True experts in cryptocurrency trading follow the principle of simplicity, repeatedly performing simple tasks. This short-term trading model boasts a win rate of up to 98.8%, learning to turn a small amount of 3 into 10 million is a simple process by using only this single model.
I know a friend from Shanghai who enjoys short-term trading and is particularly passionate about many techniques. In just a few years, he has grown from small to large, now living off cryptocurrency trading. After improving his 'techniques' and practicing them this year, he transformed an initial capital of 3 into 8 million in less than a year. I hope to share this to help fans!
The primary winning rule in cryptocurrency trading is to wait patiently with no positions.
The most challenging aspect of trading cryptocurrency is waiting while holding no positions. In the investment field, anyone with patience and the ability to wait will surely reap rewards, and trading cryptocurrency is no different. Calmly waiting will lead you to a good price, a very good entry point. However, many people chase immediate benefits, fearing they might miss out on a fortune. In reality, many market participants cannot tolerate waiting; the wait is too long to endure.
If you cannot endure, it is advisable to engage in other activities, spending more time with nature and flowers, enriching yourself, and forgetting about the 24/7 trading temptation.
Upon entering the cryptocurrency world, regardless of how high your emotional quotient or intelligence is, without patience, you will ultimately fail and become a terrible market participant. Most of them have unstable personalities and emotions, and the cryptocurrency world easily reveals their tempers, leading to unstable mindsets and distorted operations.
If, during the investment process in cryptocurrency, you feel that you have terrible luck and are often experiencing distortions in your operations, consider going out more often. Fortune may come to you as you walk; nature can absorb the negative energy from investors, uplift your spirits, and become a source of personal vitality.
Waiting, patience, and holding no positions are all significant tests of character. Through countless data statistics from predecessors in the cryptocurrency world, a set of data has been derived.
1. Trading more than 10 times a day results in an average return of -79.2% over 3 years. 2. Trading more than 5 times a day results in an average return of -55%. 3. Trading more than once a day results in an average return of -31.5%. 4. Trading 0.3 times a day results in an average return of 12%. 5. Trading 0.1 times a day results in an average return of 59%. 6. Over 90% of people lose money in trading, highlighting how difficult it is to reduce trading frequency in a rapidly changing market; doing nothing becomes quite challenging.
The many years of insights from veteran cryptocurrency traders. True traders care only about two things: if the trend after buying indicates they did the right thing, what to do next; if the trend after buying indicates they did the wrong thing, what to do then. Trading opportunities are not always available, so patience is especially important. Wait patiently with no positions, waiting for trends and timing. Hold positions patiently, waiting for the trend's conclusion. Accumulate patiently; compound interest is the way to go. Learn patiently; only through accumulation can you achieve results.
In the cryptocurrency world, there are only two types of people who can make money. The first type is those who can patiently wait with no positions, anticipating a significant drop, adding their identified valuable coins to their watchlist, and when a major market drop occurs, they buy in fully, making a substantial profit. The second type is value investors who buy during bear markets, acquire quality coins, hold for the long term, and invest regularly, allowing compound interest to roll and explode with power. By achieving these two points, you will definitely outperform 90% of the market participants who chase highs and cut losses, while saving effort and worry.
When the market develops according to the trader's judgment, there is no need to do anything; just patiently watch. Therefore, it is essential to understand that trading actions are merely instantaneous events. Out of 365 days a year, the actual trading time may only be a few hours, while the rest is long and lonely waiting.
The most important thing in trading is waiting. 99% of the time is spent waiting; buying and selling only happens in an instant! Wait for opportunities with no positions; wait for profits when holding positions! Wait for the right moment! Wait for opportunities within your trading system and trading model, i.e., buying and selling points. Waiting requires time and patience, so patience is vital!
Investing in cryptocurrency emphasizes patience. Whether waiting with no positions for opportunities or waiting for an increase with full positions, it is an essential path. Recognize that investing is like farming; after sowing seeds, do not rush to reap. Understand that growth takes time, and such waiting becomes entirely reasonable. Just as farmers follow natural laws, knowing that sowing and harvesting require waiting, cryptocurrency investors comprehend market cycles and can calmly face waiting, viewing it as an integral part of the investment process—indispensable and tranquil, just like breathing.
Regarding the current cryptocurrency market, let’s reinterpret it. There is a pattern in the cryptocurrency world: a bull market always starts with small rises, then experiences a period of decline and consolidation, before finally welcoming a true bull market. This is akin to a marathon, starting with a slow jog to warm up, then transitioning to a medium-speed run to accumulate strength, and finally, a full sprint!
Currently, the cryptocurrency market has completed the small bull phase and may enter a period of volatility or decline. This stage may last up to 4 to 6 months, at least 1 to 2 months, much like a brief storm. Please wait patiently; after the storm, a splendid rainbow will appear!
Today, I will summarize the 15 most useful trading rules from my ten years in cryptocurrency trading; I suggest you take them to heart!
1. A significant drop is a touchstone for quality coins. If the market crashes and your coin only slightly declines, it is evident that the market maker is defending the price and preventing a drop, so this coin can be held with confidence; it will yield returns.
2. If newcomers do not know how to buy and sell, the simplest and most direct method is to hold above the 5-day moving average for short-term trades; sell if it breaks below the 5-day line. For mid-term trades, hold above the 20-day line; sell if it breaks below the 20-day line. There are many methods, and the best is the one that suits you. The difficulty in trading is not the lack of methods but the execution. Blindly sticking to one method works for over 90% of people; simplicity is key.
