If you don't have the right methods, you must learn, and definitely follow a professional, reliable teacher!
Let me share a feasible plan. If you can execute it, making a million is achievable.
1. Work hard for two months to increase your principal to around ten thousand.
2. Buy coins when Bitcoin's weekly line is above ma20; buy two to three, and they must be new coins, hot coins during a bear market, like apt before it surged. It comes out of the bear market; as long as Bitcoin rises a bit, it will take off, like op. Just remember, they must have momentum and a story to tell.
3. Stop-loss if Bitcoin falls below ma20; continue to profit during the waiting or buying period, giving yourself two to three chances to fail. If you have savings of twenty thousand, invest ten thousand; you can afford to fail three times.
4. If you buy a coin like apt, aim to sell it for about 4-5 times the price. Continuously execute your strategy, and remember that with small funds, you should buy new coins instead of ETH or BTC. Their price increases cannot support your dreams.
5. If the bear market starts to transition to a bull market, making three times 5 times is about 125 times. This period can be as short as one year and as long as three years. You have three chances to fail; if you fail all three times, it indicates you lack the ability. Stay away from this circle, avoid investments, and do not get involved in contracts.
In summary, remember to enter the market when you should, and stop-loss when necessary; have patience.
Someone asked me how to turn 3000 into 100 times in the cryptocurrency market?
1. Divide your funds into five parts; only invest one-fifth each time! Control a 10% stop-loss; if you are wrong once, you only lose 2% of your total funds. If you are wrong five times, you lose 10% of your total funds. If you are right, set a take-profit of over 10%. Do you think you will still get stuck?
2. How to increase the win rate again? Simply put, it’s about going with the trend! Each rebound in a downtrend lures buyers, while each drop in an uptrend creates a golden opportunity! Is it easier to make money by bottom-fishing or by buying low?
3. Avoid coins that have experienced rapid short-term surges, whether mainstream or altcoins; there are very few coins that can go through several waves of major uptrends. The logic is that it is quite difficult for coins that have surged in the short term to continue rising. When prices stagnate at high levels, they will naturally decline later on. This is a simple truth, but many still want to take a gamble.
4. Use MACD to determine entry and exit points. If the DIF line and DEA form a golden cross below the zero axis, breaking above the zero axis is a solid entry signal. When MACD forms a death cross above the zero axis and starts moving downwards, it can be seen as a signal to reduce your position.
5. I don't know who invented the term 'averaging down', which has led many retail investors to suffer significant losses! Many people keep adding to their positions as they lose, and the more they add, the more they lose. This is the biggest taboo in trading cryptocurrencies. Remember, never average down when you are in a loss, but increase your position when you are in profit.
6. Volume and price indicators + priority, trading volume is the soul of the cryptocurrency market. Pay attention when the coin price breaks out with increased volume from a low consolidation level.
7. Only trade coins in an upward trend; this maximizes your odds and does not waste time. If the three-day line turns upwards, it's a short-term upward trend; if the 30-day line turns upwards, it's a medium-term upward trend; if the 84-day line turns upwards, it's a main upward wave; if the 120-day moving average turns upwards, it's a long-term upward trend.
8. Keep reviewing each session; check if there are changes in your holding positions, whether the weekly K-line and trends align with your judgments, and if the direction has changed. Timely review and adjust trading strategies; these are my personal suggestions for successful trading.
First: Technical analysis, including technical indicators, candlestick patterns, and trading volume. Judgment of trends, distinguishing bulls, grasping buying and selling points, and support levels.
Judgment of pressure, application of volume-price-time+.
Second: Fundamental analysis, including related macroeconomics, policies, regulations, and the project itself.
Third: News perspective, good and bad news; operate under favorable news and fundamentals.
Fourth: Time cycles, intraday short-term, medium and short-term, medium and long-term, long-term; confirm the trading cycle, achieving consistency in operational cycles. For example, when doing long-term trading, do not frequently engage in short-term buying and selling.
When maintaining a long-term trend, intermediate fluctuations are acceptable as long as there is enough room, and it is a mainstream coin; the price will rise again.
Fifth: Mindset control; remember not to fidget. Once you have a plan, implement it. Do not compromise these, as they are personal insights and experiences. The two key points you learn are: first, position management + methods and functions; second, my personal insights and suggestions.
1. Opportunities are to be waited for; only with patience can one hear the sound of wealth.
2. For investors, the most important thing is to seize the opportunities that belong to them.
3. Do not be swayed by opportunities that do not belong to you; not being flustered by opportunities that you cannot grasp is a quality that investors must possess.
4. It is important to be correct in investment, but it is even more important to know how much to invest after being right.
5. Very few people can rely on predicting short-term price fluctuations to make big money in the cryptocurrency market; otherwise, they would be the world's richest. If not, it implies only reporting good news and not bad; even if luck is good for a while, in the end, it will lead to failure.
6. If you lose a lot of money, whose mentality can still be good? A good mindset is built on the foundation of not losing significantly.
7. The world is unpredictable, and the market is hard to gauge. Studying the market is mainly to seize continuous opportunities and avoid continuous risks. Sudden, occasional rises or falls that you cannot seize or avoid are not your fault; maintain a calm mindset and do not give up.
8. You can choose not to participate, but you cannot completely go against the larger direction.
9. Do not let the urgency of making money push you to act hastily; do not force yourself to make frequent, rushed decisions.
10. Focus on high-probability events while preventing the large risks that small-probability events may cause.
