I made 12 million from 70,000 yuan in the last bull market. I have been speculating in cryptocurrencies for 10 years and now support my family by speculating in cryptocurrencies. I have summarized my hard-earned experience.
1. Once the rise begins, it will never end easily, so the big pullbacks in the early stage are all to clear the long leverage. Don't be afraid, keep a good attitude
2. There are many pins in the bull market. If your position is not fully filled, wait for a pullback. It is best if the market falls by more than 20 points, and then fill up the value coins directly. Otherwise, fill up the position directly at a high position, and you will be given a pin at any time. Most people cannot withstand the pullback.
3. You must do a good job of position management. It is best to have a layout in several key sectors, because if you have all your positions in one sector, this sector will not move in the short term, while other sectors will rise all the way. This is the most uncomfortable thing. You will be trapped again when you chase it, and it will take off again within a few days of clearing your positions. Many people have encountered this. So either don’t buy it, or hold it firmly if you buy it. You will always wait until your coin rotates. In a bull market, even the most garbage coin can increase five or ten times.
4. The market always rises amid disagreement. When a bunch of people criticize it, it is often an opportunity, while when everyone is optimistic, it is a risk.
5. Don’t always think about short-term selling high and buying low. Once you get off the train, you will find that you can’t get back on. You can’t make as much money as others who just lie down and do nothing.
6. Every time there is a correction, the market will panic and say that the bull market has run away. The fact is that it will take at least three or four major corrections before the bull market may end. So don't be afraid, you must have a pattern. As long as you can hold on and hold on to the coins that are not junk, even the worst ones can be five or ten times higher. After a round of bull market, it is nothing to gain 20 or 30 times the spot price.
In the cryptocurrency world, which is full of variables and opportunities, there are many ways to play. Let's take a look at how many of the following operations you have mastered?
Tips for hoarding coins for veteran players: The way to hoard national currency for veteran players is actually simple and clear, just two steps - buy! Hold! Then just take good care of your "Digital Baby +" and wait for the harvest time to come. It sounds like a piece of cake, but it is actually a great test of personal willpower. When the market rises slightly, you can't help but want to sell; once it falls, it is inevitable to be flustered. But if you can really hold on for a long time, the final gains will definitely not let down your patience.
Bull market quick attack strategy: When the bull market comes, it is recommended to take out a small part of idle funds to participate in investment. Adhere to the principle of not overweighting, and only use one-fifth of the total funds. Select some digital currencies with medium market value. If the price rises, change the target decisively; if the price falls, adjust in time. Let the funds continue to circulate. Even if you are stuck occasionally, you can quickly get out of it with the overall positive atmosphere of the bull market. But remember, avoid those worthless and inferior currencies.
Follow the flow of funds: In the bull market, the flow of funds is like the sand in an hourglass, showing a trend of gradual transfer from large digital currencies to small digital currencies. First, the top mainstream currencies rose sharply, then led the mainstream currency market, and finally the niche currencies also ushered in a rising tide. As long as you can accurately grasp this rhythm, making money is not difficult.
Pyramid Buying: When the market falls sharply, it is a good time to use the pyramid buying method. The more the market falls, the stronger the buying force. The advantage of this operation is that it can effectively reduce costs and reduce investment risks. Once the market hits the bottom and rebounds, rich returns will follow.
Moving average investment skills +: For investors who are familiar with candlestick charts, setting moving averages and making trading decisions based on them is a necessary skill. Carefully observe which two moving averages the current price is between, so as to make wise buying and selling choices. This method is more suitable for players with a certain investment foundation.
Strong national currency strategy: select a few high-quality digital currencies that you are very optimistic about, earn the difference by buying low and selling high, and then use the profit to continue to buy more digital currencies. In the long run, your digital currency reserves will become increasingly abundant and your income will steadily increase.
ICO compound interest operation +: When a new digital currency is issued, enter the market decisively. After the price rises several times, withdraw the principal in time and reinvest the profit in the new ICO project. Through this cycle of operation, the principal can be guaranteed to be safe and the profit can be continuously increased.
