After a decade of ups and downs in the crypto world, I started with the 68,000 I saved from my initial job. Today, my wealth has accumulated to over 40 million. I focus on spot trading and keep a respectful distance from contracts. Although I haven't achieved billionaire status starting from ten thousand like some legends, I feel deeply satisfied, moving steadily forward, quietly hoping my account can surpass 100 million by the end of the year, paving the way for more capital next year.
On the journey in the crypto world, maintaining a calm mindset is crucial. In the face of violent market fluctuations, I don't let anxiety sway my emotions during big drops, nor do I get lost in short-lived euphoria during big rises, knowing that locking in profits is safety. Looking back, when I first entered the crypto world, I often couldn't sleep due to worries, waking up in the middle of the night was also common. Now, I have learned to take it lightly.
Ultimately, the way to make money involves essential skills, but what's even rarer is sticking to a set of principles in one's heart. Just based on this belief, I can surpass many peers, eliminating at least 70% of them!
The most important thing in trading is to choose trend trading; in technical analysis, there is a survey conclusion.
Among 10 traders, the two who consistently make profits are trend traders.
So, do general things; when trading, be sure to choose trend trading. Combined with the trading system mentioned earlier, it can definitely achieve stable profits.
It's been explained very plainly here, intuitively framing trading norms for novices. Even if you are a novice and still can't profit following this, it’s better not to play.
Next, I will share the core strategies of trend trading. This part is essential; I can’t explain it in too much detail, so I'll leave some essentials.
The framework of trend trading is as follows:
1. What is a trend, and how to judge a trend?
Everyone has different standards for judging trends.
Here I will briefly mention my approach.
For example, a breakthrough of the moving average M60 is considered the beginning of a trend.
For example, as defined by trend standards, a high point exceeds a previous high while a low point also exceeds the last low.
2. Ways to enter trend trading.
There are two common ways to enter trend trading:
One way to enter is at support levels, which means entering at pullback positions. The key question is how to determine if this position is a pullback turning point, commonly using trend line support levels, trend line support levels, and Fibonacci retracement levels.
Another way to enter is through breakouts; the most common is breaking previous highs, and a higher win rate can be achieved through breakouts after long periods of consolidation.
Level up, think more about high-probability support and breakout points.
Why is it difficult for 90% of investors to make a profit?
The core issue is making irrational decisions frequently at wrong times! Whenever the market pulls back, many investors panic-sell like startled birds. If asked why they are selling, the answer is often shocking: 'Everyone is selling, and if I don't sell, I'll lose big!' Such blind following deviates from the essence of investing; it is merely a war of wealth consumption under collective irrationality.
Global economic fluctuations seem complex and unpredictable, but they actually align with the underlying logic of capital operation. Whether it is geopolitical conflicts, periodic economic crises, or sudden market panics, history is always remarkably similar and continues to play out familiar plots:
The operating cycle of large institutions.
Step 1: Create panic - institutions concentrated selling triggers severe market fluctuations.
Step 2: Retail investors stop-loss - investors panic and sell at low points due to fear.
Step 3: Accumulate at low positions - institutions calmly take over, completing low-price collection of chips.
The cruel truth of the market is:
Professional investors often make decisive moves during crashes.
Ordinary investors always chase highs and sell lows.
Ultimately leading to wealth flowing from the majority to the minority.
True investment wisdom should be:
The market crash is a touchstone for testing quality assets.
Collective panic moments often hide excellent entry opportunities.
Most profits are often concentrated in a few key holding phases.
Please remember:
In the capital market.
Short-term price fluctuations are driven violently by emotions.
Long-term value return is determined by the fundamentals of the company.
The rule for the poor's comeback: either turn your life around or accept your fate.
"If you don't have money, don't play in the crypto world? What a load of crap! I entered with 5000 bucks and rolled out a down payment in three years!"
Those who tell you 'don't touch cryptocurrencies without 100,000' deserve to be vegetables for life. The crypto world is the last chance for ordinary people, and today's 'beggar version of the wealth strategy' is specifically designed to cure poverty!
First move: Airdrop freebie technique - zero-cost robbery of Wall Street.
Do you think airdrops are free money? 99% of people can't even pick up trash! But last year, I made 30,000 dollars with my 'matrix bombing method' at a cost of 500 bucks!
Airdrop golden rule.
