After 10 years of trading cryptocurrencies, I saved a capital of 68,000 from working, and now I have over 80 million. I only trade spot, not futures. Although I haven't turned 10,000 into two small goals like some people, I am very content and stable, dreaming that by the end of this year my account will exceed 100 million, and next year I will have more capital to earn more money.
A good mindset is essential in cryptocurrency trading. During a major drop, do not let your blood pressure spike; during a big rise, do not become complacent. Securing profits is crucial. When I first started trading cryptocurrencies, I was once so worried that I couldn't sleep well and would wake up frequently in the middle of the night; now I am much more calm.
Ultimately, the difficulty in making money lies not in the techniques but in implementing my own set of secrets; just this statement eliminates 70% of the people.
The secret techniques of the cryptocurrency circle; mastering one can unlock a life of wealth. One good move can indeed allow you to eat all over.
First, the longer the market consolidates, the higher it will rise. The longer it consolidates, the higher it will go.
Horizontal consolidation is an indication of bottom accumulation; the more chips accumulated, the greater the ambition.
Second, when it suddenly drops while consolidating, it must be a minor drop; there will definitely be a rise afterward. When it suddenly rises while consolidating, it must be a minor rise; after rising, there will definitely be a drop.
The horizontal consolidation stage is a sign of bottom accumulation, and strong accumulation is represented by fluctuations, manifesting as washouts. Washouts are simply rises and falls back and forth, simple and brutal, but tried and true.
Three, not making new lows means it will rise soon; not making new highs means it's not good.
Not making new lows indicates that major players are continuously buying in, soon to hit the bottom. Not making new highs indicates that the major player is secretly selling off, which is not good.
Fourth, when the amount reaches a tiny point, it must rise significantly; when it reaches a peak, it must fall significantly.
Even a tiny amount is on hold; no one is buying or selling. Either everyone is holding onto their chips waiting for a rise, or the major player has exhausted their chips waiting for a drop.
Five, after reaching a peak and shallow drop, probe down again; after hitting the bottom and rebounding, probe again.
Reaching out again means the major player is selling off the unsold goods again, while touching the bottom is to gather the chips shaken off from the bottom once more.
I have traded cryptocurrencies for 10 years, profiting for 8 years! I have summarized ten major trading rules. The words are short but very valuable. If you feel it is useless after reading, you can say what you want!
Top ten trading rules:
First, do not easily let go of low-cost chips. Stay firm in your beliefs and prevent major players from colluding to manipulate the market.
Second, chasing highs and cutting losses, going all in and out is always a big taboo. When the trend is favorable, building positions in batches during declines is lower risk, lower cost, and greater profit than chasing highs.
Third, reasonably allocate profits to maximize the release of funds, rather than continuously adding positions.
Fourth, when there is a sudden rise, secure your capital; when there is a sudden drop, hold your coins. Your mindset must be positive at all times: do not speculate, do not be restless, do not be greedy, do not fear, and do not fight battles you are unprepared for.
Fifth, the earlier you ambush or buy low-priced coins from private placements based on experience and the major player's bet on the coin's future, the later secondary market game is based on technology and information to follow the major players. Do not confuse the two; otherwise, it will end in a mess.
Sixth, when building positions and selling off, be sure to layer and segment, gradually widening the price gap to effectively control the ratio of risk to profit.
Seventh, familiarize yourself with the linkage effect. When trading coins, pay attention to the movements of other coins as well. Each coin does not exist in isolation during the overall market trading; seemingly unrelated factors are actually intertwined. The linkage effect must be understood regarding coins; many tools are now available to view coin information and news.
Eighth, reasonable asset allocation: the allocation of hot coins and value coins must be reasonable, paying attention to the ratio of pressure resistance to profit intake. Being too conservative may lead to missed opportunities, while being too aggressive may face high risks! The biggest feature of value coins is stability, while hot coins are characterized by extreme volatility, which may lead to either skyrocketing or plummeting.
Ninth, having coins in the market, cash in the account, and cash in pocket is the safest and most reassuring standard configuration. One must not go all in; going all in is a sure way to disaster. Proper risk management and reasonable fund allocation are key to determining your mindset and success or failure. Idle money investment is foundational.
Tenth, master basic operations, learn to draw inferences from one instance to another, grasp the basic ideas of trading, observation is the premise, remember each high and low point as reference data, learn to document, learn to summarize materials independently, develop a reading habit, and cultivate the ability to screen and filter information.
From the perspective of cryptocurrency trading mentality, selling is an ambiguous and not very pleasant thing. However, Qing Tian believes that once a coin reaches the conditions for selling, it should be decisively given up. No one in this market can sell at the most ideal position every time. The selling position should not pursue high but should pursue reasonableness! Therefore, Qing Tian will share this time the exit techniques and key points that have been verified many times with a 90% probability over the past ten years with all retail investors!
Trading cryptocurrencies is a form of cultivation; only by enduring loneliness can one succeed.
