I always say that mastering a skill is a 10,000-hour law, 8 hours a day, more than 200 days of retrospective analysis a year, almost 5 years, this is just the beginning
The basis of stable profit. There will be a big pit within 10 years, so to be safe, do not put your principal beyond your ability within 10 years.
Many experts who have traded from tens of thousands to tens of millions or even hundreds of millions just used contracts with large multiples, and many of them died completely in a bear market, but you just don’t know it. Human nature, in the face of big trends, often makes people lose the ability to make correct judgments.
Back to the topic, next I will share all my dry goods skills with you here!
Directly explaining cryptocurrency trading secrets (collect this)
Six don't start, four don't let go:
Six don't start:
1. Let's not touch coins that have been falling and the 60-day line hasn't stabilized yet. Follow the trend, and wait for coins that have been falling to see when they turn around.
2. Don't buy coins that have good news after they have risen. The arrival of good news is often a sell signal. The main force may want to close the net after the coin has already risen.
3. If a coin rises too sharply and is far away from the 5-day moving average, don't chase it. Coins that rise too quickly are also risky. Chasing highs can easily get you trapped.
4. Don't take risks on coins that suddenly jump high at high levels. The risk of a gap up at a high level is not small, and it may be the main force quietly shipping goods.
5. Let's avoid coins with a turnover rate of more than 30%. A high turnover rate indicates that both bulls and bears are fighting fiercely. Let's avoid this volatile market for now.
6. Don't be fooled by coins that are still holding on when the environment is bad. Coins that are still being pulled up when the market is bad are probably "smokescreens".
Four don't let go:
1. Hold onto coins with an RSI between 50 and 80. An RSI in the middle to high range indicates the coin still has momentum, and holding it can lead to more profits.
2. Don't rush to sell coins that have jumped up from a low position. A gap up indicates strong bullish momentum. See if it can continue to rise.
3. Hold on to coins that are trending upward. Follow the trend, and the longer you hold coins in an uptrend, the more you earn.
4. Don't easily sell coins whose chips are concentrated in one place. If the chips are piled up together, the main force may want to pull up the price. It's not too late to take action at a high point.
Cryptocurrency trading experience: Trading cryptocurrencies still requires rules and can't be based on feeling.
Understanding the trend is much more reliable than blindly guessing!
The bottom line that must be adhered to in contract trading
Contract trading is extremely risky. The essence of making money under high risk is to do a good job in risk management. That is, earning more when you win, and losing less when you lose. This principle is more applicable to contract trading. Therefore, I will first talk about the importance of risk management in contract trading as a whole, and then talk about several important risk management items separately.
It can be said that making money from contracts is both easy and difficult. Making money once or twice is easy, but making money steadily in the long term is difficult. In the face of the market, we are all small leeks (novice investors), so we should set our expectations lower. Focus on making money, don't pursue a high win rate, don't aim for the lowest or highest points, and don't expect to get rich quickly. It's normal for a single trade to be right or wrong, and you shouldn't let it affect your mindset. Just cut your losses in time. If you earn less at once, earn more times. Take your time to accumulate wealth; don't be impatient. These thoughts are like a sword of Damocles that could potentially bring you disaster in a particular market situation.
In the final analysis, the human nature of the trading market is greed and panic. If you want to make money, you must find a way to overcome the weaknesses of human nature. Don't be greedy when you shouldn't be greedy, and don't be afraid when you shouldn't be afraid.
It is very important to stick to your own thinking. The currency circle market is still very small, and there are not many trading opponents. The essential reason for being able to make money is to stick to personal thinking. If you follow the trend and copy orders, it will be good if you don't lose money. It is as difficult as climbing to the sky to make money.
Therefore, contract trading must strictly abide by the trading discipline you have set, not be greedy, not be lucky, and not be complacent because of profiting from a certain non-compliance, nor be upset because of missing the market by complying with discipline. Discipline is ironclad, discipline is the bottom line, and it must be strictly observed at all times.
All of this is to do a good job in risk management and reduce the probability of fatal errors. If you stick to the following points, making money will be a high probability event:
1. Reduce leverage
Be sure to control the actual leverage of the position to not exceed 2-3 times. Of course, it is best to be around 1 times, and if it is a full position mode, you must set a stop-profit and stop-loss to prevent large fluctuations like 9.25 from blowing up the full position.
