How to Become a Top Trader: Turning 50,000 into 600,000,000 in 7 Years!
It turns out that it is so easy to make money by trading. It only takes these three steps! Master them and easily increase your account tenfold!
Step 1: Look at the trend first Step 2: Find the key position Step 3: Find the entry signal Enter the market, make a profit, close the position, and leave
Isn't it simple? Let's talk about it in more detail. Step 1: Look at the trend. The state of the market has three possible outcomes: rising, sideways, and falling.
What is a big market? Look at the periodic chart of more than 4 hours, such as 4 hours, daily, weekly
(My personal habit is to look at the 4-hour chart) Go long if the price goes up, go short if the price goes down, and don’t make any trades if the price goes sideways
If the current market is in a sideways state, there is no need to go further down. If it is a one-sided upward or downward trend, please continue down. Step two: look for key levels. Whether the trend is upwards or downwards, it will jump like a bouncy ball, level by level from bottom to top, or from top to bottom. What we need to do is to enter at its jumping position and exit at the next landing point.
How to find precise steps becomes key, which we refer to as key levels (main support and resistance levels).
(How to accurately find major support and resistance levels, you can check my previous articles) Step three: look for signals. If you find a trend in the large cycle, you need to look for trading signals in the small cycle to enter. Everyone has different strengths in their trading strategies; being proficient in one or two is sufficient. More importantly, quickly develop a trading strategy.
A complete trading strategy includes.
(1) Target -- What to trade;
(2) Position -- How much to hold;
(3) Direction -- Long or short;
(4) Entry point -- At what point to trade;
(5) Stop loss -- When to exit losing trades.
(6) Take profit -- When to exit profitable trades;
(7) Countermeasures -- How to deal with unexpected situations;
(8) Follow-up actions after the trade is completed.
The famous TLS technical analysis method+ trend+ key positions+ signals = successful trading. Before each trade, follow the process to formulate strategies; I believe you won't suffer too much loss. Develop good habits, and over time, you will identify your shortcomings during the trading process and work hard to change them, and you will succeed! Since I started trading, the journey has been full of ups and downs. Like everyone else, there is pain and joy. However, the most gratifying thing is that I did not give up and persisted in officially starting full-time trading, embarking on a path of making a living through trading.
This is my ten years of hard-earned experience, the method and underlying logic for screening hundred times coins. Low market cap preference: circulating market cap and total market cap should be low, especially for public chains and dapp protocols. A low market cap means greater upward potential.
Avoid the project party from prematurely offloading and profiting. Track potential: the selected track should have a high ceiling and significant valuation potential. Refer to successful projects, such as public chains like ETH+, SOL+.
Dapp looks at uni+, aave. New narratives and value: preference for projects with new narratives that solve real problems. Long-term value discovery is better than short-term speculation, focus on areas like AI.
GPU computing power+, secure public chain+ and other hot topics. The concealment of dark horse coins: hundreds of times dark horse coins often hide in areas not noticed by the public. Avoid coins with widely known high openings or normal valuations.
Fifth, early liquidity challenges: early hundred times coins often have poor liquidity, mostly on small exchanges or on-chain. Overcoming these barriers is vital for discovering prices.
A necessary path to value. Launch time and market cycle: the ideal launch time for tokens is at the end of a bull market or the beginning of a bear market, with a launch and wash time of 6-12 months.
High liquidity, affordable price: low price, more decimals make it easier to attract investors, especially in a bull market, low-priced coins are more favored by newcomers.
Prioritize public chains and leading protocols: public chains and leading protocols on public chains have the highest profit potential due to their long lifecycle and ecological development.
Ninth, team and institutional endorsement: the founder, team background, investment institutions, and financing amounts must be reliable. Participation by well-known teams and institutions increases project credibility.
Focus on credibility. Avoid value investment traps: do not participate in projects that violate the logic of value investment, such as deflationary tokens+, etc. These projects often carry extreme risks. New narratives for old coins can be considered: if an old coin has a strong new narrative and aligns with current market hotspots, participation can be considered, such as involving.
A1, old coins in fields like the metaverse+.
Twelfth, prioritize leading projects in the track: within the selected track, prioritize leading projects, which usually have stronger ecological influence and value potential.
Remember, the above iron rules are guidelines for screening new projects, but investment always carries risks; each investment decision must be treated cautiously.
Shendan is still laying out every day!
Comment section, hit 9!
No long entry!
