I was fortunate to meet an elder who started with ten thousand yuan and became worth over a hundred million. He once told me what it feels like to have a breakthrough in trading cryptocurrency, and now I have also grasped that feeling. The greatest benefactor in life is not picking up money or winning the lottery, but encountering someone who breaks your original thinking, elevates your mindset, and can lead you to a better stage. Life is the same; cognition determines wealth, and underlying logic determines the superstructure!
Before enlightenment, it seems as hard as climbing to the sky; after enlightenment, it becomes as easy as turning your hand. Many stock market experts find trading cryptocurrency simple after enlightenment, while many retail investors believe that those who make money in cryptocurrency have done so through countless hours of learning and many losses.
Although I can't claim to be a top trader, I have maintained stable profits for 10 years. I still wish to share my trading mindset:
Fourth-rate experts rely on technology.
Third-rate experts rely on capital management.
Second-rate experts rely on concepts.
First-rate experts rely on psychology; super experts rely on quality.
Ten similarities between buying cryptocurrencies and marrying a wife.
1. When marrying, you must choose someone who satisfies you, not just randomly pick someone on the street! (Selecting coins requires self-evaluation; choose the best.)
2. You must carefully check your future wife's background, including her family's (the coin's backend responsible person)!
3. You definitely won't marry a woman you don't want to spend your life with! (Don't buy coins that you don't want to hold for 3-5 years.)
4. After marrying, you need to spend time with her; whether you can have a healthy child depends on your genes! (How well you do reflects your ability to choose coins.)
5. If your wife is ignoring you, you should know why! (During a downturn, find the fundamental reason, strengthen your confidence in holding coins, and don’t forget your original intention. If she truly changes her heart, then there's nothing to be done; you can only cut losses.)
6. Don't engage in one-night stands; even if you encounter a problem once in ten times, you are doomed! (Don't have a blind gambling mentality in short-term trading.)
7. Don't always think about finding a younger wife; in reality, one tigress is enough to keep you busy! (Don’t get distracted by temptations outside.)
8. During holidays, make sure to visit your father-in-law's house (learn more about the internal situation of the coin and grasp first-hand information).
9. After having children, you must educate him together with your wife. Don’t throw all the tasks to the teachers and the school! (Dilute costs, do high sell-low buy with the trend, reduce costs, and combine fundamentals with trends.)
10. If both partners can raise the child well and earn money to support their parents, you can retire! (As time goes on, profits will increase, and you can confidently hold onto your coins without moving them, gradually taking profits in batches.)
Trading cryptocurrencies simplifies complexity; do complex things simply and take simple things seriously. The great way is simple, leading you closer to success!
After 10 years of trading cryptocurrency, I have gone from having nothing to making a living from it, summarizing '15 iron rules of trading cryptocurrency.' Each word is precious, worth its weight in gold, and I suggest you keep it!
The survival rule in the cryptocurrency world — those who can survive are the kings!
These rules may seem simple, but they are not easy to execute. Only those who can truly implement them will become the ultimate winners!
The above '15 iron rules of trading cryptocurrency' are earned through my years of trading with real money. Each one is the essence, and I genuinely believe they are useful, so I share them with everyone, hoping you can absorb them well with your operations and help you in the cryptocurrency world, avoiding years of detours!
Over the past seven or eight years, my assets have increased by 30 million. Along the way, I have gone through trials and accumulated many valuable experiences. Here I share some key insights, hoping to inspire everyone.
1. Capital management is the key to success.
Divide the funds equally into five parts, using only one-fifth at a time, and set strict stop losses. Each trade loss should not exceed 10%, and the total capital loss should be controlled within 2%. Even if you make five consecutive mistakes, the total loss will only be 10%, but if you seize one opportunity, the profit can easily make up for the losses.
2. Follow the trend; do not go against it.
When the market is falling, do not blindly try to catch the bottom, as it could be a trap to lure in buyers; wait patiently for clear signals.
When the market rises, don't rush to sell; it might just be a 'golden pit.' Buying low is more reliable than catching the bottom.
3. Stay away from coins that have surged in the short term.
Whether it's mainstream coins or altcoins, very few can sustain explosive growth. Most coins will enter a stagnation or pullback phase after a surge. Don't harbor a lucky mentality by betting on high-level explosive events with low probability.
4. Reasonably utilize technical indicators.
The MACD indicator is very practical: when the DIF line and DEA line form a golden cross below the zero axis and break through the zero axis, consider buying; conversely, when a dead cross forms above the zero axis and declines, consider reducing your position.
Averaging down requires strategy: do not average down when in loss; only add to your position when in profit, or else it can lead to greater losses.
5. Trading volume is the core of the market.
Pay close attention to the situation of low-volume breakouts; this is an important signal for market initiation. Only trade coins that are in an uptrend, closely observe the 3-day, 1-hour, 4-hour, and 8-hour moving averages. When these moving averages turn upwards, it usually indicates that the uptrend has been established.
