1200U flipped to 50000U, really doesn't require complex techniques, just relies on 3 simple methods.
Last month, a fan only had 2800U left and wanted to turn things around. I taught him these 3 methods, and he followed them for 3 months, with his account rising to 68000U, without ever blowing his account.
The first method is to split the money into three parts. Divide 2800U into 4 parts of 700U, without using them interchangeably: one part for short-term trading, trading a maximum of 2 times a day, and taking profits when available; one part to catch trends, waiting for clear weekly trends before acting, and not getting caught in fluctuations; the last part is kept as a backup, in case of a day when the account blows up, to supplement the account and maintain eligibility for continued trading. Never go all-in, if the principal is lost, there will be no chance to turn things around.
The second method is to only earn from trends. Fluctuating markets have many uncertainties and are prone to losses, so it's better to avoid them. If the daily moving averages haven't formed a bullish pattern, just stay out of the market and wait; wait for the price to break through previous highs with strong volume and confirm the trend with a daily close before entering; as long as you make enough profit of 30% on the principal, take half of it off the table for safety, and set a 10% trailing stop for the remaining profit, not being greedy.
The third method is to not let emotions lead you. Set strict rules before entering: if losses reach 3%, automatically close the position without hesitation; if profits reach 10%, immediately adjust the stop-loss to the breakeven point to preserve the bottom profit; turn off the computer at 11 PM every day, no matter how enticing the K-line is, don't stare at it. If you can't sleep, just uninstall the trading app, to prevent emotional interference with trading decisions.
In fact, there really are no secrets, the core principle is to make fewer mistakes. First, memorize and execute these 3 points, then it's not too late to learn those complex technical indicators. In the cryptocurrency world, living in the market is the only way to have the opportunity to make money.
