There is a surefire way to profit from trading cryptocurrencies! Last year, entering with a capital of 200,000, it has now directly turned into over 20 million, with easy hundredfold returns! The key lies in these few iron rules below; follow them, and you can thrive in the crypto world!
Rule 1: Run quickly when the coin price skyrockets! Don't get greedy and chase the highs when you see it rising; you'll definitely end up stuck at the peak crying. Want to make money? First, control your hands!
Rule 2: Don't hold more than 70% of any single coin! If there’s a sudden crash, you’ll face liquidation. Recover? Dream on! Don’t put all your eggs in one basket, but don’t have too many baskets either!
Rule 3: If your holdings are spread across dozens or hundreds of coins, can you manage them? The ups and downs will cancel each other out, and you'll end up working for nothing! Holding three to five mainstream coins is sufficient.
Rule 4: If you're unsure about spot trading, build your position in batches! Like this chart, each pullback is an opportunity to increase your position; lowering your cost basis is the key. Take profits in batches too; the best selling points are always clearest in hindsight!
Rule 5: For contract trading, remember! Large funds, small positions, risk can be drastically reduced. With a larger margin for error, the returns are still considerable.
Rule 6: Always set take profit and stop loss for contracts! Don’t stubbornly fight against the market; run when you earn two points, cut losses when you lose one point. Start with a profit-loss ratio of 2:1; even if you’re wrong half the time on ten trades, you’ll still profit!
Rule 7: Pay attention to both technical and news aspects! Monitor the capital flow in the market, movements of large whales, and combine them with candlestick chart news to pinpoint entry and exit points accurately!
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