2. Learn to stop loss
This point is very important, let me repeat it again, a lot of money lost by retail investors is not stopped by stop loss, but by liquidation. Market fluctuations are inherently unpredictable, and people who can make money basically earn more when they are right, and lose less when they are wrong. Stop loss is to help you lose less when you are wrong. So, retail investors are the same. If you make a mistake, you must admit your mistake in time, you must stop loss, and you must never carry the order. Set a loss ratio that you can bear, such as 15%, 30%, depending on your situation. When the maximum loss ratio is reached, don’t wait for luck, and don’t think that you’ve lost so much anyway, let’s carry it. In a word, stop loss must be done no matter what. You may not feel it once or twice, or you may sometimes find that you shouldn’t have stopped loss after stop loss, but after a long time you will taste the sweetness. For example, before 9.25, you keep opening long, although it is easy to hit the stop loss, and you will feel very frustrated every time you stop loss, but look at how many people exploded 2-3 times leverage that night after the market, you should be glad that your stop loss is so wise. In a word, stop loss is just cutting a piece of meat, but not stop loss is equivalent to suicide.
3. Reduce frequency
There's no need to say more about this, everyone should understand that the more you do, the more mistakes you make. If you happen to make a mistake and the loss ratio is large, it's even worse. So, with trading, try to do the right thing, reduce the frequency of trading, try to grasp opportunities with high probability, and make fewer mistakes and losses. This is very good for producing profits and adjusting your mindset.
4. Fund management
I think fund management is the most important thing in trading. Mastering good fund management strategies can protect the principal well, reduce drawdowns, protect profits, and ultimately increase your risk tolerance several times. Fund management determines whether you can make money, and it is also the lifeline of survival in the trading market.
Here are a few disciplines to talk about separately
(1) Always keep your principal from being fully positioned. Even if you leave 10% of your funds vacant, you will be grateful for the discipline you abide by under extreme risks. I usually leave 10-20% of my funds vacant, occasionally doing short-term altcoins, generally holding positions for less than 24 hours, and leaving after a short-term round;
(2) Contract trading must be separated from spot trading, which is considered risk isolation. No leverage can be added to the spot part, and coin-to-coin leverage is also not allowed, just eat the spot rise profit. The contract part can account for 20-30% of the full position funds, and at most no more than 50% in very certain trend markets. The contract part does low-leverage operations and anchors the coin-based income. After stable profits can be made in the contract market, the coin-based income is also quite considerable;
(3) Avoid excessive dispersion of funds. Concentrate the funds on a few relatively strong coins, don't be too dispersed, reduce the number of trading targets at the same time, for example, don't think about opening Bitcoin, Ethereum, EOS, and Litecoin contracts at the same time, that's what masters do, the goal is to pursue the maximization of income, we retail investors first pursue income, not maximization, and operating too many targets will only increase risks and will not amplify profits, so it is best to concentrate firepower on the basis of improving the winning rate, so it will be easier to generate profits and make money faster than dispersing funds to do several targets.
5. Reflect and summarize frequently.
There are only a few steps in the entire transaction process. Determine the long and short direction----find the entry point----determine the size of the opening position----add positions according to the market----stop profit and stop loss. Basically, there are only a few items. After completing a transaction, reflect frequently. In the entire transaction process, which link you are weak in, focus on that link and make efforts to ensure that you have better discipline that can be observed and executed in different transaction links, and summarize the successful experiences and lessons of the transaction, and persist for a long time, and you will definitely gain something.
The above is what I want to express about contract trading. I didn't talk about opening techniques and strategies, but chose these seemingly common thinking and concepts. It's not because techniques and strategies are not important, but I think these basic thoughts are more important, more practical, and must be mastered. They are like the foundation of a building. Only when the foundation is solid can the building above be more beautiful. Therefore, under the premise of understanding these basic principles, and having certain technical analysis skills and mastering some trading techniques and strategies, the crypto market contract is your ATM.
But in any case, contract is a high-risk game market, safety first, I wish you all a fortune in the currency circle.
Three major angles, ninety-nine sentences of essence! Cryptocurrency trading secrets that bigwigs won't tell you
One day in the currency circle is like one year in the human world. This sentence is not an exaggeration at all. Many people want to get on this speeding car, but risks and benefits coexist.
Sunny days often receive messages in the background, asking what to do when this coin falls, or whether to sell that coin tomorrow. What I feel is a sense of panic and confusion when facing the elusive crypto world.
Today, Sunny is sharing some valuable information for everyone, from the perspectives of news, technology, and mindset, which is very suitable for novices who are clueless in the crypto world.
