solutions.
Appeal for wrongful harm from dual card lists.
Appeal for wrongful harm from card disconnection penalties.
Judicial freeze by the exchange.
Safe withdrawal channels in the crypto circle without frozen cards.
A single tree cannot form a boat, and a lone sail cannot travel far! In the crypto circle, if you do not have a good network and do not have first-hand information from the crypto world, then I suggest you follow Lao Wang, who will help you profit without investment. Welcome to join the team!!!
