Realization after losing 6 million! 10 iron rules for making a blood profit of 20 million in the crypto world, those trading cryptocurrencies must read or they will lose! #BTC再创新高
1. Buy mainstream value coins in large quantities, spot (do not do contracts), regardless of whether it rises or falls, just hold it for the medium to long term, enter based on the purchase price, and add to the rolling warehouse strategy (increasing or decreasing positions)
When the market crashes, don’t panic if it doesn’t break the 20-day line in four hours for several reasons: $BTC
a. Contract explosion: Without strong capital, don’t play contracts easily; data from contracts is completely different from spot. Protecting the principal is essential to continue enjoying the benefits of the bull market!
b. Pullback demand: After a surge in mainstream value coins, if there’s a gap opening high above the 5-day line, it usually needs to pull back to the 5-day line, or even the 10-day line, before it can build energy to rise further!
c. Cutting leeks: Retail investors love to chase highs and sell lows; after retail investors chase high, the big players will quickly drop the price to scare retail investors into cutting losses and handing over their chips.
2. For profitable positions in swing trading, reduce positions in advance, or sell in batches at high levels to lock in profits;
3: Set up buy orders in batches in advance at the daily level’s 5-day line, 10-day line, and 30-day line to accumulate at low levels.
4: Use the lifeline trading strategy to determine the trend of rises and falls; if the trend changes and effectively falls below, reduce positions promptly when it pulls back to the lifeline.
5. When there is a surge, be aware of the risks; do not blindly chase highs. When there is a crash, be aware of opportunities and accumulate gradually at low levels.
6: For profitable chips, moderately reduce positions to avoid rollercoaster trading; for bottom-fishing positions, it is recommended to set stop-loss orders to protect the principal.
7. If the direction is unclear, it is better to miss out than to make a wrong move; protect the principal so you can smile longer.
8. New group members must not rush to make money, and do not be greedy; first, study carefully and follow the trades, refine skills with small amounts, familiarize yourself with the rising and falling patterns of cryptocurrency trading, and find the market feel to reduce trading costs during learning and practice!
