Three years of cryptocurrency trading: sharing insights from growing 10,000 to 10 million: the secret to winning steadily
In the past three years, I started with a capital of 10,000 and successfully grew it to 10 million. Along the way, I have accumulated a wealth of experience and insights, which I now share with everyone.
1. Capital Management: The cornerstone of stable investment
I always divide my capital into five parts, using only one-fifth of the capital for each trade. At the same time, I set strict stop-loss lines, ensuring that no single trade loses more than 10%, and keeping total capital loss within 2%. This capital management strategy allows me to maintain small losses even during consecutive mistakes, and once I seize a profitable opportunity, the gains often easily cover previous losses.
2. Following the trend: grasping the pulse of the market
In a downtrend, I never recklessly try to catch the bottom, as most of the time this is just a trap for the unwary. I patiently wait for clearer buying signals.
3. Staying away from coins that experience short-term surges
Whether mainstream coins or altcoins, coins that continuously surge are extremely rare. Most coins will fall into stagnation or even retracement after a surge. Therefore, I never harbor any luck in betting on miraculous high-position surges.
4. Effectively using technical indicators
MACD is one of the technical indicators I frequently use. When the DIF line and DEA line cross upwards below the zero axis and break through the zero axis, I consider buying; conversely, when they cross downwards above the zero axis, I consider reducing my position. Additionally, I have clear strategies for averaging down: I only increase my position when in profit to avoid deeper entrenchment.
5. Trading Volume: The key to insight into market trends
I closely monitor the situation of low-level breakout on increased volume, as this is often an important signal for market trends. At the same time, I insist on only trading in rising trend coins, judging whether the trend is established by observing the movements of the 3-day, 30-day, 84-day, and 120-day moving averages.
6. Review and Strategy Adjustment
After each trade, I conduct a review to re-examine my holding logic. In conjunction with the weekly K-line trend, I flexibly adjust my trading strategy to ensure that my investment plan remains in sync with the market.
Currently, I am positioned for a short-term 1-5 times and a long-term over 10 times Ethereum chain Musk concept 𝑝𝑢𝑝𝑝𝑖𝑒𝑠!
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