After 10 years of trading, I have forged the 'Five Major Investment Rules + Ten Trading Rules + Stable Investment Plan' with real money in the cryptocurrency market. Whether you are a novice or an old hand, once you deeply understand its essence, I believe it will help you in your future trading.
Five Major Investment Rules:
1. Consider and observe projects from multiple angles; do not follow the crowd blindly. The cryptocurrency market has seen many cloned money-making projects, and once the founder runs away, there is no way to hold them legally accountable.
2. Understand blockchain-related knowledge and know the industry pain points that blockchain solves before entering the cryptocurrency market.
3. For projects you want to invest in, you must have a comprehensive understanding of whether the project truly uses blockchain technology, whether the founder has publicly disclosed their identity and background, whether the project's business logic is closely related to the token, and whether there are similar projects in the same industry addressing industry pain points. If the project successfully lands, does it have the ability to generate profits in real life?
4. If you cannot accurately judge the project prospects of a coin, do not invest more than 20% of your assets in blockchain investments, and do not put all your eggs in one basket.
5. High-quality projects will also experience fluctuations. Treat them with a calm mind. For the investment projects you believe in, do not worry too much about the price in the short term. Pay attention to whether the development progress of the team aligns with the white paper. Additionally, only by holding for the long term will you ultimately earn more returns.
Stable investment plan:
Position control; never easily go all in. Why should you avoid going all in?
The first point is risk control; you cannot guarantee that your purchase will rise immediately. If you encounter a waterfall decline, your assets will be greatly discounted, and you may not be able to add positions to lower your average cost.
The second point is mindset control; I have had this experience myself. After going all in, I would keep staring at the market, severely affecting my mindset. I couldn't even sleep well.
The third point is the risk of being cut by others, having a gambling mentality, wanting to see changes in your earnings at every moment. After going all in, if you see your coin price hasn't risen in a short time while others have, or if there are other coins you want to buy, you may sell at a loss repeatedly, leading to diminishing returns.
Long-term 30-40%, hold for a long time
Short-term 30-40%, why short-term exists
Many people say that short-term trading is bound to lose money. However, under a long-term capital allocation, trading cryptocurrencies can be very interesting. I believe that the vast majority of people can't control their hands; as long as you manage your position well and avoid frequent cuts, short-term trading should generally yield profits upon exiting (special situations occur if there are issues with the project or the overall market).
From trading, I have penetrated the meaning of life, learning to examine and think about everything around me from the perspective of volatility and probability, seeing clearly what I want. This is my greatest gain from trading study and research.
Since I thought I had gained enlightenment, I buckle up while driving, quit smoking, restrain my pride and impatience, live earnestly, love learning, love working, and treat everyone and everything around me kindly.
Quit bad habits; success will come effortlessly.
I bought a cheap piece of jade and carved the phrase 'humble gentleman, gentle as jade' as a reminder to myself.
I have realized many truths; let me casually mention one: all correct goals are meant to prove my mistakes. I humorously verified it.
Now, trading is asking me to quit trading. Really, I suddenly feel that a life of being on autopilot is meaningless. This way of making money is not worth living; it will destroy my hope for the future.
I want to temporarily escape from a lonely life and do something I love during my spare time. I started learning to write with a brush every day, sketching, appreciating famous paintings, playing the electronic keyboard, listening to music, studying psychology, reading classic texts, proactively smiling and chatting with people, inviting others to meals when I have the chance, taking walks in the park when I have time, enjoying the trees, mountains, and water. And these happiest moments have nothing to do with money. I never thought about changing anything; just being able to see and experience this world more is enough to make me happy. Humanity has passed down so many interesting and lovely cultures; why would you entrust your entire life to candlesticks and remain lonely for a lifetime?
These are all the lessons trading has taught me. What do you say is the essence of trading? It is a reflection of your inner self, understanding what you truly want! If you manage to find balance, the market will be humble and accommodating; if you are greedy, the market will surely leave you burned out. If you try to defeat the market, it will leave you without a place to die.
"My life has been a failure!"
This is the reflection of successful speculative predecessors who are unreachable by you when they commit suicide. Speculation is too fast and crazy; since the body can't keep up, why not slow down?
If you ask me what the essence of trading is, I only seek one failure.
If you ask me again what the essence of life is, I only seek one death.
Do you think this is pessimism? Do you think this is arrogance?
No! This is a calm and peaceful game attitude without joy or fear.
Speculation is a game, but it is also your career.
Speculation is a game, but it is also your own career that requires continuous effort, contribution, and summarization.
I am looking for a game larger than mere leisure and social interaction. I want to become the most outstanding person in the cryptocurrency circle through my efforts - this brings me true joy and satisfaction. Trading cryptocurrencies is essentially playing a game; one must win in this game. Good cryptocurrency traders must not be unlike well-trained professional athletes; they must develop good habits and maintain ample physical strength if they want to keep their energy at its peak. Physical strength and energy must be aligned, as there is no battlefield more tense and exciting than trading cryptocurrencies.
