Can 5,000 turn into 1 million by trading coins? Let me share some practical advice! Check out how my method earned over 30 million in ten years!
1. Only trade high and low for BTC/ETH
2. Mainly use the important moving average groups above the 4H level to determine the entry points for short positions in batches. For example, if the MA60 moving average above the 4H level continuously suppresses the price, use this moving average as the timing to enter short positions. Stop loss: place it above the previous high after a spike up and then a pullback, for instance, if the resistance is at 2440 and the spike reached 2450, then set the stop loss above 2450.
3. Generally, use the support below the same level or one level higher as the entry points for long positions in batches. Stop loss: place it below the previous low after a spike down and then a rise, for instance, if the support is at 2320 and the spike reached 2310, then set the stop loss below 2310, around 2300.
4. Stop loss capital: 20% of the total capital; if reached, no more trades for that day. Daily operations generally focus on two trades, with a single stop loss controlled at 10%. The size of each position should remain consistent.
5. Try to enter in batches, avoid going all in at once! Follow the trend as much as possible: if the main trend is bearish, try to open short positions, and vice versa.
① When the market trend is good, chase hot coins.
② Control the profit-loss ratio, keeping it around 3:1.
③ Daily stop loss drawdown should be 15%-20% of the capital; if reached, no more trades for that day.
④ Review trades daily.
6. In a crashing market: wait to enter in batches when the market shows signs of recovery; if there are no opportunities, just wait in cash. In such market conditions, not losing money is equivalent to making money.
7. Profit protection stop loss: when the conditions for opening a position that day have not triggered a stop loss and the K-line patterns of the same level have not been broken, you can choose not to carry a profit protection stop loss. Only when one of these conditions is not met should you carry a profit protection. ETH: protect profits after a 20-point gain; BTC: protect profits after a 350-point gain.
8. Moving stop loss: ETH: move stop loss after a 35-point gain using 3/5 minute levels; BTC: move stop loss after a 500-point gain using 3/5 minute levels.
9. 1. Never think about going all in for instant wealth. 2. Only trade in your own market! Learn to stay in cash, don’t force trades. 3. Avoid overnight positions. 4. Try not to trade on weekends. 5. After a stop loss, control your mindset.
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