The practical secrets to achieving nine-figure assets in the cryptocurrency world over ten years
I have been navigating the cryptocurrency space for ten years, successfully accumulating nine-figure assets. The difficulties and rewards are known only to myself. Now, I am sharing these valuable experiences, hoping to assist everyone in steadily progressing on the path of digital currency investment.
1. Five parts risk control for funds, ten losses to two profits for steady sailing:
Scientifically divide the funds into five parts, using only one-fifth for each trade, setting a 10% stop-loss and a profit-taking point of over 10%, ensuring steady operations with controllable risks.
2. Closely follow market pulses, trade with the trend for a higher chance of success:
Trade in accordance with market trends, be cautious of rebound traps during downtrends, and seize the opportunity of corrections during uptrends to enhance trading success rates.
3. Stay away from skyrocketing coins, chasing high is a deep risk trap:
Remain vigilant towards coins that surge in the short term, avoid falling into the trap of corrections after a spike, steady investment is the way to go.
4. MACD golden cross buy signal, death cross exit to protect profits:
Skillfully use the MACD indicator to capture buying and selling opportunities. A golden cross below the 0 axis in the DIF and DEA is a buy signal, while a death cross diverging above the 0 axis suggests considering reducing positions or exiting.
5. Avoid the taboo of averaging down on losses, increase positions on profits to expand gains:
Remember not to blindly average down during losses, but to increase positions timely during profits to maximize returns and avoid falling into loss traps.
6. Volume-price analysis determines entry and exit, break out on volume from low levels:
Deeply analyze the relationship between volume and price, closely monitor breakout on volume after low-level consolidation, and decisively exit during high-level volume stagnation to seize trading opportunities accurately.
7. Focus on capturing rising trends, multiple lines resonance increases odds:
Concentrate on trading coins with clear rising trends, observing the moving average trends across different time frames to assess the upward trend of the coins, thereby increasing trading odds.
8. Reviewing and summarizing is essential, optimizing strategies step by step:
Persist in reviewing and summarizing after each trade, check the logic of holding coins and the weekly candlestick trends, adjust strategies based on actual conditions, and continuously optimize and improve.
These eight maxims are concise and clear, covering the key strategies summarized from ten years of experience in the cryptocurrency world. I hope they help you move forward more steadily on your digital currency journey and illuminate the path for more investors.