There is a very foolish way to trade cryptocurrencies that almost guarantees 100% profit. I made over 10 million using this method.
Eight years ago, I gave up a high-paying job in the eyes of friends and family to trade cryptocurrencies full-time, only because I had a sudden insight into the secrets of this market!
Now, I will reveal the distilled methods for trading cryptocurrencies, each one built with real money.
My cryptocurrency trading strategy consists of only 7 steps, which are very simple but yield amazing results.
1. Focus only on mainstream coins
1. Never touch those messy altcoins, just focus on Bitcoin (BTC) and Ethereum (ETH) #BTC #ETH
2. Those small coins are like playing the lottery; nine out of ten people lose.
2. When to short
1. Look at the yellow line (MA60) on the 4-hour chart; if the price is consistently pressed down by it, that's an opportunity.
2. Sell in three phases: for example, if it rises to 2400, sell a bit first, then sell more as it rises.
3. Set a strict stop-loss: if it jumps to 2450 and then falls back, set a stop-loss at 2455; losing this little is nothing #美股代币化 .
3. When to long
1. Look at the daily chart at previous support levels where the price stalled.
2. Also buy in three phases: for example, at the 2300 support level, buy a bit first, then buy more if it dips.
3. Set the stop-loss correctly: if it falls to 2280 and then rebounds, set a stop-loss at 2275 #大而美法案 .
4. Managing funds is the most important
1. Never lose more than 20% in a day; if you do, turn off the computer and go to sleep.
2. Never risk more than 5% of total funds at once.
3. Don’t trade after 2 AM, and try to rest on weekends.
5. How to chase a big rise
1. Only chase the three coins that rise the most that day.
2. Earn three for every one you lose: if you risk 100, run away when you make 300.
3. Once you make money, move the stop-loss up; for example, if you make 200, adjust the stop-loss to break even #Strategy增持比特币 .
6. What to do in a crash
1. Keep 30% cash uninvested, waiting to pick up bargains.
2. Wait for a drop of over 8% before taking action.
3. Buy in three stages, with each purchase 3% lower than the last.
7. When to stop
1. Lock in profits as soon as Ethereum gains 20 points and Bitcoin gains 350 points.
2. If you earn a lot, use a 5-minute line to protect profits; for example, after gaining 500 points, withdraw every time it retraces by 50 points.
3. If you earn 15% in a day, call it a day; don’t be greedy!
Remember, this market is specially designed to punish all sorts of disobedience; only by following the rules can you survive long!