A few years ago, I made about 4 million with a capital of 50,000. I have never worked after graduating from university.

I have been playing in Kunming and Dali, not buying a house or a car. My monthly expenses are 1500.

Why enter the circle.

If you want to change your fate, you must try the cryptocurrency circle. If you can’t make a fortune in this circle, an ordinary person will have no opportunities in this lifetime.

How I made money:

With a capital of 50,000, I did projects in college, engaged in affiliate marketing, manipulated orders, did deliveries, and completed various small tasks to accumulate 50,000.

Entering the cryptocurrency world, I feel BTC is too expensive, so I just keep playing ETH. ETH has leverage, and then there are altcoin spot trades. Choose coins and manage your positions well.

Management. Just keep a simple mindset; if the market is bad, incur small losses, but when the market comes, you can earn big.

In 2024, my capital multiplied by 50 times. If it weren't for withdrawing funds twice to buy a house, it should have been 85 times.

I can say that I have used about 80% of the market's technical methods and will share with everyone the most practical strategies I have encountered in practice—the 22 Golden Rules of Bollinger Bands and the following five major skills, which have proven effective repeatedly! A profit of 30% in a month.

There is a saying in the business world: 'Don't do it if you're not familiar.' The same applies to operations in the cryptocurrency circle. Before entering real trading, you must master some basic operating knowledge and skills. For friends who want to showcase their skills in the cryptocurrency circle, the following knowledge is crucial.

Skill one

Trading requires honesty and trustworthiness. You may wonder what this has to do with trading. Generally, traders like to show off their profitable trades and never reveal their losing trades. Because they don’t realize that losses are also part of profits. Every aspect of trading requires you to approach it with honesty.

Skill two

Trading needs to follow rules. As the ancients said, 'Without rules, one cannot form a square.' Of course, trading also has its own rules. If you violate these rules, you will pay the price of freedom. Trading cannot be emotional or impulsive; you must understand when you can trade and when you cannot.

Skill three

Trading requires patience. Open the trading software, first observe the market trend, look at the day's data release, and check the current trends—short-term, medium-term, and long-term. Then, start making a trading plan: entry point, stop loss point, profit point.

Skill four

Trading requires thinking. Develop the habit of thinking during trading. Some good habits in trading must be cultivated through thousands of trades; the habits you develop in simulated trading, once you bring them into real trading, are only relevant if they benefit your trading; if they hinder your trading, you must make adjustments.

Skill five

Don't expect to buy at a low price and don't fantasize about selling at a high price. Some people always want to buy at a low price and sell at a high price; this urgent desire to make money is very scary, and the result is often counterproductive. Greed brings no benefits.

22 Golden Rules for Buying and Selling with Bollinger Bands

1. Bullish arrangement. All three tracks are upward, continuing for a long time. The stock price gradually rises between the middle and upper tracks.

2. Bearish arrangement. All three tracks are downward, continuing for a long time. The stock price gradually moves down between the lower track and the middle track. Sometimes it will break through the lower track.

3. In a box arrangement. The three tracks are roughly parallel, and the stock price fluctuates between the upper and lower tracks, called a large box. The stock price fluctuates between the lower track and the middle track, called a small box.

4. Divergent arrangement. The upper track of the Bollinger Bands forms a diverging '8' shape upward, while the lower track diverges downward, increasingly separating. After a certain time, the upper track starts to decline, and the lower track rises, slowly converging. Once contracted to a certain degree, it starts to diverge again, both upward and downward.

The divergence arrangement of Bollinger Bands is relatively complex. We need to analyze it carefully. Mastering this analysis method can help us quickly gain profits and avoid being trapped.

Bollinger Bands have a downward channel (bearish arrangement) and an upward channel (bullish arrangement). These arrangements are easy to see because the three tracks are either upward or downward. As for the divergent arrangement, what form does it take? The divergent arrangement has four stages.

First stage: Contraction stage.

At this stage, the upper and lower tracks are converging toward the middle, and the opening is getting smaller. This indicates that the coin price’s sideways movement is about to end, with increasingly smaller fluctuations. The activity range of the stock price is narrowing. The stock price will face a trend change, which could be upward or downward. If it changes upward, it will signal the arrival of the primary upward wave for that coin. If it changes downward, it will be the main downward wave for that stock. We view this stage as the best time to buy coins because it skips the lengthy preceding sideways phase and directly enters the upward initiation phase. However, the key is not to buy coins that are about to change downward. So how to identify?

