The fluctuations in cryptocurrency are more addictive than drugs! I have been trading cryptocurrencies for ten years, and now my net worth is 40 million, of which about 30 million came from 'trading cryptocurrencies'! In the first half of 2024, I made about 9 million, increasing my capital by 50 times. If I hadn't withdrawn funds twice to buy a house, it could have reached 85 times. Now I withdraw 100,000 yuan from the crypto market each month, feeling no pressure, living a leisurely life, free from deceit and scheming, living the life I want.
My secret to making money: leverage trading for amplified returns
The key to my success in the cryptocurrency market can be summed up in one sentence: leverage contract trading for amplified returns! But don't rush into it; if you want to try, first convert 2,000 yuan into 300U (approximately 300U), and let's take it step by step.
Step 1: Start with a small capital and grow it (300U - 1100U)
Every time I take out 100U to trade, I specifically choose recently popular coins. Remember two things:
Run away once you double your earnings, for example, turning 100U into 200U, and immediately take your profits.
Cut losses at 50U. If luck is on your side, winning three times in a row can roll you up to 800U (100 - 200 - 400 - 800). But be sure to take profit; play a maximum of three rounds and stop when you reach around 1100U. Luck plays a significant role at this stage, so don't be greedy!
Step 2: Once you have more money, use a combination strategy (starting from 1100U)
Once your capital reaches 1100U, divide it into three parts and use different strategies for each:
Quick in and out (100U): Focus on short-term trading that lasts 15 minutes, choosing relatively stable coins like Bitcoin and Ethereum. For example, if you see Bitcoin suddenly rallying in the afternoon, jump in immediately, earning 3% - 5% before running away, like a street vendor, making small profits through high sales.
Buddhist-style regular investment (15U per week): Set aside 15U weekly to buy Bitcoin contracts. Assuming Bitcoin's current price is 50,000 dollars, and you believe it can rise to 100,000 dollars in the long term. Treat it like a piggy bank; even if the price drops, don't panic. Wait for half a year to a year; it's suitable for those who don't have time to monitor the market.
Main event trend trading (put all remaining capital): When you see a major trend, go all out! For example, if you discover the Federal Reserve is about to cut interest rates, Bitcoin could skyrocket; open a long position immediately. But you must think ahead: how much to earn before you exit, like doubling; how much to lose before you accept defeat, maximum 20%. This tactic requires news analysis and technical analysis skills; beginners should not act recklessly!
Important reminder regarding the safety of your principal
Never bet more than 1/10 of your principal; absolutely do not go all in!
You must set a stop-loss for every trade!
Play a maximum of 3 trades a day; if you're feeling restless, play a game instead.
Withdraw once you reach your target; don't think about 'making another wave'!
Remember: those who succeed with this method are tough, being harsh on others and even harsher on themselves.
If you are currently losing, how to turn losses into profits
If you are currently in a losing position in contracts and want to turn the loss into profit, be sure to carefully consider the following points.
Learn to take profits and cut losses
The market changes rapidly; taking profits and cutting losses is crucial. Taking profits controls your greed. A cryptocurrency will not rise indefinitely, nor will it fall continuously; there are cycles. Therefore, taking profits is critical; don't always worry about closing positions too early and missing out on later profits. Remember, the money in the cryptocurrency market is never-ending, but the money in your account can run out.
Cutting losses means giving up sunk costs, which is also very difficult to do. Don't always think that if you hold on, the market will reverse in the next second. If you're wrong, you're wrong, and you must acknowledge it, standing firm in the face of adversity. Although it's painful to make sacrifices, it can truly protect your principal.
Do not open both long and short positions simultaneously
This is a big taboo; do not always think about making profits from both sides. Wake up, not many people can do that. You should be content with capturing profits from one side. Additionally, opening both long and short positions incurs fees, which can be painful, especially with high leverage. You lose 1 - 2 points of profit when you open a position; you must ensure that this trade can be profitable, otherwise, it is meaningless, and all your earnings go to the trading platform as fees!
Learn to stay in cash
When you can't understand the market, do not blindly open positions. At this point, you might say that missing out on a trend is painful. So I want to ask you: is missing out painful, or is losing painful? Not understanding the market and blindly opening positions is no different from gambling! Trading cryptocurrencies is essentially about leveraging probability; no one can accurately predict whether the price will rise or fall, as the market changes too quickly. We can only judge the high probability of whether it will rise or fall.
Step by step
Don't always think you can become rich overnight; patience is needed. The cryptocurrency market is not a place where you can become wealthy instantly. For example, if you use 100 as your principal, go long with 10x leverage, your position is 1,000. If it rises by one point, you earn 10 yuan, by two points, you earn 20 yuan, enough for breakfast. Now, working in a factory pays 15 yuan an hour; making three or four trades a day with a win rate of 60% - 70% is much more comfortable than working in a factory.
Do not go all in with heavy positions
Absolutely do not go all in with heavy positions; if something unexpected happens, everything could be lost. For example, if the market is expected to rise but suddenly a major news event occurs, causing the market to plummet, and you haven't set a stop-loss, then it's game over! Therefore, do not rush; always trade with light positions and prioritize stability. The cryptocurrency market is not lacking in trends or opportunities; it will exist for at least the next 10 to 20 years. So, don't be deceived by temporary illusions!
Be sure to align knowledge with action
This is indeed quite difficult; even I sometimes cannot fully achieve it. Human weaknesses are hard to grasp. When I first started, I didn't even understand the most basic issues, trading blindly without a plan. After being in the industry for a while, you will realize that the cryptocurrency world can truly change your destiny, but the premise is that you must have an extraordinary mindset, the courage to take risks, the decisiveness to cut losses in time, and the determination to survive against the odds! Otherwise, you will never become part of that 1% destined for greatness!
Trading cryptocurrencies is about repeatedly doing simple things. Persistently using one method for a long time can lead to mastery. Trading can be like any other industry; practice makes perfect, and decisions can be made effortlessly.
Follow me @加密大师兄888 to stay updated on trends and get rich together! Bulls and bears coexist.
