As a full-time cryptocurrency trader, I always remember the 30 rules of cryptocurrency; it's worth watching 100 times, and you must keep them in mind!
I have been trading stocks for 16 years now. In the first three years after entering the market, I brought 1 million in capital and lost it down to 120,000. Relatives and friends all advised me to give up, thinking that my trading strategy was the most foolish, neglecting family, lacking ambition, and so on!
I've been insulted with the harshest words! At that time, I almost gave up and looked down on myself! But I was not willing to accept that; I swore to give myself one more chance with the last 120,000! Then I continued to explore calmly, and later I made over 27.5 million with the remaining 120,000 in capital over three years! No bragging! Once you truly summarize a method that belongs to you and strictly follow it, you can definitely turn things around!
1. Factors affecting the volatility of the cryptocurrency market:
a) The attitudes of various countries towards cryptocurrency +, if negative, will generally result in a wave of declines.
b) American financial policies, such as the recent rumors about taxing the wealthy +.
2. 5 PM is an important attention point according to rumors in the community. Due to time differences, American cryptocurrency friends are waking up to work, which may cause price fluctuations. Some significant rises or falls have indeed occurred at this time, so pay special attention.
3. In most cases, Bitcoin + is the leader of the cryptocurrency market's ups and downs. Stronger coins like Ethereum sometimes break away from Bitcoin's influence and create their own trends; altcoins basically can't escape its influence.
4. Bitcoin and USDT +® move in opposite directions. If you find that USDT has risen, be wary of Bitcoin falling; when Bitcoin rises, it's a suitable time to buy USDT.
5. The secondary market never lacks stars; what it lacks is longevity.
6. Between 0-1 AM, pinning phenomena are likely to occur, so domestic cryptocurrency friends can try to place a buy order for their desired coins at a low price before sleeping and a sell order at a high price; you might just get a deal and earn passively.
7. In the secondary market, there are not just 'buy-buy-buy' operations; closing positions, reducing positions, and holding cash are also operations.
8. Every morning between 6-8 AM is a timing point for judging whether to buy or sell, as well as for predicting the day's price fluctuations. If it has been falling from 0 to 6 AM, and continues to fall, it's a good time to buy or add positions; the day is likely to rise. Conversely, if it has been rising from 0 to 6 AM and continues to rise, it's a selling opportunity; the day is likely to fall.
9. There is a saying in the cryptocurrency world about 'Black Friday.' There have been instances of significant drops coinciding with Fridays, but there are also cases of significant rises or sideways movements; it's not particularly accurate, just pay attention to the news.
10. If a coin with a certain trading volume drops, don't worry; holding patiently will definitely bring you back to break even, in as short as 3 to 4 days, or as long as a month. If you have extra USDT, add positions in batches to bring the price down; breaking even will be quicker. If you don't have extra funds, just wait; you won't be disappointed unless you really bought a garbage coin.
11. Losing money without cutting losses and failing to hold on to profits is a common problem among most retail investors.
12. Holding the same coin in spot trading for the long term yields greater returns than frequent trading; it just depends on whether you have the patience to hold. I bought Dogecoin at 0.029 and have held it until now, which has increased more than 20 times, the highest increase among all coins.
13. In investing, the most important thing is only four words: go with the trend. Shorting during an upward pullback is self-destructive, and adding leverage is a fancy form of self-destruction.
14. Winning probability is not important at all; the profitability of a trading system has nothing to do with its opening success rate. Don't be envious of others making a few points; you don't know the losses behind it. Be patient and wait for your own opportunity.
15. The market direction is the collective expectation of all participants; do not impose your own will on the market.
16. Not all upward candles in the market can earn you money.
17. Opportunities are to be waited for; good hunters are not impatient. In a volatile market, no one can make big money.
18. For retail investors with several million in funds, there aren't that many imaginary enemies like 'main forces' or 'dogs.' Your biggest enemy is your own greed and fear.
19. Stay rational and respect the market; in front of the market, everyone is chives. A cautious approach will keep you safe for many years. A sudden wealth event has little to do with me.
20. Don't get emotionally attached to your holdings. Big losses usually come when we feel most confident. The trades that make us lose the most money could be the ones we are most confident about.
21. Did the leading coin drop? An opportunity has come! Did the leading coin that everyone is chasing drop? Don't be afraid; this is your chance! Seize it, and perhaps the next double will be you!
22. Patience is golden; don’t panic during sideways movements. When the coin price seems to be stagnant, don’t rush in. At this moment, patience is your treasure. Because good things often come later, waiting is worthwhile!
23. In a bull market, hold your coins; don't let go. When the bull market comes, you should hold onto your coins as if grabbing a lifeline! Don't let go easily; otherwise, you might miss a big wave of market movement!
24. 70% of people in the market lose money; really, there aren't that many experts.
25. The top is not sharp; at least there should be a double top. Don’t rush to sell just because the price has risen high. A real top won't be that sharp; at least there will be a double top. Remember this, and you won't sell too early!
26. MACD + probing the O-axis, buy point appears. The MACD indicator is magical; when its DIF line probes near the O-axis but does not break, that is the buy point! Remember this mnemonic, and your operations will be much easier!
27. Some trades, even if they result in losses, are still correct; some trades, even if they result in profits, are still wrong.
28. Compared to profits, risk control is much more important.
29. Continuous small upward candles°, the main force is acting. If a certain coin continuously shows small upward candles, it's like seeing the main force's secret signal. They are quietly collecting chips! You should pay more attention at this time!
30. Each of the above points is very difficult to achieve and requires long-term practice. There is a long, long way to go between knowing and doing.
Trading cryptocurrencies is not as simple as you might think; it's not just about buying low and selling high.
A qualified investor needs to possess economic knowledge, pay attention to news trends, understand national policies, care about international situations, and conduct in-depth research on the fundamentals and technical aspects of cryptocurrency +.
In addition, one must constantly struggle with their own fears and greed, possess strong psychological resilience, and be able to withstand the market's big ups and downs.
These days I am preparing for a divine trade that is about to open!!!
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Impermanence brings impermanence brings impermanence!!!
Important things must be said three times!!!