Sell high and buy low cycle operation: choose those digital currencies with large price fluctuations, buy when the price is low, and sell when the price climbs to a high level, and repeat this cycle. However, this operation requires close attention to market dynamics at all times and the ability to respond quickly.
Small-amount diversified investment in small coins: Take out a small amount of money, such as 10,000 yuan, and evenly distribute it to ten small-cap digital currencies. These are small and usually have low costs and great growth potential. Once you achieve a profit of three to five times, stop profit decisively. Even if you are unfortunately trapped, don't panic too much, you can take a long-term view. Once you make a profit, withdraw the principal and invest in a new small-cap digital currency target. The compound interest effect generated will bring you unexpected surprises.
The trading market is changing rapidly, but mastering a stable strategy can help you find solid support in the volatility. If you want to avoid detours in trading, you might as well try using the Fibonacci Strategy+ and verify your trading logic in combination with the market structure!
In the trading market, the key to profitability lies not only in the precise timing of entry, but also in how to manage positions. Adding positions is a strategy to magnify the profits of profitable orders, but different ways of adding positions contain different risks and opportunities. Many traders emphasize that "adding positions with the trend" is the best way, and "adding positions against the trend" is considered taboo. However, there is no absolute truth in the market. Adding positions with the trend and adding positions against the trend each have their own rationality. The key lies in how to use them.
Trading is a game of probability. The correct strategy should be based on the premise that risks are controllable, rather than blindly pursuing a single method. As part of trading management, the choice of adding positions should depend on the market environment, trading system and personal risk preference, rather than arbitrarily applying the "golden rules" of the market. (Author's public account: Crypto Whale)
Increase your position with the trend: take advantage of the trend and magnify your profits
As the name suggests, adding positions with the trend means gradually increasing positions as prices move in a favorable direction when the market trend is clear, in order to gain greater returns on the basis of existing profits. The core concept of this method is to "let profits run" rather than adding unnecessary risks in the uncertainty and volatility of the market.
Advantages of adding to your position with the trend:
Follow market trends and reduce the risk of adverse losses
The utilization rate of funds is higher, allowing profitable orders to continue to expand their profits is in line with the logic of trend trading and is conducive to following the mainstream funds in the market
In a continuous upward trend, if traders only maintain their original positions, the growth of profits will be limited. By increasing positions in line with the trend, positions can be continuously enlarged during the upward trend, making full use of the dividends brought by market trends. For example, when the market breaks through and the support is confirmed to be effective, increasing positions can ensure the continuity of trend trading.
However, adding to the position with the trend is not without risks. The market does not always develop as expected, and the price may experience a sharp retracement after adding to the position, or even form a false breakthrough, putting traders in a passive position.
Therefore, when adding to a position with the trend, traders need to follow the principle of one move:
The selection of the position adding point should be based on the trend support level, key moving average or the signal of volume enlargement, rather than chasing high at will. Reasonable allocation of positions - adopt the "pyramid adding position" method, that is, the position adding position decreases each time, so as to avoid huge losses when the market reverses.
Set stop-profit and stop-loss -- avoid profit taking due to drastic market fluctuations, ensure maximum profit while controlling potential losses
Applicable scenarios and summary
Increasing positions with the trend is suitable for strong trending markets, such as when prices continue to hit new highs, trading volume increases simultaneously, and market sentiment is high. In this case, increasing positions with the trend can help traders further improve capital utilization while reducing trading risks.
However, if the market trend has not yet been established, or the price is fluctuating near the key resistance level, rashly adding positions may result in being trapped at high levels. Therefore, the premise of adding positions in line with the trend is that the market trend is clear and traders can effectively identify the effectiveness of the breakthrough.
Summary: Increasing positions with the trend is a strategy to use market trends to magnify profits, but traders need to carefully choose the point of increasing positions and combine risk management measures to ensure the security of funds.
