A is the turnaround person in the cryptocurrency world. We now call him nine figures+, because he has become a nine-figure millionaire in the cryptocurrency world. He is actually a person with a lot of ups and downs.
He came from a rural family, very poor, with both parents being genuine farmers, and he was the only college student in the family. After entering college, he became addicted to games, which led to consecutive failures, and the school even advised him to drop out. He had no choice but to deliver takeout.
But he always had an ambition, which was to earn a hundred million and bring his parents to Beijing to live a good life. In the summer of 2018, he got into the cryptocurrency scene. He used the thirty thousand he earned from delivering takeout to enter the cryptocurrency market. In just three days, he turned thirty thousand into three million.
When he felt he was getting better and better, the scales of fate began to tilt in his favor, but again, in just one night, his three million went to zero.
That's right, he went bankrupt overnight because of high leverage and the wrong direction. When he was making 3 million, he had agreed with his girlfriend to get married, but when she heard he went bankrupt, she completely broke off with him.
He was very depressed during that time, with both love and wealth hitting rock bottom. But he was inherently unwilling to admit defeat. Thinking of his elderly parents in the rural hometown, thinking of the sweat they shed under the scorching summer sun, thinking of the deep wrinkles on their faces, he went crazy; he wanted to get rich and give his parents a better life.
Since then, he delivered takeout during the day and hid in a dark, damp rented room at night to study blockchain technology and knowledge. He carefully studied the Bitcoin white paper and the Ethereum white paper.
I also bought a lot of technical analysis books, such as Dow Theory, Elliott Wave Theory, Gann Theory, Volume Price Analysis, etc. Later, during the bull market from 2020 to 2021, my senior brother suddenly called me and said he would treat us to a meal because he had already become a nine-figure millionaire.
When we met him, he was very excited to tell us his story and experiences of getting rich. He was in a rented room, studying technical analysis hard, and finally one night, after reading Elliott Wave Theory and Volume Price Analysis for the 83rd time, he had an epiphany.
From then on, he couldn't stop. He said one must dare to use leverage and invest in those big popular meme coins because that’s how to capture the upward trend, grabbing the enthusiasm of retail investors; the higher the enthusiasm, the higher the heat, the higher the value of the meme.
Spot trading can yield a hundred or even a thousand times, let alone leverage trading. I asked him where his principal came from in the second round, and he said he went home, sold everything he could sell, borrowed from all the relatives he could borrow from, totaling 9,000 yuan.
He also showed us his account, and indeed there were tens of millions of USDT in it. We were truly envious; "nine figures" shared with us that you must be crazier during the most frenzied moments of the market, rush in, use high leverage, and be bold!
Because we poor guys have no opportunities, it's all about winning or losing in one game! Winning means financial freedom, losing means continuing to earn money for the next round! We must seize the explosive volume and capture the upward trend.
Especially when seeing high trading volumes appearing in an upward trend, with significant price differences, heavily invest; the win rate is the highest. He also talked a lot; I truly envy him. If I had given up studying back then and delivered takeout with him, going all-in in the cryptocurrency market, would I have also achieved financial freedom?
Today, I will share my trading strategies and insights with my fellow traders. There is a saying, standing on the shoulders of giants can save ten years of effort. At the end of the article, I will also talk about the most important profit system. For those who are destined to see this and want to improve their cryptocurrency trading skills, be sure to read carefully and consider saving it!
Insights and techniques for trading cryptocurrencies: Seven practical essentials!
Navigating through the turbulent waves of digital currencies, every investor is looking for their own nautical chart. Here are seven practical insights and techniques for trading cryptocurrencies, hoping to add stability and wisdom to your journey.
Logical loop, unity of knowledge and action: Whether it is technical analysis or fundamental research, the key lies in maintaining the coherence of logic. If technical indicators are the helm, one must decisively change direction when the circle turns bad; if fundamentals are the sail, one must adhere to logic and not be swayed by short-term fluctuations.
Avoid logical confusion, and let every decision be based on clear and consistent judgment. Be cautious when bottom-fishing, identify the real bottom: The temptation to bottom-fish is great, but the risk is also high. Avoid blindly catching falling knives during a downtrend; true bottom-fishing opportunities often appear during the pullback phase of an uptrend.
Those with sufficient funds can reduce costs by building positions in batches, but they must recognize the market bottom signals rather than act solely on feelings.
Beware of high-level favorable news and be cautious of inducements: Favorable news released at high levels often signals the main force's exit. Positive news is often pre-digested by the main force; retail investors need to be cautious to avoid becoming the ones left holding the bag. Stay calm, observe market reactions, and avoid impulsive entries.
Position management, both offense and defense: Reasonable position allocation is the key to stable investing. It is recommended to adopt a diversified strategy, such as 30% short-term, 70% long-term, combined with swing trading to flexibly respond to market changes. Ensure that you can maneuver freely in any market environment, seize opportunities, and control risks.
Establish and execute trading principles: Develop a clear trading plan, including entry points, stop-loss points, take-profit points, etc., and strictly execute it. During trading,
Volatility can disturb the mind, only firm principles can guide the direction. Stay calm and let your plan be your compass.
Position control, stability is key: Position control is an important distinction between beginners and veterans. In the face of market uncertainty, reasonable position allocation can reduce risk and improve capital efficiency. Even if judgments are wrong, position control can reduce losses and maintain combat effectiveness.
Plan ahead and execute strictly: Prepare well before trading and develop a detailed trading plan. During trading operations, strictly adhere to the plan to avoid being influenced by market emotions.
Combine with the overall market environment; participate decisively if conditions are met, and resolutely give up if they are not. It is better to miss an opportunity than to make a wrong trade.
Three years to enter the industry, five years to understand the industry, ten years to become a king. Trading is not about getting rich overnight, but about reasonable profits that can be long-lasting, stable, sustainable, and have a high probability of allowing oneself to continuously acquire wealth.
If you also want to go from a big loss to achieving financial freedom like me, leave a comment with a 1, and I will guide you for free!
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