After 10 years of trading cryptocurrencies, I turned an initial investment of 100,000 into 20 million, using only a 5-layer position strategy. With this method, my monthly return can reach 70%. I shared the essence of this with my apprentice, who has mastered it, achieving a double return in just three months using this method. Today, I specifically organized my valuable insights to share with those destined to benefit from it.
Everyone comes to the cryptocurrency world with the same intention, and this is undoubtedly true. If you are just here to pass the time and play around, this is not the right place for you. We come to the crypto world to gain more returns and improve our families' lives. If technology in the crypto world is a prerequisite for profit, then adhering to strict iron rules is the key to long-term profitability.
If you want to treat cryptocurrency trading as a second source of income, wish to share in the profits of the crypto world, and are willing to spend time growing and learning, then this article should not be missed. Read it carefully; every point is the essence of the stock market. Regardless of whether it's a bull market or bear market, these 8 iron rules can help you! I will also share my ten years of experience in cryptocurrency trading later!
I can achieve financial freedom in the cryptocurrency world!
These eight iron rules must be reviewed before entering the market every day, allowing me to avoid disaster in round after round of declines.
Today I share this with friends who are destined to see it, hoping it provides some inspiration.
1. When entering the market, do not only look at the cryptocurrency K-line trend; especially for short positions, you also need to look at the 30-minute K-line. At this moment, the overall market should stabilize and resonate before you can proceed. For instance, sometimes you see a K-line with a long upper shadow and feel there is no opportunity, but the next day it breaks out significantly or even hits the limit; if you check the 30-minute K-line, you might see the underlying intricacies.
2. If the trend and order are incorrect, simply observing more will lead to mistakes. You must follow the trend, and at the same time, the order of the rise must not be disrupted.
3. If you are not in a hot spot or a potential hot spot for short positions, it’s better not to trade.
4. Give up all impulsive entries. Trade according to your plan, and plan your trades.
5. Any person's viewpoint or opinion is merely a reference; you must have your own thoughtful consideration and serious analysis.
6. First lock in your direction, then carefully select a coin. When the direction is correct, you can achieve twice the results with half the effort; when the direction is wrong, you'll expend double the effort for half the results.
7. Get involved with coins that are currently on the rise. Guessing bottoms is a big taboo; you always feel a rebound is imminent, followed by a final shakeout. Stock prices always move towards the direction of lower resistance; getting involved with coins that are currently rising means choosing a direction with less resistance.
8. After making a big profit or incurring a significant loss, clear your positions and reassess the market and yourself. Understand the reasons behind the big profits or losses before taking action again. In my years of trading, I've found that clearing positions after big profits or losses has a success probability of over 90%.
You think you are trading the market, but in reality, you are trading yourself. The external success we see is merely a result and a display; behind the success are immense perseverance and patience. Greatness is always accompanied by suffering. Time is the most valuable asset; endurance is more important than intellect. Natural talent is not crucial; mindset is very important!