6. Do a good job of review and strategy adjustment.
Every time a trade is completed, a review must be conducted, re-organizing the logic of holding positions, and flexibly adjusting subsequent operational strategies in conjunction with weekly candlestick trends.
Investing is a complex discipline, a comprehensive game of techniques, skills, mindset, and human nature. In this process, those with strong risk awareness, good risk management, and effective risk control measures will be the final winners.
1. Having no time limit on funds is a prerequisite for investing.
Funds must be absolutely free and have no deadlines. Having one's own capital, free from interest pressure, is a prerequisite for investing.
2. Use market traps to win.
When you want to go long, a short trap is your best opportunity.
When you want to short, the long trap is your paradise.
3. Safety is fundamental to surviving in this market for a long time.
Avoid overtrading: (avoid frequent trading and ensuring that a single trade does not use excessive margin).
4. The market is the best place to cultivate yourself; human greed, fear, and foolishness are being portrayed in the capital market at every moment. Cultivating oneself in this large dye vat is the greatest benefit of the market.
To overcome the market is essentially to conquer your own greed, fear, and foolishness.
5. Not every trade will be profitable.
Every trade carries the risk of loss. Don't daydream; focus on making money, and never let down your guard regarding capital management.
6. Trading psychology is crucial. Stay emotionally stable when making profits and losses.
7. Successful traders' mindset:
Don't care about money; accept the risks in trading and investing, equally accept trades that make and lose money, enjoy the process, and never feel deceived by the market. Always seek to improve your skills, as your skills improve, so do your account profits.
Keep an open mind, treat various viewpoints equally, stay calm, summarize each trade, there is no need to conquer or control the market. Have confidence and self-control, only bear risks you can afford, trade with your own funds, be responsible for all trading results, and maintain calmness during trading, being able to face reality, regardless of market direction, trading with the trend.
Can you turn 2000 yuan into 30 million by trading cryptocurrency? Let me tell you something practical!
The core message is: leverage contract trading to amplify profits! But don't rush in; first, turn that 2000 yuan into 300 USDT (approximately 300 dollars). We'll take it step by step.
First step: Roll a small amount into a snowball (300 USDT → 1100 USDT).
Each time take out 100 USDT to play, specifically choosing the most popular coins recently. Remember two things: ① Run when you double your profit (for example, if 100 turns into 200, stop immediately) ② Cut losses when it reaches 50 USDT. With good luck, you can roll it up to 800 USDT (100→200→400→800). But know when to take profits! Play a maximum of three rounds and stop once you reach around 1100 USDT; at this stage, luck plays a significant role, so don’t be greedy!
Second step: When you have more money, start combining punches (starting from 1100 USDT).
At this time, divide your funds into three parts to play different tricks.
1. Quick in and out type (100 USDT).
Only play with 15-minute fluctuations, focus on stable coins like Bitcoin/Ethereum. For example, if you see Bitcoin suddenly surge in the afternoon, follow the trend, earn 3%-5%, and then exit, just like street vendors, thin profits with high volume.
2. Passive investment type (15 USDT weekly).
Every week, spend 15 USDT to buy Bitcoin contracts (for example, if it’s now 50,000 dollars, and you think it can rise to 100,000 in the long term). Treat it like a piggy bank; don’t panic if it drops; wait for half a year or a year, suitable for those who don’t have time to monitor the market.
3. The main event is trend trading (put the rest in).
Make a decisive move when you see a big market trend! For example, if you discover that the Federal Reserve is going to cut interest rates, Bitcoin may soar, so open a long position. But you must think ahead: how much to earn before you exit (e.g., double), and how much you will accept as a loss (maximum 20%). This tactic requires you to read the news and understand technical analysis; beginners should not act recklessly!
Important reminder:
① Never risk more than 1/10 of your capital in a single trade; don’t go all in!
② Every trade must have a stop loss!
③ Play a maximum of 3 trades a day; if you're feeling restless, go play a game.
④ Withdraw profits when you reach your target; don't think about 'earning another wave'!
Remember: those who turn their fortunes around using this method are ruthless — ruthless to others, and even more ruthless to themselves!
How to liquidate when trapped during trading?
Liquidation, as a cryptocurrency term, refers to the price of the coin rising back to the purchase price nearby to sell the coin and recover funds. Learning to set traps is the first step in hunting; learning to liquidate is the true understanding of trading cryptocurrency.
Next, I will introduce liquidation methods, which are generally divided into two types.
1. Active liquidation strategy.
1. Cut losses.
If you find that your purchase was a serious mistake, especially buying at the peak during a previous surge, you must have the determination to cut losses decisively to ensure the safety of your capital. There are many opportunities in the coin market; as long as your capital does not suffer a major loss, you can always earn it back.