Adding positions against the trend: diluting costs and seeking rebound
Adding positions against the trend means gradually increasing positions when the market trend is not favorable to the direction of one's own positions, in order to obtain greater returns when the market rebounds. This method is usually regarded as a high-risk trading strategy because the reversal of market trends is not always as expected by traders.
However, adding to your position against the trend is not without merit. In certain specific market conditions, it can be an effective way of money management, for example:
Spread the cost of holding positions and increase profit margins. It is suitable for volatile markets and accumulates chips at low levels.
Combined with fundamental analysis, positions can be established when the market is oversold
For example, in a bull market adjustment, when prices fall back to key support levels and fundamentals remain strong, adding positions against the trend can reduce overall costs and profit from subsequent increases. However, if the market continues to decline unilaterally and traders continue to add positions, it may lead to funds being completely locked up or even liquidation.
Risks and countermeasures of adding positions against the trend:
The trend has not reversed, and the funds are deeply trapped -- Prices do not always rebound as expected, and rashly adding positions may further increase losses. Improper fund management, the account is exposed to excessive risks -- If the position is too heavy, once the market continues to move in an unfavorable direction, it may lead to an inability to stop losses and eventually a liquidation.
How to deal with it?
Set clear conditions for adding positions - only consider adding positions when the market enters a key support area, is severely oversold and shows signs of stabilization, rather than blindly buying at the bottom.
Control the proportion of adding positions - avoid excessive positions. Each increase in positions should be in a fixed proportion rather than a large one-time increase in positions.
Strict stop loss - If the market trend goes against expectations, you must stop loss decisively to prevent your funds from being trapped.
Applicable scenarios and summary
Adding positions against the trend is suitable for situations where the market is volatile or enters an important support area. For example, in the adjustment phase of a bull market, when the price falls back to the long-term moving average or historical support level, adding positions is done by combining market sentiment and fundamental analysis. In a unilateral downward trend, adding positions against the trend is extremely risky and may lead to capital exhaustion, so traders should use it with caution.
Summary: It is not impossible to increase positions against the trend, but it needs to be done under the premise of strict risk control. It is suitable for volatile markets or oversold rebounds, but if the market trend has not reversed, blindly increasing positions will bring huge risks.
Conclusion: There is no fixed trading strategy, the best solution is the one that suits you
There is no right or wrong in the choice of adding positions strategy. Only the one that suits you is the best solution. Whether adding positions with the trend or against the trend, there is rationality. The key lies in whether the trader can correctly identify the market environment and manage risks reasonably.
There is no always correct method in the market, only strategies that are suitable for the current market. In the trading market, only by being flexible and strictly implementing trading strategies can you be invincible in the long-term game.
Ten essentials of cryptocurrency trading that are so accurate that they are shocking.
1. There is really no need to be too greedy, because there is no end to the money to be made in the cryptocurrency world.
2. There is really no need to be too afraid, because the dealer will not let the market collapse.
3. It is also difficult for the main players, as they are also afraid of not being able to ship the goods.
4. When the price falls, you must pay attention to the coins with large volume at the bottom, regardless of whether they have really broken through.
5. Maybe if you hold on for a while longer, the wash will be over.
Mid-term mentality, heavy position in a currency, keep some in hand, sell at highs, buy at lows, rolling operation is the best strategy 5.
7. When doing short-term trading, the most important thing is to look at the K-line and the four factors of sentiment, heat and rising speed.
8. It is safest to buy currencies that are bottoming out.
9. It is the most correct choice to buy currencies that are gradually accelerating their rise.
10. The most worthwhile application is the divergence of the technical indicator, rather than the numerical value of the indicator.
You can't expect to become rich and famous in one transaction, but you should rely on moderate profits to achieve a lasting, stable, sustainable and high-odds situation so that you can accumulate wealth continuously. Professionally shape advantages and accurately determine the outcome. If you feel at a loss in currency trading at the moment, you can follow me
A single tree cannot make a boat, and a single sail cannot sail far! In Erquan, if you don’t have a good circle and first-hand information in Erquan, then I suggest you follow me and I will take you to the shore for free. You are welcome to join the team!!!
