After 6 years of trading, I made 32.08 million! Today I will directly share practical methods for trading:
1. Buy mainstream value coins with a large position, spot (do not trade contracts), regardless of whether it rises or falls, hold it for the medium to long term. Enter based on the entry price, and use the rolling position strategy (increasing or decreasing positions).
When the market crashes significantly, don’t panic if the four-hour chart does not break the 20-day line, for several reasons:
a. Contract Explosion: If you don’t have the skills, do not easily play with contracts; the data is completely different from spot. Protecting your principal is necessary to continue enjoying the bull market dividends!
b. Demand for Pullback: After a surge in mainstream value coins, if they open high above the five-day line, they generally need to pull back to the five-day line or even the ten-day line before they can store energy for further increases!
c. Cutting Leeks: Retail investors love to chase highs and cut losses. After retail investors chase high, the big players will quickly drop the price to scare retail investors into selling their positions.
2. For profitable trades, reduce positions in advance or sell in batches at high positions to lock in profits;
3. Pre-set orders at the daily level on the 5-day line, 10-day line, and 30-day line in batches to buy low;
4. Use the life line strategy to judge the trend of rises and falls. If the trend changes and effectively breaks below, reduce positions promptly on the pullback to the life line.
5. During a surge, always have risk awareness, do not blindly chase highs; during a crash, have opportunity awareness and buy low in batches.
6. For profitable positions, reduce appropriately to avoid rollercoaster trading. For bottom-fishing trades, it is recommended to set stop losses to protect the principal.
7. If the direction is unclear, it is better to miss out than to make mistakes. Protecting the principal allows you to smile longer.
8. New group members should not rush to make money and should avoid greed. First, learn to follow trades seriously, cultivate mindset and skills, practice with small funds, become familiar with the rise and fall patterns of digital currency trading, and find your trading sense to reduce transaction costs while learning and practicing! #狂人谈币 #你问我答 $BTC