Don’t imagine stability to be so sacred. I took 10 years to find a trading system that suits me, and it was only with the guidance of experts that I had my epiphany!
However, this profit is also limited. It's not the case that many people think they can seize all the wealth in the world.
It took me 8 years to develop a trading system that suited me, and it was only through the guidance of great people that I became enlightened!
Although I can't say I am extremely wealthy right now, I have achieved stable profits, at least I can steadily outperform over 90% of people.
I understood long ago that a good trading system can effectively help investors in their investments. I also know that without a trading system, making investments without any rules will inevitably lead to more losses than gains. But summarizing a set of trading systems is really quite difficult.
An excellent trading system is also counterintuitive; it requires you to overcome greed and fear, to be decisive, to avoid subjective assumptions, and to execute strictly.
I am 35 years old this year and started getting involved in cryptocurrency trading at the age of 25.
By 2025, my assets reached eight figures. Today, I want to share some personal insights, hoping to help those of you exploring this path.
First, I want to emphasize that a good mindset is more important than technique.
1. Capital management:
If your capital is limited, you need to be more frugal. Just grasping one big opportunity for a rise in a year is enough. Don't always operate with full positions; keep a certain amount of capital reserve to respond to emergencies.
2. Improve understanding:
Profit is closely related to your level of understanding. Simulated trading can help you familiarize yourself with the market, but real money trading brings greater psychological pressure and challenges.
3. Take profits in a timely manner:
When there is good news, if you fail to sell on that day, the opening high point the next day is the best exit opportunity. Good news usually triggers a large amount of selling, leading to a price decline.
4. Holiday strategy:
As holidays approach, reduce your position in advance or simply refrain from trading. Market activity tends to decrease during holidays, and large players are likely to take advantage of weak liquidity.
5. Hold for the medium to long term:
When making medium to long-term investments, ensure you have enough liquid funds on hand. Sell appropriately when prices rise and buy more when they fall; this can reduce costs and allow for flexible strategy adjustments.
6. Choose superior coins:
When trading short-term, choose coins with high trading volumes. Coins with poor liquidity may put you in a difficult situation.
7. Understand market patterns:
The market often shows a pattern where, after a slow decline, there tends to be a mild recovery; while after a sharp drop, there may be a quick rebound.
8. Strictly set stop-loss:
Once you realize the direction has reversed, you should immediately stop losses and not cling to the hope of breaking even. Protecting your principal is the most important.
9. Use technical analysis tools:
For short-term traders, it is very important to frequently check the 15-minute candlestick chart and look for buying and selling points in conjunction with indicators like KDJ. Indicators such as MACD and RSI are also good choices.
10. Focus on mastering a few skills: There’s no need to pursue mastering all technical analysis methods, just focus on a few that suit you best.
Summary of cryptocurrency trading skills:
1. In a bull market, do not change coins; in a bear market, do not hold coins tightly.
2. When there is a massive volume, there is a high price; when there is a small volume, there is no price.
3. In a bull market, do not talk about tops; in a bear market, do not talk about bottoms.
4. As long as bulls don’t die, the downward trend won’t stop.
5. As long as bears don’t die, the upward trend won’t stop.
6. In a bull market, slow rises and rapid drops.
7. Bear markets slowly decline, while rebounds are rapid.
8. Do not chase after a big rise for three days, and do not sell after a big drop for three days.
9. In a bull market, do not kill the rise; in a bear market, do not chase the rise.
10. Pay special attention to coins that experience large increases in volume at the bottom.
11. Be wary of large volumes being released at relatively high levels.
12. In a bear market, good news is bad news, and bad news is even worse.
13. In a bull market, bad news is good news, and good news is even better.
These days I am preparing for the launch of a significant layout!!!
Comment 33, get in!!!
The impermanence brings impermanence!!!
Important things should be said three times!!!
