After several years of seclusion in the cryptocurrency circle, he shared his experience for free, and used this method to pay off his debts and achieve financial freedom.
Trading secrets, amazing winning rate
In a rare gathering, he generously shared the trading method he had learned in seclusion for three years. I carefully sorted it out and verified it through practice, and found that its winning rate was as high as 98%! I am willing to share this valuable experience with people who are destined to be with me, hoping to help everyone go more steadily and further on the road of the cryptocurrency circle.
Common problem of retail investors, reverse operation
He pointed out that the common problem of retail investors all over the world is that they hold on to their stocks when they lose money, and they are eager to sell them as soon as they make a little profit. The correct approach is to do the opposite operation-hold on to your stocks when you make a profit and let the profits run; cut your losses decisively when you lose money and control the losses. The stop-profit and stop-loss principles he formulated are simple and clear: when the profit reaches 15%, if the profit falls back to 10%, stop the profit; if the loss after buying exceeds 5% of the principal, stop the loss. With such a strategy, even if the winning rate is only 50%, after 100 operations, the profit can accumulate to an astonishing 300%!
Trend is king, follow the trend
He emphasized that once the trend is formed, there is no need for too much analysis, just follow the funds. A simple way to judge the trend is to observe the moving average: longs go up, shorts continue. Short-term traders focus on the daily moving average and follow up when the volume breaks through; medium and long-term traders focus on the weekly moving average, enter the market when the volume breaks through, and exit decisively when it breaks through. Going with the trend and not going against the trend is a wise choice for currency speculation.
Control losses and master the method
He reminded us that the courage to admit mistakes and control losses in time is the foundation of survival in the market. This importance is far greater than temporary profits. No matter what method is used, as long as you master one, you can gain a foothold in the currency circle. When doing short-term trading, he suggested not to rely too much on short-term K-line charts, but to combine indicators such as KDJ and OBV to find the entry and exit points of the day and judge the intentions of the main force. The difference between washing and shipping lies in the shrinking and increasing volume. Strongly rising currencies, even when facing risk warnings, are often shrinking and shaking the warehouse, and new highs can be expected.
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