Can you believe that 1000U can roll up to 100,000U? My experience of turning my life around from 6 years of debt tells you that there are no myths in the crypto world, only hard-earned practical rules!
In 2017, I entered the crypto market with 200,000 yuan, went through experiences of liquidation, online loans, and debt, and then made a desperate comeback with my last 1000U loan. Today, I have condensed my core insights into three points; after reading this, you can avoid 5 years of detours!
1. The Iron Triangle of Making Money (A Must-Read for Beginners!)
1. Look at the big cycle to set the direction
Focus on the 4-hour/daily chart; the market can be divided into three types:
Bullish candles breaking previous highs → A strong bull is here
Bearish candles breaking previous lows → The market is being dumped
Price fluctuating back and forth → Just sit back and watch
Remember: Only go long in an uptrend, only go short in a downtrend, and play dead in a sideways market!
2. Find key support levels
Price is like a trampoline; it will bounce back when it hits support and must retrace when it hits resistance. Remember these three tips for finding points:
Draw horizontal lines at previous highs and lows
Fibonacci retracement levels
Areas with concentrated liquidation volume
3. Capture entry and exit points on small cycles
When the daily chart shows bullish signals, switch to the 15-minute chart to find entry signals:
MACD golden cross with volume increase
Breaking through a descending trend line
Long lower shadow + volume doubling
If any 2 of these signals appear, enter the market with your eyes closed!
2. 8 Essential Items for Survival
1. Choose coins: Only trade BTC/ETH, altcoins are gambling with your life
2. Position: No more than 5% per trade
3. Stop-loss: Cut losses immediately if it drops below the support level by 3%
4. Take profit: Set a 3:1 risk-reward ratio (if you earn 3000, cut losses at 1000)
5. Time periods: Avoid trading during the spike times between 3-5 AM
6. Alternatives: Always prepare 2 trading plans
7. Review: Record 3 trading lessons every day
8. Discipline: Force yourself to take a 2-hour break after a loss
3. Three Principles of Survival (Violation Means Certain Death!)
Never chase after rising prices or sell in a panic: When BTC surges by 10%, while others are celebrating, you should reduce your position
Entry points are more important than anything: Better to miss 10 opportunities than to miss 1 good buy
Mental training methods:
Withdraw 50% after consecutive profits
Delete trading software for 3 days after a liquidation
Recite daily: As long as I'm alive, I can output
Do you understand now? There are no myths of getting rich quickly in the crypto world; there is only a trading system earned through blood and tears. Remember: 1000U is not scary, what’s scary is making 1000 mistakes using the wrong methods!
Follow Brother Jie, and you’ll eat nine meals a day! You can choose how much to earn, but I only give you one chance. If you want to get on board, hurry up, don’t wait until others have made their profits and then regret it!
The market waits for no one; hesitation is missing out!
