The cryptocurrency world is a place full of dreams.
A is the person who turned his life around in the cryptocurrency world. We now call him nine figures, because he became worth nine figures in the crypto space.
He is actually a very unfortunate person. His family is from the countryside and very poor, with both parents being true farmers, and he is the only college student in the family. After entering university, he became addicted to games and failed courses repeatedly, with the school even advising him to drop out. He had no choice but to deliver food. However, he always had a strong ambition to make a billion and bring his parents to Beijing to live a good life.
In the summer of 2018, he came into contact with the cryptocurrency world. He entered the market with only the 30,000 yuan he earned from food delivery. In just three days, he turned 30,000 into 3 million. When he felt he was getting better, fate began to tilt in his favor. But in just one night, his 3 million went to zero. Yes, he lost everything because he used high leverage and went in the wrong direction. When he was making 3 million, he had already discussed marriage with his girlfriend, but after hearing he went bankrupt, she completely broke off with him. During that time, he was very depressed, with both love and wealth turning to zero.
But he is inherently unyielding. He thinks of his elderly parents back in the rural hometown, remembers the sweat they shed under the scorching sun, and reflects on the deep wrinkles on their faces. He went crazy, wanting to get rich and give his parents a better life. From then on, he delivered food during the day and at night hid in a dark, damp rental room to study blockchain technology and knowledge diligently. He carefully read the white papers of Bitcoin and Ethereum. He bought a large number of technical analysis books, such as Dow Theory, Elliott Wave Theory, Gann Theory, and volume-price analysis. Later, during the bull market of 2020-2021, his senior brother suddenly called me and said he would treat us to dinner because he had become worth nine figures.
We met him, and he excitedly shared his story and experiences of becoming wealthy. He studied technical analysis in his rental room, and one night, after reading the Elliott Wave Theory and volume-price analysis for the 83rd time, he had an epiphany. From then on, he couldn't stop. He said one must dare to leverage and invest in those popular meme coins, as that’s how to achieve an upward trend. By seizing the enthusiasm of the retail investors, the higher the enthusiasm, the higher the heat, and the greater the value of the meme. Making a thousand times or ten thousand times in spot trading is not an issue, let alone in contracts. I asked him where he got the capital for the second round. He said he went home and sold everything he could, borrowed from relatives, totaling 9,000 yuan. He even showed us his account, which indeed had tens of millions of USDT. We were truly envious. "Nine figures" shared with us that one must be crazier when the market is at its most frenzied, charging in with high leverage and daring to gamble everything. Because we poor guys have no real opportunities, it's a one-shot deal! Win and achieve financial freedom, lose and make money to continue!
You must seize explosive volume and catch the upward trend. Especially when you see a high trading volume amid an upward trend, with a huge price difference, go all in, as the win rate is the highest.
He shared a lot more, and I truly envied him. If I had given up studying back then and ran food deliveries with him, would I also have achieved financial freedom?
I do not recommend newcomers to use leverage, as it requires high technical proficiency. This can easily lead to greed and can also easily lead to reckless behavior. I have been a professional cryptocurrency trader for nine years! I have been trading for over ten years now, from liquidation to achieving financial freedom, supporting my family through cryptocurrency trading. By 2024, my capital has multiplied by 50 times. If it weren't for withdrawing funds twice to buy a house, it should have multiplied by 85 times.
Today, I will share my trading strategies and insights with fellow cryptocurrency enthusiasts. There is a saying, standing on the shoulders of giants can save ten years of struggle. At the end of the text, I will also talk about the most important profit system. For those who are destined to see this and want to improve their cryptocurrency trading skills, you must read more, study carefully, and I suggest saving it!
Insights and technical sharing on cryptocurrency trading: Seven practical essentials.
Navigating through the turbulent waves of digital currency, every investor is looking for their own nautical chart. Here are seven practical insights and techniques for cryptocurrency trading that have been verified through practice, hoping to add stability and wisdom to your journey. Logical closed loop, unity of knowledge and action: Whether it is technical analysis or fundamental research, the key is to maintain the coherence of logic. If using technical indicators as a rudder, when the chart deteriorates, one must decisively change course; if using fundamentals as a sail, one must adhere to logic and not be swayed by short-term fluctuations.
Avoid logical confusion, ensuring that every decision is based on clear and consistent judgment.
Be cautious about bottom fishing and identify true bottoms: The temptation to bottom fish is great, but the risks are also high. Avoid blindly catching falling knives in a downward trend; true bottom-fishing opportunities often appear during pullbacks in an upward trend. Those with sufficient capital can reduce costs by building positions in batches, but must recognize market bottom signals rather than just acting on instincts.
Be wary of high-level good news, and guard against being lured: Good news released at high levels is often a precursor to the main force dumping. Positive news is often digested in advance by the main force, retail investors should be cautious to avoid becoming the ones left holding the bag. Stay calm, observe market reactions, and avoid impulsive entries. Position management, balancing attack and defense: Reasonable position allocation is key to stable investment. It is recommended to adopt a diversified strategy, such as 30% short-term, 30% long-term, combined with swing trading to flexibly respond to market changes. Ensure that you can maneuver freely in any market environment, seize opportunities, and control risks.
Establish and execute trading principles: Formulate a clear trading plan, including entry points, stop-loss points, and take-profit points, and strictly follow it. Market fluctuations can easily disturb one's mindset; only firm principles can guide the direction. Stay calm and let your plan be your compass.
Position control, stability is king: Position control is an important indicator that distinguishes novices from veterans. Facing market uncertainty, reasonable position allocation can reduce risks and improve capital efficiency. Even if judgments are wrong, position control can minimize losses and maintain combat effectiveness.
Plan ahead and execute strictly: Make thorough preparations before trading and formulate a detailed trading plan. During trading, strictly follow the plan to avoid being swayed by market emotions. Combine with the overall market environment; participate decisively if conditions are met and resolutely give up otherwise. It’s better to miss an opportunity than to make a wrong trade.
Three years to enter the industry, five years to understand it, ten years to become a king. Trading is not about becoming rich overnight, but about reasonable profits that can be long-lasting, stable, sustainable, and have a high probability, thereby allowing oneself to continuously acquire wealth.
The market is currently sluggish, but every day is spent planning for the divine medicine!
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Impermanence brings! Impermanence brings!
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