What really changed my destiny was a day four years ago! From then on, I recovered everything I had lost!
At that time, I organized all trading lists and looked through them carefully many times, feeling a mix of emotions. I have a deep impression; there were over 1,000 trading records in total, of which nearly 700 were losses, and only over 300 were profitable. Overall, I had big losses and small gains, with over 200 being significant losses, resulting in an overall loss in those years. Actually, just looking at this trading record reveals a major issue: the first reaction is greed. Seeing those significant losses makes me recall the situations at the time, unwilling to take profits when there were gains, and reluctant to stop losses when there were losses. This is essentially the reason for the eventual large losses.
There were also some small losses mostly due to unclear current thoughts, lack of grasp, operating with luck, insufficient research, and entering blindly. After many instances, the final cumulative loss was significant; fundamentally, it was due to unclear or insufficiently resolute entry points. After summarizing, I found that the truly good entry points should be at the starting point of stock price increases. Many unclear entry points occurred during range fluctuations when the situation was uncertain, leading to an increase in small losses, becoming a slow boil for the frog. By the time I realized it, it was already too late.
Afterward, I summarized, reflected, listed problems, and thought a lot, truly putting all my thoughts into it. Later, I researched techniques and valuable content diligently and summarized it into my own methods, which now I can apply with ease!
I hope to share this with my fans today, and I hope it helps you. If you find it useful, remember to like and save it!
Because of the rain, I want to hold an umbrella for everyone, heartfelt words ❤️
Once I suffered losses of up to 80%, and I doubted life, but I did not give up. I got back up after falling, constantly summarizing my experiences, and now I can support my family by trading coins. Today I share 5 golden rules and 3 market suggestions; though brief, the content is highly valuable.
Rule 1:
Small amount of investment, avoid going all in. The dogecoin market is different from the mainstream market; its high volatility means we should not go all in. Unlike traditional investments, the risk of projects going to zero here is extremely high, so investing small amounts is a rational choice. One important significance of investing small amounts is that even if a project encounters problems, losses can be controlled within acceptable limits. In the dogecoin market, retaining enough 'backup' is particularly important; it is not only key to protecting the principal but also a form of alertness and respect for market risks.
Rule 2:
Act promptly and make decisive decisions. In the dogecoin market, opportunities often vanish in an instant; excessive hesitation may cause you to miss potential high-return projects. Decisive action is not about blindly following but is based on assessments of the project and a keen grasp of market dynamics. Each choice must hold you accountable for your judgment, but after making a choice, you must act quickly to seize opportunities in an uncertain market environment.
Rule 3:
Double your profits to withdraw your principal, and gradually convert the remaining portion in the dogecoin market. Setting a good exit strategy and profit target is crucial. My consistent operational principle is to immediately withdraw the principal when a project doubles; this way, even if there are fluctuations later in the market, the profit portion is already locked in, avoiding damage to the principal. Additionally, if a project continues to rise, you can gradually sell off and cash out in batches. This method not only ensures a certain level of profit but also adapts to market uncertainties. The reason for using the principle of 'doubling to withdraw principal' in the dogecoin market is that projects often experience extreme volatility. Once a project retracts, both the investor's principal and profits may suffer losses, so timely withdrawal of principal when profits reach a certain goal is key to risk control. It should be noted that not all projects need to be held long-term; unless specially noted, it is advisable to exit at the appropriate time according to target profits to ensure gains are secured.
Rule 4:
Diversify your investments to reduce overall risk. In the high-risk dogecoin market, diversifying investments is an effective strategy to avoid concentrated risks. For example, if you plan to invest 500 USDT/10 SOL/1 ETH, you might consider spreading it across 10 projects, investing $50 in each. This way, even if one project fails, it won't significantly impact your overall funds, and the losses can be easily absorbed. Many projects in the dogecoin market carry a zero-risk, so diversification is an important means of controlling overall risk. If you can select projects across different industries and diversify into different types of cryptocurrencies, this approach will further reduce the risk of a single project's failure. Regardless of market conditions, diversification is always a wise choice to cope with market fluctuations.
Rule 5:
Maintain patience and avoid rushing for success. In the dogecoin market, not rushing for success is a crucial psychological quality. There are many opportunities in the crypto circle, but not every day offers suitable chances. Learning to wait and filter is far more stable than blindly following. Many investors, due to unstable mentalities, always want to profit quickly, but in the end, they may lose everything due to impatience. Opportunities in the dogecoin market are indeed difficult to capture, but as long as you wait patiently, you will always find suitable projects. Not rushing for success helps maintain a clear investment thought and avoid the 'greed trap.' One must always remind oneself: there are many 'myths' of drastic rises and falls in the cryptocurrency circle, often illusions caused by speculation. Maintaining patience and calmness is the essential path to success.