2. Change coins.
When your coins are trapped and in a weak position, and there is still room for further decline, if you accurately judge that another coin has a larger upward potential and a stronger trend, you can decisively swap to a new coin to offset the losses from the old coin.
3. Short selling.
When it's determined that you are deeply trapped and cannot cut losses, and there is further downward space for the market or a particular coin, you can consider short selling, first selling the trapped coin and waiting to buy back at a lower price, effectively reducing costs.
2. Passive liquidation strategy.
1. Average down.
When the purchase price is not high or when you are optimistic about the future market, you can use the averaging technique. However, ordinary investors can usually only withstand one or two average downs, so the timing of averaging down is crucial.
2. Lie flat.
When deeply trapped with all funds and unable to cut losses or average down, the only option is to wait passively. As long as it’s your own money, not borrowed funds, you can patiently wait. Do not act emotionally and recklessly, blindly average down, or easily cut losses.
Summary of practical experience: the 'secret weapons' of trading strategies.
After years of struggling in the cryptocurrency world, I have accumulated some practical trading strategies. The following mnemonics are the crystallization of my personal practical experience.
Entry Section.
Testing the waters in the cryptocurrency world; prepare to proceed cautiously.
Consolidation Section.
When the price is low and consolidating, it's the right time to buy heavily; when the price is high and consolidating again, decisively sell without hesitation.
Volatility Section.
Sell when it peaks, and buy quickly when it drops; watch and wait during consolidation to reduce trading.
Consolidation means using horizontal movement instead of decline; hold onto your assets, as the rise may come at any moment; during a rapid surge, be wary of a significant drop, and always be ready to secure your profits; a slow decline is a good time to gradually average down.
Timing of buying and selling.
Don't sell during peaks; don't buy during drops; during consolidation, don't trade.
Buy on down days and sell on up days; reverse operations to stand out.
Buy when the market drops in the morning, sell when it rises significantly in the morning; don't chase highs in the afternoon when the market rises, and buy the next day after a significant drop in the afternoon. Don't cut losses when the market doesn't rise or fall and take a break; average down to seek to break even; excessive greed is not acceptable.
Risk Awareness Section.
High waves arise on a calm lake; there may be big waves to follow. A significant rise must correct; candlesticks show a triangular pattern over several days.
In an uptrend, look for support; in a downtrend, look for resistance.
Being fully invested is a big taboo; being obstinate is not feasible. Know when to stop when faced with uncertainty, and grasp the timing for entry and exit.
Trading cryptocurrency is essentially about trading mindset; greed and fear are the greatest enemies. Be cautious when chasing highs and cutting losses, maintaining a calm and peaceful mind.
In addition to the mnemonics, I have organized several super practical trading methods that can benefit both newcomers and seasoned players.
Volatility trading method.
Most markets are in a volatile pattern, using high selling and low buying in the box is the foundation for stable profits. Utilize BOLL indicators and box theory to find resistance and support combining technical indicators and patterns. Follow short-term trading principles, and beware of greed.
Breakout trading method.
After a long period of consolidation, the market will choose a direction. Entering after a breakout can lead to quick profits. However, one must possess accurate judgment ability for breakouts, maintain a steady mindset, and not be greedy or fearful.
One-sided trend trading method.
When the market breaks out of the range, it will form a one-sided trend. Following the trend for trading is key to profit. Enter during pullbacks or rebounds, referencing candlesticks, moving averages, BOLL, trend lines, and other indicators. Mastering these will allow you to navigate smoothly.
Resistance and support trading method.
When the market encounters key resistance and support levels, it often faces resistance or receives support. Entering at this time is a common strategy. Use trend lines, moving averages, Bollinger Bands, parabolic indicators, etc., to accurately assess resistance and support levels.
Pullback and rebound trading method.
After significant price fluctuations, a brief pullback or rebound will occur, allowing you to seize the opportunity for easy profit. The main basis is the judgment of candlestick patterns, and good market intuition can help you accurately grasp the highs and lows.
Time period trading methods.
Morning and afternoon trading periods have small fluctuations, suitable for conservative investors; although the time to profit is long, the market is easier to grasp. Evening and midnight trading periods have large fluctuations, suitable for aggressive investors, who can profit quickly but face higher difficulty, requiring strict technical and judgment skills.
I hope these experiences and insights can help you. Remember, in the cryptocurrency world, the most important thing is to maintain a calm mindset and rigorous operational discipline. May you achieve success in your future investments.
Trading cryptocurrencies is akin to life; when you comprehend life, you also understand the cryptocurrency world. The great way is simple, and only through unity of knowledge and action can you navigate smoothly and stand undefeated!
Keep watching me; I believe you will avoid many detours! I am a deputy; I only share the most practical and actionable insights.
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