I want to tell everyone that there are two key points:

First, the middle track must not be downward; it can only be upward or flat. Even slightly downward is not acceptable.

Second, the coin price must break through the middle track from below, with a bullish line; a false bullish or real bearish line does not count, it must be a bullish line.

Identify whether the middle track is going down. If it cannot be seen in the chart, you should record the middle track's values every day. The middle track is the 20-day line, and the K-line chart shows the values every day. Mastering these two points can help avoid buying coins that are turning downward.

Second stage: Rising stage.

The sign at this stage is that the two tracks separate into an '8' shape, moving apart. The coin price rises along the upper track. The angle of the upper track represents the strength of the rise. The steeper the angle, the stronger the rise. The flatter the angle, the slower the rise. The operational strategy at this time is to hold stocks. If you haven't bought in here, you can only chase after it just forms the '8'. If the '8' has already turned for several days, the risk of buying in increases. As long as the stock price doesn't leave the upper track, keep holding it.

A steep angle may only rise for a few days before ending. A shallow angle may rise for a long time, and there will be fluctuations in between, which is the washing out process. Be careful not to get washed out and earn less. Those who grasp this stage well can achieve twice the result with half the effort.


Third stage: Divergence stage

The sign at this time is that the coin price begins to leave the upper track, forming a horizontal shape. The upper and lower tracks are increasingly diverging, appearing as a large encirclement shape on the K-line chart. The distance between the upper and lower tracks is getting wider. At this time, the coin price forms a horizontal line, gradually approaching the middle track, which is moving upward, and gradually getting closer to the coin price. The stock price's fluctuation range expands. It jumps up and down; it doesn't increase but also doesn't decrease significantly, fluctuating daily. We call this sideways. It can last from a few days to several months.

The operational strategy at this stage is to sell immediately if the coin price does not return to the upper track three days after leaving it. Selling coins is the main strategy. If you get stuck at this time, you need to rescue yourself. You can also sell at a loss. At this time, the loss is not large because the individual stock has not entered a downward channel; it is just in a sideways trend. Of course, the stop loss should be executed when it's bouncing up during fluctuations. This opportunity arises every day at this stage.

Fourth stage: Contraction stage

Back to the first stage. Basically, the running state of coins is like this.

1. Lower track buying method. When the coin price breaks below the lower track and then consolidates for two or three days before leaving the lower track and moving horizontally, this can be seen as a stop loss stabilizing. At this time, buying in is considered an opportunity that clearly exceeds the risk. The risks of individual stocks have been fully released. Of course, buying at this position does not mean that you can make a profit immediately. This is a good time for medium to long-term buying. Individual coins may still need to consolidate for a while or may immediately reverse back above the middle track. At this time, the Bollinger shape is that the three tracks still point downward, characterized by the coin price leaving the lower track, consolidating sideways. Note, it must leave the lower track and consolidate. If it is still on the lower track, it may still drop. The lower track line is below the coin price line. Pay attention to this.

Many friends are unwilling to buy coins here, thinking they have to wait a long time. I believe that engaging in the cryptocurrency circle is genuine investment and should not be viewed with a speculative mindset. For investment, we can compare it with bank interest. If we invest once and achieve returns several times larger than bank interest, that is quite good. Buying coins here can yield at least a 10% profit. That is the minimum. Why not wait? Just keep a calm mindset. If you are always looking at the next opportunity, fearing being trapped again.

2. Lower track buying rule two:

Another situation is when the Bollinger Bands run in a box arrangement, and the three tracks move roughly parallel forward. At this time, if the coin price drops to the lower track, it will lightly touch the lower track and then bounce back up. You can buy at the lower track. When the coin price reaches the middle track, you can sell. This is a short-term operation. The key point is that the three tracks must be flat and cannot be going down; if they are going down, it is the first situation, and you cannot operate like this. Pay attention to the analysis. Of course, you can also wait until the stock price runs to the upper track before selling, which takes a bit longer. Especially for some coins that will consolidate sideways, you need to wait a long time.

