I used the dumbest method for trading cryptocurrencies, and my success rate is almost 100%! (A must-read for all cryptocurrency traders)
Over the past seven to eight years, my assets have increased by 30 million. Along the way, I have undergone many trials and accumulated valuable experience. Here are some key insights I want to share, hoping to inspire everyone:
1. Fund management is the key to success
Divide your funds into five equal parts, using only one-fifth at a time, while setting strict stop-loss limits. Each trade's loss should not exceed 10%, and total capital loss should be controlled within 2%. Even if you make five consecutive mistakes, your total loss will only be 10%, but as long as you seize one opportunity, the profit can easily make up for the loss.
2. Follow the trend, never go against it
When the market is falling, do not blindly try to catch the bottom, as it could be a trap to lure you in; patiently wait for clear signals.
When the market is rising, don’t rush to sell; it might just be a “golden pit,” and buying low is often more reliable than trying to catch the bottom. $ETH
3. Keep a distance from cryptocurrencies that surge in the short term
Whether mainstream coins or altcoins, very few can sustain a surge; most coins enter stagnation or correction after a spike. Don’t have a gambling mentality by betting on low-probability events of high spikes. $BTC
4. Use technical indicators wisely
The MACD indicator is very useful: when the DIF line and DEA line form a golden cross below the 0-axis and break through it, consider buying; conversely, when a death cross forms above the 0-axis and is heading down, you should consider reducing your position. #币圈
Adding to your position should be strategic: do not add to your position when losing; only add when making a profit, or you risk increasing your losses. #币圈暴富
5. Trading volume is the core of the market #比特币
Pay close attention to situations where low-volume breakthroughs occur; this is an important signal for market initiation. Only trade cryptocurrencies that are in an upward trend, closely monitor the 3-day, 1-hour, 4-hour, and 8-hour moving averages; when these moving averages turn upward, it usually indicates that the upward trend has been established. #以太坊的未来
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