If you are holding no more than 50,000 in funds and dreaming of becoming famous in the cryptocurrency short-term trading battlefield, quickly reaping wealth
Then you must read this post word for word. I guarantee that after reading it, you will have a profound insight into the underlying logic of short-term trading.
My classmate, Lao Liu, and friends can also call me Master Brother. I am 34 years old this year and have been struggling in the waves of the capital market for a full ten years, among which I have been specializing in cryptocurrency trading to support my family for six years.
During university, I didn't choose a finance major, which has always been a regret in my heart.
In my freshman year, I accidentally came across stocks and foreign exchange online. Those red and green fluctuating candlestick charts were like a magical code that instantly sparked my endless curiosity and desire for exploration.
In my sophomore year, I impulsively opened an account and plunged into this unknown world. Later, I learned about the cryptocurrency market and Bitcoin (don’t ask, just know I didn’t hold on), and from then on, I walked further down this investment path.
Like most newcomers entering the market, I was initially captivated by various technical indicators, spending days and nights conducting backtesting analysis with different cryptocurrencies, trying to find patterns among them.
I naively believed that low-priced coins or those that had significantly retraced were safer and could guarantee profits. But reality dealt me a heavy blow, and I lost heavily.
Later, a student from another department, Li, reached out to someone on my behalf, saying he had just entered the cryptocurrency market and blindly followed the so-called "masters," resulting in losing most of his hard-earned living expenses.
I carefully examined his trading records, which were all chaotic and lacked any strategy.
Based on his situation, I tailored a short-term trading strategy for him, teaching him how to analyze market sentiment and seize buying and selling opportunities, while repeatedly emphasizing the importance of setting strict stop-loss and take-profit levels.
Unexpectedly, after a period of time, he not only recovered his losses but also made a small profit.
After this incident, I became even more convinced: in the market, one must not be blinded by momentary profits; the ultimate goal is to achieve sustained and stable profits.
It is essential to conduct thorough reviews, clarify whether making money is due to luck or skill, and only by establishing a stable trading system suitable for oneself can one ensure long-term profitability.
Today, I share these insights, hoping to help more people who are confused in the cryptocurrency market.