Three, Contraction method: This method has been mentioned multiple times. However, many friends fail to understand it. Many things that are not contractions are mistaken for contractions, leading to being stuck after buying. The contraction method skips the time when the coin is consolidating and buys before its primary upward wave arrives. Grasping this point can lead to quick profits. The key rule is that the stock price must break through the middle track, which must be slightly upward or flat; it absolutely cannot be downward. Even slightly downward is unacceptable.

The upper and lower tracks converge from above or below toward the middle, friends need to understand why the upper and lower tracks converge. The width of the opening of the Bollinger Bands represents the amplitude of the coin price fluctuations. When the upper and lower tracks converge, it indicates that the amplitude of the coin price fluctuations is narrowing, and a trend change is about to happen. Remember, when the amplitude of the coin price fluctuations becomes smaller, a trend change is imminent, including the major market. Since it is a trend change, it could go either up or down. Therefore, the key point here is the middle track: if the middle track goes down, the contraction will lead to a downward trend, which means a big drop. If the middle track goes up and the stock price goes up, a trend change will be upwards, resulting in a big rise. If judged incorrectly here, you will get stuck. The key to large profits or large losses lies here.

I've repeatedly mentioned this earlier, but perhaps I haven't made it clear enough. Some friends are still buying when the middle track is going down. This must be analyzed clearly. Two points: first, the middle track must be upward. Second, the coin price must break through the middle track from below. A red line, not a shadow line.

The key judgment for the contraction rule has another characteristic: after the upper and lower tracks converge, they must separate in an '8' shape, with the upper track moving up and the lower track moving down, thereby increasing the amplitude of stock price fluctuations. They must separate in an '8' shape; otherwise, if the upper track does not move up but remains flat, it will transform into a box arrangement. At this point, it will no longer be a primary upward wave, and the stock price will likely return after reaching the upper track.

If this trend forms, we will sell when the stock price is pushing toward the upper track. We bought near the middle track and sold at the upper track. There will definitely be no loss. It’s just that we didn’t capture the primary upward wave. Therefore, it is crucial that the upper and lower tracks are separated in an '8' shape. Such opportunities are the best opportunities.

1. The significance of moving averages. A moving average is the average cost line of the coin price over a certain period. The calculation method, taking the five-day line as an example, is to add the closing prices of the past five days and divide by five, resulting in the five-day cost price, which is marked on the K-line chart. The next day, add the closing price of that day, subtract the closing price from six days ago, and divide by five to get the second day's five-day cost price. Continuing this process creates the trend of the five-day line, which can be upward, downward, or flat. The others are similar.

2. Bollinger Bands. Bollinger Bands use the 20-day moving average as the middle track, with the upper and lower tracks calculated using a formula. Then, three tracks are drawn on the K-line chart, called Bollinger Bands. Changing the main indicator in the trading system can achieve this.

3. Application of Bollinger Bands. Bollinger Bands can be used to indicate buy and sell points. The parameters of the Bollinger Bands can be set by oneself. Generally, a twenty-day period is commonly used. It can also be nineteen, twenty-one, etc.

Four, Bollinger Bands buying points.

Low position method. This is when a bearish arrangement occurs, and the stock price drops below the lower track, then starts to consolidate for a few days before moving away from the lower track. Buying at this time is called low position buying. The conditions are that the price falls below the lower track and begins to consolidate, with small bullish and bearish movements, generally after moving away from the lower track for three days.

2. Contraction method. In a divergent arrangement, the upper track goes down, and the lower track goes up. When the contraction becomes very small, the middle track should be flat or upward. When the coin price breaks through the middle track from below, buying at this time is called the contraction method. The conditions are contraction, the middle track must be upward or flat, and the coin price must break through the middle track from below. All three must be consistent.

3. In a box arrangement, when the coin price touches the lower track or approaches the lower track, that is the buying point.

Five, Bollinger Bands sell point.

1. In a divergent arrangement. When the coin price rises along the upper track and starts to leave the upper track when it can't rise any further, a doji or upper shadow appears, and the coin price begins to leave the upper track. Sell during sideways movement. Conditions: the coin price rises along the upper track, followed by a bullish line with a long upper shadow, or a doji, or a small bearish line. The coin price leaves the upper track and is no longer on it.

2. In a box arrangement, when the stock price touches the upper track, crosses above the upper track, or fails to reach the upper track and then moves down, these are all selling points.

3. In a bullish arrangement, as long as the three tracks do not flatten out, keep holding regardless of fluctuations. Sell when the tracks flatten out.

