After 8 years of cryptocurrency trading, I have grown from a capital of 100,000 to 20 million, and successfully achieved financial freedom. I have gone through five stages:
1. The stage of ignorance and recklessness;
2. Study and recharge stage;
3. Exploration stage;
4. Inductive formation stage;
5. The initial stage of success.
Through these experiences, I deeply realized that it is very valuable to record your own process truthfully, regardless of whether the text is beautiful or not. Thanks to the sincere messages and blessings from thousands of readers, today I will share with you the cryptocurrency trading experience I have accumulated over the years.
Whether in a bull market or a bear market, these 11 rules for cryptocurrency trading can help you! Mastering these rules makes it easier to judge market trends, and if used well, you can even multiply your profits 30 times in a month!
11 Iron Rules for Cryptocurrency Trading
Iron Rule 1: Trend Reversal Signals
In a downtrend, three or more consecutive positive candlestick rebounds are an early warning sign of a trend reversal. Similarly, in an uptrend, if three or more consecutive negative candlestick pullbacks appear, this is also a trend change signal that needs attention.
Iron Rule 2: Guide to shock breakouts
In a volatile market, increasing volume but flat prices usually indicates that a big breakthrough is coming. When the price retraces and there are two positive volumes exceeding the previous negative volume, you can intervene in advance.
Iron Rule 3: Coin Holding Tool
In a strong market, the holding strategy is simple and crude - as long as the daily line does not fall below the rising average line, hold on. Ignore technical indicators to avoid being affected by the high-level passivation state.
Iron Rule 4: Interpretation of K-line combinations
A medium-sized positive line with two doji patterns is usually a sign of rising relay, which is a common rising pattern for strong currencies.
Iron Law 5: Markets are unconventional
The market often proves that the views of the majority are wrong. The smoke screens released by the main players often appear when people are unanimously optimistic, which is often the top of the market.
Iron Rule 6: KDJ indicator signal
When encountering continuous large negative lines, when the KDJ indicator is less than -12, it means that a short-term rebound is imminent. It is recommended to wait for the rebound before making further judgment.
Iron Rule 7: Breakout Yang Line Characteristics
When breaking upward, a positive line turnover rate of around 8% is a healthy attack volume. Too large or too small may trigger a pullback.
Rule 8: Be resilient
When trading is not going well, it is very important to stay calm. Only by enduring the pain of nirvana can you welcome the beauty of rebirth.
Iron Rule 9: Risk Control
Avoid full position operation, leave enough room. The market is full of risks, act cautiously and leave yourself room for error correction.
Rule 10: Emotional Regulation
Adjust your mindset, treat market fluctuations calmly and rationally, and avoid letting emotions influence your decision-making.
Rule 11: Learn and communicate
Don't isolate yourself, share with others. Even if your opinions are wrong, it is part of growth and we can make progress together.
The above 11 points are all valuable experiences that I have verified with real money in the market. I hope you can read them repeatedly and deepen your impression. I believe that if you can seriously follow these principles, your cryptocurrency trading skills will definitely improve by leaps and bounds! #白宫首届加密货币峰会 #MtGox钱包动态