Only engage with new projects in the top 50 by market cap (low-quality coins waste time; better to sleep).
Operate with 5 wallets simultaneously (500 bucks cost, diversify risks).
Work from 3-5 AM (Gas fees are cheap as if given for free).
The first 30 days after the mainnet launch is a golden period (projects are the most generous with money).
Second move: Contract survival technique - either eat meat or eat dirt.
100x leverage is meant for martyrs! The poor playing contracts must prioritize surviving over becoming rich!
My contract iron law.
With a 2000 capital, split into 5 trades, only focus on BTC/ETH key level breakthroughs.
5x leverage (blowing up won't hurt much).
Cut losses at 3% (learned a lesson for 60 bucks).
Take profits at 5% (30% average monthly profit is delightful).
Buddhist faction: hoard 3000 bucks in coins at three times, automatic stop-loss if it breaks support.
Gambler's package: leave 500 bucks to buy a lottery ticket.
Go to zero? Just consider it a contribution to the exchange! But what if it turns into a hundredfold coin? (laughs)
Blood and tears lessons.
Don't touch counterfeit coin contracts (poor liquidity, guaranteed loss).
Don't hold onto positions (90% of liquidations are due to 'wait a bit longer').
Don't play when the Federal Reserve is making announcements (volatility is too high, easy to die suddenly).
My three principles for low-quality coins.
Don't touch coins without audits (99% are exit scams).
Don't touch Telegram groups with no real people (all projects are robots = scams).
Don't touch coins with a market cap over 100 million (small growth potential).
The ultimate mindset for the poor to turn their fortunes around.
Seize opportunities that others don't understand (airdrops, low-quality coins, early projects).
Use strategies that others dare not use (low leverage contracts, diversified investments).
Retreat when others are greedy (take out the principal when doubled, let profits continue to roll).
Remember: In the crypto world, it doesn't matter how much capital you have; it only matters how clear-headed you are. Either enter with a strategy or exit with dignity - at least the casino gives you free drinks, but in the crypto world, even tears are expensive.
Today's sharing is for those still losing in the crypto world and newcomers to the market, hoping to help you at least avoid ten years of detours; I hope you keep this well. In the crypto world, full of opportunities and risks, if you want to walk steadily on the investment road and achieve ideal results, you need to deeply understand various investment strategies and techniques.
1: When preparing to enter the crypto world for investment, first make adequate preparations. It is better to enter with a small amount initially than to blindly rush in. Be cautious, fully assess risks and your own capacity to bear them.
2: When the coin price is in a low horizontal state, and then creates a new low, this is an excellent time to buy heavily. At this time, the market may have bottomed out, and a significant rebound is expected.
3: When the coin price rises, one should sell their chips in time; when the price crashes, one should decisively enter. During sideways phases, try to avoid trading as the direction is unclear, and the risks are high.
4: If the coin price remains in a horizontal state, it often means it may replace a downturn with a sideways move. At this time, hold onto your coins tightly, as a rally could happen at any moment.
5: When the coin price experiences a rapid surge, always be ready to sell because this kind of quick rise often comes with a potential crash.
6: When the price is slowly declining, it is a good time to gradually accumulate more to lower the average cost.
7: In the face of high-low consolidation, first maintain patience and wait; this is one of the secrets of trading. Don't rush to act to avoid unnecessary losses.
8: When the coin price is in a high horizontal state and then spikes, seize this opportunity to sell quickly, locking in profits. Conversely, when the price is in a low horizontal state and creates a new low, one should buy heavily; this is a rare good opportunity.
9: If the coin price isn't rising, don’t sell; if the price isn't crashing, don’t buy. Avoid trading during sideways periods. Following these principles can prevent many unnecessary risks.
10: Choose to buy when the price is on a down candle, and not on an up candle; sell when the price is on an up candle, and not on a down candle. Acting against the market's conventional thinking makes one a true investment hero. If the price spikes in the morning, one should sell; if it spikes in the afternoon, don’t blindly chase; if it drops in the afternoon, consider buying the next day; if it drops in the morning, don’t rush to sell. In crypto investment, maintaining calmness and rationality, following these principles and strategies, helps to better cope with market changes and achieve investment goals.
The above 10 iron laws are also conclusions drawn from my personal experience, hoping to help those still losing in the crypto world and new investors.