1. News section
1. To win, you must try every means to collect first-hand information, and it is especially important to analyze major consulting media in the circle.
2. Most media outlets are business agents for large investors and investment advisors for retail investors.
3. Grasp the characteristics of different industries to have a chance to profit.
4. It is also a unique way to speculate by specializing in buying what is contrary to the opinions of experts!
5. Before investing, you must work hard to prepare for various preparations. You must dabble in financial common sense and domestic and foreign financial and political dynamics. Detailed analysis of the team and landing applications is the key.
6. Buy or sell when news breaks, and sell or buy when news is confirmed.
7. You must do your own research and judge the market yourself. Do not change your determination because of unconfirmed rumors.
8. If there is a problem with the team, the product will definitely have problems, and it is best to move less.
9. Any direct investment is a professional investment, and professional investment requires professional knowledge as the basis.
10. People who claim to predict accurately are mostly losers.
11. Inaccurate information guarantees loss. The most futile behavior is trying to guess the psychology of large investors and speculators.
12. When buying, understand whether the profit potential of the coin issuer is reasonable in relation to the current market conditions.
13. This circle is small, but it doesn't mean there are no circles. It's helpful to know a few big shots.
14. Don't change your original intention to buy or sell due to sudden news.
15. Good news is bad news, and bad news is good news.
16. Institutions have codewords for operations, such as listing "232323" may be about to ship goods. Each institution is different, and it is still necessary to study it.
17. Don't join small secret circles. If you join, just bring your ears and brain.
18. If the white paper lacks specific content and a research and development team, the probability of it being an air coin is over 80%.
19. Whether a project is open source. Generally, open-source projects are uploaded to GitHub. If not, everyone needs to be careful.
2. Technical part
20. Following the right coin is half the battle.
21. The routines of big players are often more unexpected, deceiving novices who are not deeply involved in the industry to facilitate their own purchases and shipments. You must accurately analyze the laws of trading volume.
22. The timing of buying is the most important part of virtual currency investment.
23. If the decline exceeds one-third, the alarm is sounded.
24. Three steps to rise: bottoming out - breaking through - soaring!
25. The index is updated for three consecutive days, but the trading volume decreases in turn, which may not be good for the future.
26. The leading rise for a long time will inevitably be followed by a substantial drop, and the probability of buying the bottom and rising 30% is relatively high.
27. It is common for small and medium-sized households to be trapped by large households, so diversification is key.
28. The rise and fall of the index are not random, and the rules are much simpler than the lottery. Proper screenshot analysis is crucial!
29. Anything that leads the rise will lead the decline.
30. Avoid excessive switching between buying and selling. When in doubt, don't take rash action. Respond to all changes with constancy.
31. A surge in volume and an unchanged price are signals of approaching the top. At this time, "running away is the best option."
32. The longer the hovering in the low range, the greater the amplitude in the upper range, and the probability of rising by 30% reaches more than 70%.
33. To judge growth or decline, look at the gap between it and the trend of the times. Policy is the biggest risk, and it is still necessary.
34. Trading volume is the pulse, and you can see if you are sick.
35. Choosing when to buy is better than choosing what to buy, selling well is a hundred times better than buying well.
36. Don't bet all your financial resources on one thing.
37. Do not intervene in speculation because you think the price is low and there is a lot of room for growth. You must know that once it reverses, it will be difficult to throw it out, and the decline will also be calculated in multiples.
38. It may be more worthwhile to buy a lower-priced one with slightly worse profit potential than to buy a slightly better one with slightly better profit potential.
39. Without considerable experience, never do short selling, and it is common to fall on your face.
40. Determining long-term investment goals and principles is the primary issue.
41. Market fluctuations have a traceable trajectory. If you master this trajectory, you will be invincible.
42. A diminishing increase and a declining trading volume are obvious signs of approaching the top.
43. Experience shows that the technical factor market generally lasts for a shorter time, about one-third of the fundamental factor market.
44. Preventing being trapped at a high price is the most important lesson for beginner leeks, so it is crucial to practice with low positions.
45. If it should rise but doesn't, it should be viewed negatively; if it should fall but doesn't, it should be viewed positively.
46. Fundamental analysis can tell you which coins have intrinsic value, while technical analysis tells you the best time to dig them out.
47. The funds in the market always flow in the most favorable direction.
48. Low prices fluctuate more than high prices.
49. Buy when you can buy, sell when you should sell, stop when you must stop, safety first, stability first, recklessness leads to loss, and greed leads to poverty.
