How to turn 100,000 into 20 million? My journey of reversal!
Hello everyone, I was born in 1988, my name is Instructor. In 2015, I accidentally came across the cryptocurrency trading industry. At first, I lost hundreds of thousands just like gambling. But later, I began to study seriously, searching for information everywhere, learning relevant knowledge, and continuously improving my abilities. After several years of ups and downs, I finally迎来了 turning point in 2024. I started my journey of reversal. In just over two years, I turned 100,000 into an eight-digit figure!
Core Principles - Three Don'ts of Cryptocurrency Trading:
Avoid buying during a price surge: When market sentiment is high, prices are often inflated. Instead, buy during market corrections or declines, taking advantage of the fear in the market to acquire assets at low prices.
Diversify risk: Don't put all your funds into one cryptocurrency. Diversified investments can spread risk, so even if one cryptocurrency performs poorly, it won't deal a fatal blow to your overall investment.
Control position size: Full margin trading can limit your flexibility. Retaining a certain amount of cash reserves allows you to quickly adjust your strategy when market trends don't align with your expectations.
Six Rules for Short-term Cryptocurrency Trading:
New highs often follow high-level consolidation, new lows often follow low-level consolidation: High-level consolidation usually signals a new round of price increases, while low-level consolidation may lead to further declines. Wait for the trend to become clear before taking action. $ETH
Do not trade during sideways movement: When the market lacks a clear direction, the best practice is to wait and see until the trend becomes clear. $BTC
Buy on bearish candles, sell on bullish candles: A contrarian thinking strategy, buy when the market is generally bearish, sell when the market is generally optimistic, reducing the risk of chasing highs and cutting losses. #币圈
Assess rebound strength based on the speed of decline: Rapid declines are often accompanied by rapid rebounds, while slow declines may lead to more moderate recoveries. #币圈暴富
Pyramid-style position building: Gradually increase your holdings, especially increasing purchases during price declines to lower costs and lay the foundation for future gains. #比特币
After sustained rises and falls, there must be consolidation: After long-term price movements, there will always be a consolidation period with smaller price fluctuations. At this point, it is not advisable to rush in and out; wait for the next trend signal. #特朗普马斯克分歧
