Survival Guide in the Crypto World: Don't be a Leek, Learn to be a Scythe!
Three months ago, a brother nearly jumped off the roof after his 200,000 capital was blown down to just 10,000. Now, using my "brutal rolling" skills, his account has reached six figures! Today, I’m sharing three deadly pitfalls:
The first pitfall is "emotional averaging down." Dropping 10% and going all in double?
The market makers love this kind of money-giving fool! Last time, a brother played like this and got liquidated three times in three days, wiping out 200,000.
The second pitfall is "itchy finger trading." Have you seen someone place 30 orders in a single day?
The transaction fees are enough to buy a Wuling Hongguang. The exchange manager wants to give him a banner.
The third pitfall is the most lethal—"full margin all-in syndrome."
Always going all in and always teary-eyed, the tears shed during liquidation are just the result of the foolishness during averaging down!
Let me teach you three life-saving techniques:
The first technique: Eat the fish, but don’t eat the tail! How many people were shouting to buy the dip when BTC was hovering around 20,000?
Wait for the weekly MACD to turn red and break out with volume before acting. A single trade can yield a 70% increase; this is called "no rabbit, no eagle."
The second technique: Pyramid betting method.
Don’t exceed 10% for the first position; wait until you make 50% profit before adding to your position. Be humble when losing money and act like a boss when making money; that’s the right way!
The third technique: Ghost stop-loss technique.
Don’t let a single loss exceed 2%, and once you make 20%, raise the stop loss to your cost price. This way, even during a crash, you can smile while counting your money.
Remember two iron laws:
Being in cash is the real skill!
80% of the gains in the crypto market occur in 20% of the time. Rest for 7 days after a big rise, watch for 3 days after a big drop, and don’t mess up the rhythm!
There’s no absolute bottom! The best entry point is when the weekly MACD has a golden cross and retests the 5-day line. See a new price high but shrinking volume?
Run fast!
Lastly, a true story: A fan strictly followed these six rules last year, and now he’s counting corals in the Maldives. There are only two types of people in the market: those who eat and those who get eaten; which one do you choose?