50. Short-term fluctuations on the market have nothing to do with long-term performance.
51. Be sure to understand the "Sunday theory", and many coins rise today.
52. Robots should still be bought, after all, they react faster than the human brain.
53. The same coins have different price fluctuations and wave fluctuations in different exchanges. It is necessary to choose a good exchange.
54. New coins are often the best choice for short-term trading.
55. It is best to configure a combination of international big coins and altcoins.
56. Large coins drop steadily, while altcoins fluctuate greatly, offering more opportunities.
57. Try not to operate during rapid stretching.
58. It is best not to invest all your funds, it is best to have half or 1/3 of the chips left, you can make up for the decline.
59. To have a real understanding of the operating conditions of the team or foundation, if necessary, tell their opinions to the stupidest person you think.
60. Don't buy too many popular coins, because popular coins tend to rise quickly and fall quickly.
61. Don't put all your eggs in one basket on one coin, try to diversify.
62. Trading volume can show changes. When the trading volume starts to increase, pay attention and either sell or go all in.
63. What you hold will be sold sooner or later, and if you don't sell it, you are a stupid leek.
64. The highest or lowest price in the process of market changes often becomes the top or bottom price. Either a rocket or a waterfall will pass this hurdle in the past.
65. Following the trend is like drumming up your wallet.
66. It is best to choose those with good prospects but not yet popular.
67. Masters usually make a plan with each step written clearly, and the rest is to strictly implement it according to the requirements.
68. The basic routines of institutions: warehousing, testing, pulling up, washing the dishes, and shipping five stages.
69. A sudden surge in volume usually indicates two possibilities: either the market maker is protecting the price, or institutions are going long. At this time, you should follow the trend.
70. After each step up, the plate is generally washed. If you get off at this time, you may not be able to wait for the next bus.
71. It is not impossible to get rich with 10 yuan in the currency circle, and luck is also key.
72. Meeting a big pullback is an opportunity to buy a little.
73. Don't overestimate the IQ of big names, many operations just show the lower limit.
74. Before earning small amounts, gradually increase your capital and avoid playing with large sums.
75. It is risky to buy coins at a high price. Beginners should treat this coin as if it does not exist.
76. Beginners should avoid chasing highs. It's better to miss an opportunity than to rush in.
77. Be careful when participating in plates that are too small and only traded on one exchange.
78. It is basically judged as a pyramid scheme to join for free at the beginning and then charge various types of fees later. It is recommended not to join.
79. It is not recommended to participate in those that have not yet been listed and have already doubled many times during the fundraising period.
80. Moving bricks is a relatively small risk and easy to make money.
3. Mindset part
81. Small interests often delay big markets. Don't be confused by small changes in the big direction.
82. At any time, the most reliable thing is yourself. It's crucial to walk your own path.
83. When in doubt, stop taking action, which means the market is not yet clear.
84. Being one step ahead may be sure of victory.
85. There is no such thing as only rises and no falls, and there is no such thing as only falls and no rises. Opportunities always exist. The key is the psychological price. There is no use for regret pills.
86. Exercise a strong body so that your heart can withstand the impact of big ups and downs.
87. The secret to buying low and selling high lies in the manipulation by market makers, who constantly study the psychology and behavior of retail investors.
88. Speculating in coins is speculating in numbers. Don't establish a relationship with money, otherwise, you will definitely lose money.
89. Market changes are very fast. It is normal for bulls to change within 10 minutes. You must have a balanced mentality.
90. Can't stand being scared, can't get big, courage, courage, or courage.
91. Patiently wait for coins that are building positions at large levels to become truly blue-chip stocks. This is the real mentality.
92. Being anxious to make money is a big taboo for cryptocurrency participants.
93. Remember that the power of compound interest is the greatest.
94. The definition of韭菜 (leeks/novice investor) is someone who chases highs and kills lows, and has a restless mentality.
95. Listen less to shouting orders and use your brain more.
96. Don't estimate the market based on your own financial strength, and don't let profits or losses affect your determination. In this industry, everything you hold is just yarn.
97. You may be very successful in business, but there is no inevitable connection in the currency circle.
98. Experience can cultivate inspiration, but inspiration cannot completely rely on experience.
99. There is no free lunch, and you must set up your own acceptable loss range.
If you want to seize this round of bull market, it will definitely be too late to learn and sell now. It is best if someone can take you to quickly get started.
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Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.
