Within a year, using 10,000 to earn 10 million through cryptocurrency trading, there is only one method to achieve this: rolling positions and accumulating large altcoins!
Current recommendations for position management:
1. For example, if you take out 30,000 USDT to trade contracts, my advice is to divide it into three parts, with each part being 10,000 USDT.
2. Use one part of your total for each opening, a fixed 10,000 USDT, with Bitcoin not exceeding 10 times leverage and altcoins not exceeding 5 times.
3. If you lose money, for example, 1,000 USDT, you should add 1,000 USDT from outside. If you earn 1,000 USDT, you should withdraw that amount.
4. Ensure that every time you open a position during this recent period, you can guarantee a fixed position of 10,000 USDT.
5. Until you have earned 60,000 USDT with 30,000 USDT using this method, increase each of your positions to 20,000 USDT.
The benefit is: First, diversify your investments and use low leverage to avoid losses caused by exchange spikes.
Second, avoid getting caught up in these issues. On a certain day, if you get emotionally involved and lose everything, the most you should lose is 1/3, leaving you with some buffer.
Third, maintain a fixed position; whether you are in a loss or a profit, you can keep a relatively calm mindset, which can help stabilize your emotions.
The secret skills have been given to you; whether you can become famous in the world depends on yourself.
The five laws of trading in the cryptocurrency market, I suggest you keep them for reference.
A rapid rise and slow decline indicate accumulation.
A rapid rise followed by a slow decline indicates that the market maker is accumulating chips, preparing for the next round of increase.
A rapid decline and slow rise indicate distribution is taking place.
A rapid decline followed by a slow rise indicates that the market maker is gradually selling off, and the market is about to enter a downtrend.
Do not sell at the top with high volume; if there is no volume at the top, run quickly.
High trading volume at the top may continue to rise; however, if the trading volume at the top declines, it indicates insufficient upward momentum, and you should exit as soon as possible.
Don’t buy at the bottom with increased volume; you can buy with sustained volume.
A surge in volume at the bottom may indicate a continuation of the downtrend, which requires observation; sustained volume suggests that funds are continuously entering, and buying can be considered.
Trading cryptocurrencies is about trading emotions, and consensus is reflected in trading volume.
Market sentiment determines coin price fluctuations, and trading volume reflects market consensus and investor behavior.
Don't be single-minded in trading cryptocurrencies; 99% of people have made these mistakes. Changing these bad habits will allow you to make consistent profits! Read carefully! It will help you avoid detours!
1. When you encounter a good coin but clearly have no buying point, you desperately want to buy in, fearing it will take off, even chasing high prices to enter. At this moment, your focus is solely on it. This is obsession!
2. When doing value investing, you only focus on the price. When the price rises, it's great and meets expectations, but if the coin price falls, you selectively ignore that the price is at the end of a major cycle's upward momentum exhaustion and has already realized its valuation, desperately searching for various fundamental positives to support your viewpoint. This is obsession.
3. When your trade is stuck, you suddenly become a very determined bull and cannot tolerate anyone being bearish. You are controlled by emotions and have lost your ability for rational judgment, only wanting to hear bullish analyses. This is obsession.
4. You clearly judged wrongly and could have cut losses and exited here, but you keep staring at your account because you only allow yourself to exit with profits, not losses. As a result, your losses keep increasing, and what was short-term becomes long-term. This is obsession.
5. If a coin has hurt you before, you will dislike it for a lifetime. No matter how good the opportunity is, you won't be willing to buy it again. This is obsession.
6. When you have sold a coin short-term and, according to your judgment, it still has significant upside potential, even if you chase it now, you would only raise your cost by two points. Yet, you absolutely refuse to chase. This is obsession.
7. Every day you want to buy coins, even if there is no buying point, you still want to buy, buy randomly, and use up the last penny in your account. This is obsession.
8. Lack of patience, unable to hold onto coins, and cannot bear to see short-term inactivity. This is obsession.
9. When you have been using a certain strategy for a long time and have lost for a long time, yet you refuse to change your mindset. This is obsession.
11. When you've made an 18% profit, there is actually a signal of exhaustion in the short-term rise, but you insist on waiting for a 20% profit to take your gains. This is obsession.
12. If you are 10% down on a position but can't understand the structural trend, you are unwilling to cut losses and keep averaging down, insisting on making a profit on this trade, resulting in being heavily positioned and unable to recover. This is obsession.
13. When you achieve success due to survivor bias from a single instance, you will stubbornly believe this method works, but subsequent practices repeatedly prove you wrong, yet you refuse to admit it and persist in your ways. This is obsession.
14. When a transaction deviates from your expectations, you will regret and dwell on it for a long time. This is obsession!
Finally, there is a risk of frozen accounts when entering and exiting funds in the cryptocurrency market, especially with withdrawals, which can easily involve dirty money. You must be aware of this risk and should not be greedy for high prices.
Strike precisely, and your returns will double! Follow Biao Ge, and wealth will come easily.
