$BTC Three years of cryptocurrency trading, from 10,000 to 10 million: six rules for steady progress
In the past three years, I have achieved a leap from zero to 10 million with a capital of 10,000 yuan. This journey has been full of challenges and growth. The following are some valuable experiences I have summarized, which may provide inspiration for your investment journey:
1️⃣ Fund management is the cornerstone of success
• Divide the funds into five equal parts, invest one-fifth each time, and set strict stop-loss rules.
• Set the stop loss for each transaction to within 10%.
• The stop loss of the total funds is controlled within 2% to avoid excessive impact on the overall funds due to continuous losses, but when the right opportunity is seized, the profit will make up for and far exceed the loss.
2️⃣ Go with the trend, don't go against the trend
• Don't rush to buy at the bottom: short-term rebounds when the market falls are often traps to induce buying, and waiting for a clear reversal signal is more critical.
• Don't exit easily: In an upward trend, there is no need to rush to cash in profits, and patient holding may bring more generous returns.
3️⃣ Stay away from short-term skyrocketing currencies
• Whether it is mainstream currency or altcoin, short-term skyrocketing currencies often lack sustainability and are prone to sharp pullbacks.
4️⃣ Technical indicators are reliable tools
• MACD: When the DIF and DEA lines cross below the 0 axis and break through the 0 axis, it is a buy signal; on the contrary, if they cross above the 0 axis and go down, it is the time to reduce positions or sell.
• Covering strategy: only increase positions when you make a profit, and never increase positions when you lose money, so as not to get into trouble.
5️⃣ Trading volume is the market's weather vane
• A low-level breakthrough is often a sign that the market is about to start.
6️⃣ Multiple reviews
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