The following is an optimized version of the experiences I've summarized from trading cryptocurrencies:
Three years of trading cryptocurrencies, from 10,000 to 10 million: Six fundamental rules for steady progress
Over the past three years, I have achieved a leap from zero to 10 million with an initial capital of 10,000. This journey has been filled with challenges and growth, and I have summarized some valuable experiences that I hope will provide insights for your investment journey:
1. Capital management is the cornerstone of success
- Divide your capital into five equal parts, investing only one-fifth in each trade, and set strict stop-loss rules.
- The stop-loss for each trade should not exceed 10%.
- Control the total capital's stop-loss to within 2% to avoid severe impacts from consecutive losses on the overall capital, but when the right opportunity is captured, profits can compensate for and exceed the losses.
2. Follow the trend, do not act against it
- Do not rush to buy the dip: short-term rebounds during market declines are often traps; waiting for clear reversal signals is more important.
- Do not exit easily: holding patiently during an upward trend may yield higher returns.
3. Steer clear of cryptocurrencies with short-term surges
- Whether major coins or altcoins, cryptocurrencies that surge in the short term usually lack sustainability and are prone to significant corrections.
4. Technical indicators are reliable tools
When the DIF and DEA lines form a golden cross below the zero axis and break above it, it is a buying signal; conversely, if they form a death cross above the zero axis and move downward, it is time to reduce positions or sell.
- Averaging down strategy: only increase your position when in profit, avoiding adding to losing positions.
5. Trading volume is the market's barometer
- A breakout with increased volume at low levels usually indicates the start of a market trend.
6. Conduct regular reviews
- Periodically review and analyze your trading strategies to identify key factors behind your successes and failures.
About **Trump-themed Meme Coin — CONAN (xBQt)**:
- CONAN has emerged in the world of meme coins; this legendary military dog is the only one to receive the "Presidential Medal of Heroism," having achieved accomplishments in special operations and received personal recognition from Trump.
- Launched on January 24, it surged a hundredfold, becoming a dark horse in the meme coin market.
- Currently, it is consolidating around a market cap of 8 million, which may represent a potential investment opportunity.
#CONAN #微策略持续增持BTC #加密市场反弹迹象 #Trump $SOL
