In today's crypto world, whether to trade contracts or spot depends on your capital.
If your capital is low, you can only trade contracts to quickly accumulate large funds.
If your capital is high, you can manage your positions: 80% in spot trading, 20% in contracts!
Having traded cryptocurrencies for over 10 years, I have gone from a novice to where I am now. From initially investing 8000 in the crypto world to achieving financial freedom today, I understand the difficulties faced by novice retail investors. If you also want to share in the profits of the crypto world and avoid detours, take a few minutes to read this article seriously!
1. Proven method: From May 2023 to June 2024, 502 days and nights, from 3000 to 3 million, with a return rate of 14838%. In the crypto world, if you want to turn small funds into large ones, the only method is to roll over your positions!
2. After experiencing three bull and bear markets, the time when you can really make big money in the crypto world is during a bull market! Just catching one wave is enough. Last month, I played around with one of my small accounts in spot trading, using 4 million to make 10 million; it only takes one opportunity!
3. In 2024, I traded cryptocurrencies full-time for a full 11 months, growing from 2000 to over 2 million U, achieving a total profit of 1000 times (position management, 80% spot + 20% contracts). If you want to truly achieve financial freedom and realize compound interest in the crypto world, methods, techniques, and forming your own profit system are crucial!
Once you learn to master this, the crypto world will be like your 'ATM', making money as easy as breathing!
Having traded cryptocurrencies for over 10 years, I summarize my wealth journey as follows:
The first ten million took the longest and was the most painful, with the trading system constantly being reshaped and polished, taking a year and a half.
The second ten million took three months, the third ten million only took 40 days, and the fourth ten million took merely 5 days. Seventy-five percent of the funds were earned in six months.
Here are my insights on trading cryptocurrencies. Although the word count is not much, it is all essence. After reading this, you will be one step closer to becoming the next millionaire:
1. To judge the trend of a coin and predict the trend for more than a month, the vast majority of trends within a month will only have one direction: upward. So establish your position at a low price, do not operate, do not swing trade, and look at the returns after a month. Even if it triples, you don’t necessarily have to sell, because quality coins can multiply dozens or even hundreds of times. Alternatively, a conservative operation can double to recoup the principal, while profits continue to be stored.
2. Do not engage in any short selling operations, especially in futures, as these are extremely difficult and can quickly wipe out your position. In a downtrend, it is better to be stuck than to short sell. Because in the long-term trend, you will definitely have a chance to break even.
3. Price predictions are all lies; you can only roughly judge how the trend is going, and leave the rest to time. Do not become too obsessed with technical analysis; in cryptocurrency trading, stock-style technical analysis actually has limited usefulness and can only serve as a slight reference.
4. Do not bet too big; play with spare money. Your psychological pressure will be much lighter. Trading cryptocurrencies is not your life. Do not fully invest in any one coin. If you make a profit, take it out and leave the principal to play with.
5. In the world of trading cryptocurrencies, getting something for nothing yields the highest returns. Don't think that the more you operate, the more money you make. What you need to do is pick one or two good coins and hold them continuously, or invest regularly with spare money, treating it like a savings account. The biggest profits often come from buying a coin, forgetting about it, and looking back years later.
6. Position control and risk management are very important. Many people operate the same coins but end up with returns far lower than others. This is because everyone's timing for building positions is different. Since you cannot buy at the lowest price, do not go heavy on positions. Coins bought at high prices are best held lightly. Building positions at low prices will always be your safe zone. Position control means allocating the most suitable amount to a few good coins. Generally, I recommend for beginners: Bitcoin to altcoins to liquid funds should be in a ratio of 1:1:1. Also, learn to build positions in batches, starting with a part at the market price, and adding more during a crash; this way, you can keep the average cost of each coin very low.
7. Do not stare at the market all day; do not think about operations all day. Money is an external object. Sleeping, working, and eating in peace are what you should be focused on.
If you have any questions, feel free to discuss! Comment '555' below; we are laying out the divine eggs every day!
$PNUT
#币安盘前市场上线RED #白宫首届加密货币峰会 #现货以太坊ETF获美SEC批准