In addition to the above 5 rules, here are some additional experience suggestions for everyone's reference. After long-term market observation and summary, I found the following points particularly important to avoid falling into pitfalls during operations.
1. Do not attempt to catch the bottom:
The characteristics of dogecoin market projects dictate that we should not easily attempt to catch the bottom, especially for projects that have experienced significant rises. Once they decline, they often head straight for zero. Maintain sensitivity to trends and do not easily catch the bottom just because of low prices, as this can bring additional risks.
2. Familiarize yourself with the operational process:
Before conducting market operations, it is recommended that every investor familiarize themselves with the process and not blindly follow the trend. Especially for internal trading, due to its specificity, it requires more caution.
3. Keep a close eye on market dynamics:
Always pay attention to market changes and withdraw your principal at the right time. You can use some trading platforms' 'double withdrawal' settings to ensure the safety of your principal. The 'diamond hand' wealth stories circulating in the market are often just manipulation by the manipulators; do not be superstitious. In reality, manipulators often adjust strategies based on retail investors' behaviors, so investors must always remain vigilant and not easily be misled by stories like 'buying for 100 and earning a million.'
Operational thoughts and discipline. Every investor has their unique operational thoughts, but if you choose to join our team, please be sure to operate according to my suggested thoughts. These five rules are a summary of experiences tested by the market, which can help everyone move forward more steadily in the dogecoin market. Ultimately, market operations require strict adherence to discipline and rules, rather than being swayed by emotions. The correct operational thoughts and strong execution are the keys to success.
I hope these 5 golden rules and 3 market suggestions can help you in your investment journey. Although the dogecoin market is full of opportunities, its high risks cannot be ignored.
Maintain caution, control risks, and strictly adhere to discipline to move steadily in this high-volatility market and seize the right opportunities.
Let's find our own opportunities in the cryptocurrency market, avoid risks, and reap substantial rewards together.
A method I have personally tested: My coin trading method is very simple and practical; I traded to a seven-figure sum in just one year, only focusing on one pattern, entering only when I see a clear opportunity, and I do not make trades without a pattern. I have maintained a win rate of over 90% for five years!
Practical tips: KDJ trading techniques
Practical tips: KDJ trading techniques
What is the KDJ indicator? The stochastic indicator KDJ is calculated using the highest price, lowest price, and closing price as basic data. The K, D, and J values form a point on the indicator's coordinate. Connecting countless such points forms a complete KDJ indicator that reflects price volatility trends. It mainly utilizes real price fluctuation amplitudes to reflect the strength of price trends and overbought/oversold phenomena, issuing buy and sell signals before price rises or falls.
The KDJ indicator uses real price fluctuations to reflect the comparison of buying and selling forces in the market. In the calculation process, only the recent highest price, lowest price, and closing price are considered, making it capable of quickly and intuitively judging market conditions.
KDJ is an overbought/oversold indicator for assessing the highs and lows of coin prices. Based on the KDJ values, we divide the KDJ area into: 1. Oversold area: K, D, and J values below 20 indicate an oversold area, which is a buy signal. 2. Overbought area: K, D, and J values above 80 indicate an overbought area, which is a sell signal. 3. Indecisive area: K, D, and J values between 20-80 indicate an indecisive area, where one should observe trends.
Five basic principles of the KDJ indicator: 1. KD fluctuates within the range of 0-100, with 50 being the balance line between bulls and bears. If in a bullish market, 50 serves as a support line; if in a bearish market, 50 serves as a resistance line.
2. When the K line crosses above the D line at a low level, it is a buy signal; when the K line crosses below the D line at a high level, it is a sell signal.
3. K line entering above 90 indicates an overbought area, below 10 indicates an oversold area; D line entering above 80 indicates an overbought area, below 20 indicates an oversold area. Pay attention to grasping the timing for buying and selling. 4. The M-shaped trend of the D line in the high zone is a common top pattern; when the second head appears and the K line crosses below the D line for the second time, it is a sell signal. The W-shaped trend of the D line in the low zone is a common bottom pattern; when the second bottom appears and the K line crosses above the D line for the second time, it is a buy signal. If divergence occurs with the price trend, it's referred to as 'top divergence' and 'bottom divergence', and the credibility of the buy and sell signals is higher.
5. The J value can be greater than 100 or less than 0. The J indicator value provides reliable judgment regarding whether to take action based on KD buy and sell signals. Generally, when the J value is greater than 100 or less than 10, it is considered a time to take action on buying and selling.
Having navigated the market for many years, I am well aware of its opportunities and traps. If your investments are not going well and you feel discontent over losses, leave a '999' in the comments! I will share insights!
