Ten years of cryptocurrency trading, my experience
I am a post-90s cryptocurrency trader who has been in the cryptocurrency trade for ten years, six of which I have devoted myself to. I started with 500,000 yuan and now have 19.56 million yuan. Looking back, what really changed my destiny was a profound reflection four years ago.
At that time, I sorted out my trading records and found that nearly 600 transactions were loss-making, and only more than 300 were profitable. Among the loss-making transactions, more than 200 were big losses. I realized that my problem was mainly greed. I was unwilling to exit when I was profitable, and unwilling to stop loss when I was losing. In addition, I also had the problem of unclear thinking and blindly entering the market, which led to the accumulation of multiple small losses into huge losses.
So, I began to reflect deeply, summarize experiences, and carefully study techniques and insights to form my own trading methods. Now, I want to share these experiences with everyone, hoping they can help you.
In cryptocurrency trading, first, accurately position and lock in target currencies. Keep up with hot topics, observe market sentiment, and use technical analysis to grasp trend directions. In addition, diversify investments to reduce risk exposure.
Secondly, be flexible in operations and master the timing of transactions. Enter and exit quickly, follow the principle of time, and once the expected profit target or stop-loss point is reached, decisively execute the trading plan. At the same time, go with the trend, align with the market rhythm, and do not go against the market trend. Also, regularly review your holdings and dynamically adjust your strategy based on market changes.
Finally, cultivating the right mindset is also crucial. Learn to analyze calmly, discard emotional interference, and view market fluctuations with an objective and rational perspective. At the same time, set clear profit targets and stop-loss points, and strictly adhere to trading discipline. Additionally, continue to learn and constantly improve your trading skills.
In the turbulent sea of the crypto world, true experts rely not only on technology but also on a profound understanding of market rules and strict adherence to them. I have summarized six iron rules: volatility is unpredictable, mindset is key; build positions in batches, stability is king; dare to chase highs, achieve greatness; bull market turnaround, seize the opportunity; technical indicators are for reference only; be confident and unafraid of the market. Only those who master these iron rules and strictly follow them can remain undefeated in the crypto space.
Now, I am preparing to layout new trading strategies. If you want to join, please comment 111 to get on board! Let's ride the waves together in the crypto world and realize the dream of wealth growth!