What drives me is certainly not money; it is a game, a game of unraveling puzzles, a game that complicates the greatest minds in human history. For me, passion, challenge, and excitement are all about winning this game; this game is a vibrant riddle, a riddle with a double entendre answer, and this answer is for me to reveal to all men and women speculating on Wall Street.
In this game, your nerves are pushed to the limit, but the rewards are also very high. My career is trading - that is, following the facts in front of you, not what I think others should do.
Let me remind you: your success will be proportional to the sincerity and loyalty you show in your own efforts. This effort includes keeping your own market records, thinking for yourself, and drawing your own conclusions.
If a person wants to live off this game (speculation), they must believe in themselves and their judgment. No one can make big money based on what others tell them to do. Trading cryptocurrencies is the greatest and most complex puzzle invented by humanity, and the person who solves this puzzle deserves the grand prize. It takes a long time for a person to learn all the lessons from all their mistakes.
Some say everything has two sides, but the market only has one side - it's not the bullish side or the bearish side, but the correct side. Let this principle be deeply imprinted in my mind; the time spent on it far exceeds most of the technical aspects in cryptocurrency speculation.
There is only one path to success in speculation: effort, effort, and more effort.
An investor's biggest enemy is themselves.
An investor's biggest enemy is not the market or anything else, but the investor themselves. Big volatility can make you big money!
Let me tell you one thing: after experiencing many years on Wall Street, earning millions of dollars and losing millions of dollars, I want to tell you this: my thoughts have never earned me big money; it has always been my unwavering persistence that has earned me big money. Do you understand? It is my persistence that has paid off!
It is not surprising to make correct judgments about the market. You will always find many people who were bullish in a bull market and many who were bearish in a bear market.
I know many people who judge correctly at the right time. When they start buying or selling, the price is exactly at the level where the maximum profit should occur.
Their experiences are all the same as mine - that is, they have not made real money from it.
It is rare to find someone who can judge correctly and remain steadfast at the same time; I find this to be the hardest lesson to learn.
Only when a cryptocurrency trader truly understands this can they earn big money. This is absolutely true; once a trader knows how to operate, earning several million dollars is easier than when they knew nothing and wanted to earn a few hundred dollars.
Three core strategies to improve success rates (practical advice)
"Successful trading is not just about technique; it is a competition of patience with oneself." - Soros
Short-term trading, as a rapid profit-making method in the market, attracts countless investors. However, in high-frequency entry and exit, how can one maintain a high success rate?
Especially for short-term traders, stabilizing profits requires not only skills but also patience and strategy. Today, let's talk about several key methods to improve success rates in short-term trading, from signal screening to adjusting profit and loss ratios, to accumulating returns. I hope this can provide effective references for you.
1. Signal screening: patiently waiting for the best timing
In short-term trading, capturing suitable buying and selling moments is crucial. This not only helps us avoid false signals but also effectively increases our winning rate. However, truly high-success rate opportunities are rare. To find such opportunities, we need to have ample patience and strict signal screening abilities.
a. Trading opportunities with multiple resonance conditions
The so-called 'multiple resonance' refers to multiple technical indicators or signals resonating at the same time or within a short period. This resonance can be the simultaneous resonance of price patterns, technical indicators, and market volume, or the consistency of short-term and long-term trends. Resonance signals not only indicate a strengthening market trend but also serve as relatively safe entry signals.
For example, when the moving average system, RSI indicator, and candlestick patterns all point in one direction, this is a signal of multiple resonance. The advantage of this type of signal lies in that it not only improves the success rate but also significantly reduces the interference of false signals. Multiple resonance indicates a clearer market consensus and higher reliability for entry.
b. Trading opportunities after false breakouts
In short-term trading, false breakouts are often a means to lure in buyers or sellers. This phenomenon can help us capture reversal opportunities after a market washout. Specifically, false breakouts usually occur near important support or resistance levels, and when the market quickly retreats after breaking a key position, it often means that the major players are clearing floating chips in the market.
Reverse opportunities after false breakouts usually have a high win rate because market sentiment has clearly reversed at that point. For example, if a stock price quickly pulls back above the support level after a false breakout downwards, that is an opportunity we can consider entering. By capturing opportunities after false breakouts, short-term traders can achieve high returns with low risk.
c. The importance of patience
Signal screening and patient waiting are equally important. Many short-term traders are easily swayed by market fluctuations, leading to overtrading, which is often the main reason for a reduced success rate. In short-term trading, patience is the key to our success. Waiting for clear signals and patiently observing the market direction allows us to find truly qualifying trading opportunities.
Follow closely with precision strategies, analyze with huge amounts of capital and AI big data, and position yourself to remain undefeated? The market never rejects opportunities; the question is whether you can seize them. By following experienced people and the right ones, we can earn more!
