I have been trading cryptocurrencies for five or six years, starting with 200,000. Now I support my family with this, mainly because I have put into practice and repeatedly used many useful things I have learned, mastering them in my own hands. This process is indeed very difficult. For the sake of life and family, today I am sharing some knowledge:
1. Divide your funds into 5 parts, and only invest one-fifth each time! Control a stop-loss of 10 points. If you make one mistake, you only lose 2% of your total funds. If you make 5 mistakes, you will lose 10% of your total funds. If you're right, set a take-profit of over 10 points. Do you think you will still be stuck?
2. How can we further improve the win rate? Simply put, it's about going with the trend! In a downward trend, every rebound is a trap to attract buyers, while in an upward trend, every drop creates a golden opportunity. Do you think buying the dip is easier to make money, or is it easier to profit from low buying?
3. Avoid touching cryptocurrencies that have rapidly surged in the short term, whether mainstream or altcoins. Very few coins can make several waves of main upward trends. The logic is that after a short-term surge, it is relatively difficult to continue rising. When it stagnates at a high level and fails to rise later, it will naturally fall. This is a simple principle, yet many still want to gamble.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA form a golden cross below the zero axis and then break above the zero axis, it's a solid entry signal. When MACD forms a death cross above the zero axis and starts to decline, it can be seen as a signal to reduce positions.
5. I don't know who invented the term 'averaging down,' but it has caused many retail investors to stumble and suffer huge losses! Many people keep buying more as they lose, and the more they buy, the more they lose. This is the biggest taboo in trading cryptocurrencies, putting oneself in a dead end. Remember to never average down when in a loss, but to increase your position when in profit.
6. The volume-price indicator is crucial; trading volume is the soul of the cryptocurrency market. Pay attention to volume breakthroughs at low price levels during consolidation, and decisively exit when there is a volume stagnation at high price levels.
7. Only trade coins that are in an upward trend, as this maximizes chances of success and saves time. When the 3-day moving average turns upward, it indicates a short-term rise; when the 30-day moving average turns upward, it indicates a medium-term rise; when the 84-day moving average turns upward, it indicates a main upward trend; and when the 120-day moving average turns upward, it indicates a long-term rise!
8. Persist in reviewing each session, checking whether the holdings have changed, and technically analyzing whether the weekly K-line trend aligns with your judgment.

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