After the bull market in 2021 ended, my capital account had about 12 million RMB. I originally did e-commerce in Shenzhen, earning 20,000 to 30,000 RMB a month, with monthly expenses over 10,000 RMB, allowing me to save 10,000 to 20,000 RMB each month. Like many 'migrant workers' in Shenzhen, I wanted to buy a house, but with this income level, saving for a down payment was uncertain.
With a neck, it's very hard for salaries to rise. It wasn't until I got involved in the market that I realized I could use cryptocurrency + leverage + to multiply my assets several times!
I took out 4 million for the down payment to buy a house in Shenzhen (after graduation, I changed my household registration to Shenzhen, and after paying three years of social insurance, I had the qualification to buy a house), 2 million for cashing out for daily use, and the remaining 6 million left in the exchange. To summarize my advantages:
1. Relatively more principal with a continuous cash flow supply.
2. Appropriate entry timing and buy/sell points.
3. Only trade at high certainty to reduce trading frequency.
4. Do not use contract leverage, do not borrow, and maintain a good mindset.
In the cryptocurrency market, money is made on cycles. Factors such as timing of entry, entry and exit points, project selection, position allocation, and principal will all affect your profits.
Having learned this simplest method of trading cryptocurrencies, I can now navigate the market as if I have cheat codes, smoothly all the way, because I have firmly grasped the following 10 principles: as long as a strong coin drops continuously for 9 days at a high level, it must be followed up promptly.
2. If any cryptocurrency has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. Any cryptocurrency that rises more than 7% has a chance of continuing to rise the next day; you can continue to watch.
4. Strong bull coins must be entered only after the pullback ends.
5. If any cryptocurrency has been stable for three consecutive days, observe for another three days; if there is no change, consider switching.
6. If any cryptocurrency fails to recover the previous day's cost price the next day, one should exit in a timely manner.
7. In the ranking of increases, if there are three, there must be five, and if there are five, there must be seven. For cryptocurrencies that have risen for two consecutive days, you should enter at a low point; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the cryptocurrency market. When the price breaks through at a low level during consolidation, it requires attention; if there is a surge in volume at a high level but prices stagnate, it is necessary to exit decisively.
9. Only choose to operate on coins that are in an upward trend, as this maximizes the odds and avoids wasting time. If the 3-day moving average turns upward, it indicates a short-term rise; if the 30-day moving average turns upward, it means a medium-term rise; if the 80-day moving average turns upward, it indicates a major upward trend; if the 120-day moving average turns upward, it means a long-term rise.
10. In the cryptocurrency market, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities to arise.
You can also achieve a reversal of wealth on this land full of opportunities. Remember, while the market is good, the risks are also high; only by continuously learning, summarizing experiences, and constantly improving oneself can you go further!
Using random indicators for trading follows the same path as using other indicators. Divergence also applies to random oscillators. In this article, we mentioned both bullish and bearish divergences, and their performance over longer and shorter time frames.
Trading with random indicators can also serve as trend indicators. Oscillators move between overbought and oversold levels, and when they cross the middle level, there is a potential for profit. However, this article also focuses on the importance of capital management; without a sound capital management system, any trading plan is meaningless.
Random trading has once again proven that the principles of technical analysis are effective.
When trading with random indicators or technical indicators, the most important advantage is that it can keep the trader's emotions calmer.
Finally, there are still many things that haven't been written down, such as specific opportunities and specific decisions; these things are often not summarized in one article.
You need to rely on strength to learn methods and techniques; the cryptocurrency journey can be long and slow. If you are also on this journey, please like and save to avoid getting lost!
If you are always chasing highs and cutting losses, often getting stuck, and lack the latest news from the cryptocurrency market, and have no direction, click on my profile to follow me. More information on my homepage, sharing bull market strategies and escape techniques with fans. To succeed, one must first have a quality circle.
Shendan is still laying out strategies every day!
Comment section, hit 9!
No long-term entry!
