To earn your first 1 million in the cryptocurrency world, you can only use this method with a small principal; to earn your first 1 million in the cryptocurrency world, you can only use
This method!
If you have enough funds, then making 1 million is not difficult at all. If the funds are too small, the only thing I can help you with is contract rolling ++*. Typically, if a popular asset rises by 30% in a day and you only have $50 to $100, you can choose to go long with 20x leverage +++ at a low point and continuously roll over profits (i.e., use profits to buy again), then your profit may be between $5000 and $10000. For example, if a recently strong asset really rises by 30% in a day, coins like turbo+, not+, people+ are very suitable for rolling operations.
However, 20x leverage carries high risks; even a slight market correction may lead to losses. Therefore, using 10x leverage may be a better choice; while expected returns will decrease, the margin of error will significantly increase. Once you successfully roll over your position, even if mistakes occur later, your loss will only be limited to the initial $50. If you have certain market perception or skills, and you're lucky, even with just $50, you might double your money. Conversely, if you lack luck and skills, even having $500 million could lead to total losses.
A complete trading strategy includes
(1) Target - what to trade;
(2) Position - how much to hold;
(3) Direction - Long or short;
(4) Entry point - at what point to trade;
(5) Stop loss - when to exit losing trades;
(6) Take profit - when to exit profitable trades;
(7) Strategy one - how to deal with unexpected situations;
(8) Follow-up - operations after trading ends.
Trend + key positions + signals = successful trading
. Low risk: cash, bank deposits, money market funds, bonds
·Medium risk: gold, funds, real estate
·High risk: stock market, foreign exchange, digital currency
In terms of capital allocation ratios, there are significant differences among investors with different risk preferences:
·Risk-averse: low risk: 60%, medium risk 30%, high risk 10%
, stable investors: low risk: 40%, medium risk 30%, high risk 30%
, risk-seeking: low risk: 20%, medium risk 30%, high risk 50%
·BTC+, ETH+: 60%.
·Platform tokens: 20%, mainstream exchange platform tokens, such as HT+, BNB+, OKB+.
Mainstream coins: 10%, must meet two conditions, daily trading volume percentage and market cap ranking percentage are both in the top 50.
Altcoins: 10%, to seize short-term opportunities
·Short-term: finish trading within 3 days to 2 weeks, up to about 1 month;
·Medium-term: 2 weeks to 3 months, maximum 6 months;
·Long-term: over 6 months.
1. Time difference between East and West: Stay up late to keep an eye on the cryptocurrency market, which mainly concentrates around European and American times (21:30-7:30 Beijing time); the early morning is when big rises happen! So, if you want to make money? Staying up late is a must! Sleep at 20:00, wake up at 4:00 to monitor the market, this is the routine of a qualified trader.
2. Don't panic about a big drop during the day: The foreign market pulls back during the day? Don't be afraid! At 21:30, the foreigners will enter the market and pull it back in no time! Remember: a big drop during the day is a bottom-buying opportunity, and during a big rise, definitely don't chase high; it is very likely to drop back at night.
3. The deeper the spike, the stronger the signal: K-line spikes (long upper and lower shadows) are a common tactic of market makers; the deeper the spike, the stronger the reverse signal! Spiking is often the best time to buy or sell; don't be fooled by the market makers!
4. News landing means bad news: Before major meetings or good news, the price of the coin will definitely rise, but once the news lands, it will immediately drop back! So, layout in advance, run quickly when the news comes out, don't be greedy!
5. Community recommendations? Just do the opposite: The coins that are wildly recommended in the group, praised to the skies? Don't believe it! It's likely a trap! The hotter the coin is in speculation, the more cautious you should be; doing the opposite is the way!
6. Heavy positions must explode, light positions are the way: Heavy positions? Congratulations, you've already made it onto the exchange's liquidation list! The market makers specifically target heavy position users; with a pull and a smash, they can liquidate you in no time! So, light positions and diversification are the way to survive!
7. After stop loss, it drops; after take profit, it rises: After stop-loss on a short position, it drops; after taking profit, it rises; the market makers just don't want you to make money! So, stop losses must be cautious, and taking profits should be in batches; don't let the market makers lead you by the nose!
8. Getting out is just a bit away: Don't dream: getting out soon? The rebound suddenly stops! How could the market makers let you escape easily? So, when close to getting out, reduce your position accordingly, don't be greedy!
9. Excitement = waterfall warning: When you are overly excited, the waterfall is about to come! The market makers use your emotions to cut you down, keeping calm is the way!
10. When you have no money, the cryptocurrency world is full of opportunities: When you are broke, every coin is rising, and the FOMO emotion is at its peak! But remember, 80% of the market is manipulated; don't easily jump in, patience is the key to winning!
These days I am preparing for the launch of a divine order!!!
Comment 33, get on board!!!
Impermanence brings impermanence brings impermanence brings impermanence!!!
Important things are said three times!!!