Before each trade, everyone must first ask themselves three questions:

First, think about what your reasons are for opening each position.

Second, do you often encounter situations where your profitable trades turn into losses?

Third, do you often hold positions until liquidation without knowing what to do? These three questions are unavoidable for anyone involved in trading; cryptocurrency friends have encountered them to varying degrees. Everyone has gone through this, especially beginners, who are often very blind. The essence lies in their lack of established mature trading thinking and a trading system.

What is a trading system? It is a self-methodology for trading, opening positions, closing positions, increasing positions, decreasing positions, taking profits, and stopping losses, which is essentially your own set of rules. Having such a system means that all your trades have a basis, greatly reducing the chances of making mistakes and the amount of loss. Secondly, you don’t have to monitor the market in real-time; when you strictly follow the system, you know your targets and losses, allowing you to remain stable regardless of market fluctuations.

So how do you establish your own trading system? The most important thing is to have a good mindset. The cryptocurrency circle is a market that can be traded 24 hours a day, with unpredictable and huge fluctuations; strong psychological quality is needed during trading. A person's trading habits, psychological tolerance, strategy execution ability, and the ability to overcome greed and fear vary among individuals, determining that each person has a different suitable trading system.

From my long-term summary, an excellent system must contain the following characteristics:

First, the frequency of opening positions cannot be too high. Many people in the cryptocurrency circle are eager to get rich; they feel that if they don't open a position for a day, they will lose the opportunity for a huge market. In fact, opening positions should depend on the market conditions, not time. Blindly opening positions without market movements only leads to losses. There are many opportunities in the cryptocurrency world, but most are not ones you can catch; no one can take advantage of every fluctuation. 'Waiting' is key; learn to wait and seize your opportunities, which will naturally reduce the frequency of stop-loss orders, and your profits will significantly improve.

Second, overcome greed. Greed is the most taboo thing in cryptocurrency trading, especially when dealing with contracts. The market fluctuates daily; where there is an increase, there will inevitably be a decrease. I have seen too many people who, originally doubling their trades, end up losing due to greed and not taking profits, leading to losses or even liquidation.

Third, strictly set profit-taking and loss-cutting levels. This is the most important operation for contracts and is also the main reason why I can achieve a maximum return rate of 11,570.96%. Before analyzing the market and opening a position, always consider the profit-taking and stop-loss levels, especially the stop-loss position. Calculate whether the profit-to-loss ratio is worth making this trade. When you feel it is feasible, set these two positions. No matter how the market fluctuates, you will remain steady as a mountain. Strictly cut losses at the stop-loss position to preserve capital and take profits in batches to lock in gains.

Fourth, do a good job of controlling your position size. Why control position size? A simple calculation can clarify this: if you earn 20% on one trade and lose 20% on another, with a 50% accuracy rate, after 40 cycles, your assets will be halved; after accounting for fees, even less will remain, and the result is certain: your assets will go to zero. Therefore, you must do a good job of position control. Fixed capital is a good choice, and profit withdrawal is a great habit because what is withdrawn is truly yours; what remains on the exchange are unrealized gains.

Fifth, practice and review. Once you learn to control your mindset, position, funds, and K-line operating techniques, you still lack the most critical and essential part of building your own system, which is to practice and review. Practice leads to true knowledge, and reviewing can lead to improvement.

Reviewing means reviewing every single trade and conducting weekly reviews. Notes and real trades can greatly assist everyone in summarizing and enriching their reasons for opening trades and improving their profit-taking and stop-loss points.

A trading system is not established overnight but must be summarized through continuous practice of opening positions. No one is born understanding K-lines or contracts; it is all learned through exploration. Who hasn’t lost money as tuition? The important thing is that tuition must not be paid in vain; learning from failures allows you to know what not to do and what to do in similar market situations.

Giving someone a rose, the fragrance remains on your hand. Thank you for your likes, follows, and shares! Wishing everyone financial freedom in 2025!

The above are all my practical experiences and techniques from over 10 years of trading cryptocurrencies. They may not apply to everyone and need to be tailored to individual practices. As traders, the most frightening thing is not the technical issues but insufficient awareness, falling into these trading traps without realizing it! There is no invincible trading system, only invincible users of the trading system! This is the truth; the trading system ultimately has to return to the individual!

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