3. Once a primary upward wave forms and there is no obvious increase in volume, decisively enter. If the price rises with volume, hold; if it falls with decreased volume but the trend remains intact, hold; if it breaks the trend due to a significant drop in volume, quickly reduce your position.
5. If there is no fluctuation three days after a short-term purchase, sell if possible. If the price drops after buying, cut losses at 5% unconditionally.
6. If a coin drops 50% from a high and has fallen for 8 consecutive days, it has entered an oversold channel, and an oversold rebound is imminent; you can follow in.
7. When trading cryptocurrency, focus on leading coins; only trade leaders and avoid miscellaneous ones. This is because leading coins rise the most during uptrends and are the most resilient during downturns. Do not hesitate to enter the market; trading cryptocurrency is often counterintuitive. Do not buy just because of significant drops, and do not refrain from buying when prices rise significantly. The less you dare to buy, the more it rises, and the more you dare to buy, the more it falls. The strong remain strong; when trading leading coins, it is crucial to buy at high positions and sell at even higher ones!
8. Embrace the trend and go with the flow. The purchase price is not about being the lowest but about being the most suitable. You will not gain an advantage just because the purchase price is low, as a downtrend does not signal a bottom. Abandon trash coins; trend is king.
9. Do not let the rush of profit cloud your judgment. The hardest thing in the world is to sustain profits. You must seriously review whether it is luck or skill; a stable trading system suitable for yourself is the key to sustained profits.
10. Do not trade for the sake of trading. What does that mean? It means that when you do not have enough confidence that this trade will be profitable, do not force a position. Holding no positions is a skill. Those who know how to buy are students, those who know how to sell are masters, and those who can hold no positions are the grandmasters. The primary consideration in trading is not profit but capital preservation; it is not about frequency but success rate!
11. In fact, in speculative markets, being reactive is the worst approach. Use your fixed trading system; remain unchanged in the face of changes. It is not about using a thousand methods, but about sticking to one method a thousand times; doing nothing is the best defense. Often, the moments when you are most reluctant are the times when you make the most mistakes. This is something for you to ponder seriously!
12. I believe that anyone who has been trading for over four years does so out of 'passion.' Passion is essential, but do not become overly obsessed or fall into a pit of no return; family is our greatest responsibility.
13. External factors are uncontrollable; look within yourself. Never blame your failures on others; this is incredibly important. No matter how low you fall, you must take full responsibility for your decisions. Only by taking responsibility can you face mistakes directly and potentially avoid repeating them. True cryptocurrency traders are warriors who dare to face their errors!
14. Listen less to external gossip, as opinions are neither right nor wrong. Often, what you can see is what they want you to see, or these are the words you want to hear. When you lose interest in media or any expert methods, congratulations! You are not far from entering and succeeding, as you may have gained a bit of your own belief.
15. You may think you are trading the market, but in fact, you are trading yourself. The successful appearances we see are merely results and performances; behind success lies immense perseverance and patience. The greatest struggles are hidden behind greatness. Time is the most valuable asset; endurance surpasses intellect; innate talent is unimportant; mindset is crucial!
Are you losing in cryptocurrency trading? Don’t worry; after reading this article, you will turn your situation around!
Friends, are you exhausted from trading cryptocurrency, with your wallet getting thinner? Don't worry, I once experienced that unbearable feeling, with debts reaching a million, but after much reflection, I finally understood the true essence of trading cryptocurrency!
Did you know? In the cryptocurrency world, the only people who can truly get rich are those who have experienced liquidation and losses, yet can still stand up, summarize their experiences, and possess a great mindset. That's right, I am that kind of person, and now I want to share my experiences with you!
First, you must understand that trading cryptocurrency is like war, with survival as the primary principle. No matter how much you have earned in the past, a single 100% loss means you must start over. Therefore, preserving your capital is the hard truth! Before each trade, ask yourself: How much do I plan to earn? What is the maximum loss I can tolerate? Once that bottom line is reached, exit immediately without hesitation!
Secondly, you need to have a clear operational system. Do not blindly follow trends; do not buy whatever others buy. You need to make your own judgments and have your own trading strategies. Know when to enter and when to exit.
Furthermore, the trend is your good friend. Do not be misled by short-term fluctuations; you must be patient and wait for significant market movements. Once the trend is clear, follow it; do not go against it. Remember, bull markets do not end in a day, and neither do bear markets. You need patience to reap the rewards!
Mental quality is also key in cryptocurrency trading. You must have strong mental fortitude; do not panic at the slightest fluctuation. You need the mindset and outlook of a universe capable of withstanding liquidation to navigate this market smoothly.
Of course, you must continue to learn and research. Do not think that just because you understand a little bit, you are invincible. You must constantly learn new knowledge, understand market dynamics and project backgrounds. Only then can you stand firm in this rapidly changing market.
Finally, I want to share with you the most foolish trading method—diversified investment to reduce risk. Do not put all your eggs in one basket; you should spread your funds across multiple potential projects and asset classes. This way, even if one project collapses, you won't suffer significant damage.
Moreover, you must choose a safe trading platform and wallet. Do not choose unreliable platforms just to save a bit on transaction fees. You should opt for well-known and secure platforms for trading to protect your funds.
Stay close to Su Ge, using precise strategy analysis, selecting from millions in AI big data to position yourself in an unbeatable place? The market never lacks opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more!
