In the cryptocurrency circle, a friend from Beijing was in debt of 60 million due to a contract liquidation three years ago, and then he chose to go into seclusion for training.

Now, he has not only repaid his debts but also has an enviable wealth, with a monthly income reaching seven figures and an annual income as high as eight figures!

Recently, we had the fortune to meet.

He shared with me the trading methods he gained from three years of seclusion and enlightenment. I organized them and verified them through thousands of trading practices, discovering that the win rate is as high as 98%! Now, I am willing to share this valuable experience with those destined to receive it.

The common problem among retail investors worldwide is: holding on when losing and rushing to sell at the slightest profit.

They often do not look at the trend or trading volume, only at the limited profits in their accounts. However, the correct approach should be the opposite: hold on to profits and let them run;

When losing, decisively cut your losses to control them. My principle for taking profits and cutting losses is: when profits reach 15%, if the profit falls back to 10%, I take profits;

If your loss exceeds 5% of the principal after buying, cut your losses. With this strategy, even if your win rate is only 50%, after 100 trades, the profit can reach an astonishing 300%!

But the difficulty lies in human greed and fear. Unity of knowledge and action, remember that trend is king, and go with the trend. Once a trend is formed, there is no need for excessive analysis; you must follow it.

Follow the money flow, do not speculate, predict, or assume. If you cannot judge the trend, look at the moving averages.

Moving averages divide the market into bullish and bearish: bullish is upward, bearish is downward. For short-term trading, look at the daily moving average; if there is a volume breakout, follow up; for medium to long-term trading, look at the weekly moving average; if there is a volume breakout, enter; if it falls below, exit.

Going with the trend means not going against it. When the market is bad, decisively stay in cash; do not easily bottom-fish when the trend of the currency is downward. Do not fantasize about buying currencies that are rising against the market, nor expect a rebound just because you bought. The probability of such situations is too low. The core of trading cryptocurrencies is to only engage in high-probability events and give up on low-probability events.

Daring to admit mistakes and promptly controlling losses is your fundamental way to survive in the market. Its importance far exceeds that of not making a profit today. No matter what method you use, mastering one is enough. You must use this method precisely, perfectly, and thoroughly.

To do short-term trading, you must look at the 15-minute, 30-minute, and 1-hour candlestick charts.

The KDJ indicator can be used to find the entry and exit points of the day; the OBV indicator can help identify the intentions of the main force. The most fundamental difference between washing and unloading is in volume contraction and expansion. For currencies that are strongly attacking, if a risk warning announcement appears, it can be understood as just a volume contraction and shakeout, and there is still potential for new highs.

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