After ten years of ups and downs in the crypto space, I started with an initial capital of 68,000 earned from working, and now I have accumulated over 40 million in wealth. I focus on spot trading and keep a respectful distance from contracts. Although I haven't reached billionaire status starting with ten thousand like some legends, I am already deeply satisfied, steadily moving forward, quietly hoping that my account can cross the billion mark by the end of the year, paving the way for more capital next year.
On the journey in the crypto space, maintaining a calm mindset is crucial. In the face of the market's violent fluctuations, I do not let anxiety sway my emotions during major declines, and I do not lose myself in temporary euphoria during significant rises, knowing that securing profits is essential. Looking back, when I first entered the crypto space, I often lost sleep due to worries, waking up in the middle of the night was also common. Now, I have learned to take it all in stride.
At its core, the way to make money requires skills, but what’s even more precious is steadfastly adhering to a set of inner rules. Just this belief alone has allowed me to surpass many peers, eliminating at least 70% of competitors!
The most important thing in trading is to choose trend trading. In technical analysis literature, there is a survey conclusion.
Among 10 traders, two who consistently profit are trend traders.
Therefore, in doing general things, you must choose trend trading; combined with the trading system previously discussed, it can definitely achieve stable profits.
This has been stated very clearly, intuitively framing trading norms for beginners. Even if you are a novice, following this system and still not making profits means you should not trade.
Next, I will present the core strategies for trend trading; this is the essence part, and I can't go into too much detail, so save some for yourself.
The framework for trend trading is as follows:
1. What is a trend, and how to judge a trend?
Everyone has different standards for judging trends.
Let me briefly explain my views.
For instance, breaking through the M60 moving average is considered the start of a trend.
For example, according to trend standards, a high point is higher than a previous high while the low point is also higher than the last low.
2. Entry methods for trend trading
There are two common entry methods for trend trading:
First, enter at support levels, which means entering at pullback positions. The key question is how to determine whether this position is a turning point for a pullback; commonly used are trendline support levels and Fibonacci retracement levels.
Secondly, breakthrough entry, the most common is breaking previous highs, and a higher probability is breaking after a long period of consolidation.
For advanced traders, think more about high-probability support and breakout points.
Why is it difficult for 90% of investors to profit?
The core is frequently making irrational decisions at the wrong time! Whenever the market experiences a pullback, many investors rush to sell like frightened birds. When asked about the reasons for selling, the answers are often astonishing: "Everyone is selling, if I don't sell, I'll lose big!" This kind of blind herd behavior has long deviated from the essence of investing; it is simply a battle of wealth consumption under collective irrationality.
The fluctuations in the global economy seem complex and unpredictable, but they actually align with the underlying logic of capital operation. Whether it's geopolitical conflicts, cyclical economic crises, or sudden market panics, history is always remarkably similar, continuously playing out familiar plots:
The trading cycle of large institutions
Step 1: Create panic - institutional concentrated selling causes market turbulence
Step 2: Retail investors cut losses - investors panic and sell at low points due to fear
Step 3: Accumulate at low positions - institutions calmly take over, completing the low-price collection of chips
The cruel market truth is:
Professional investors often decisively position themselves during market crashes
Ordinary investors always chase the highs and sell the lows
Ultimately leading to wealth flowing from the majority to the minority
True investment wisdom should be:
Market crashes are precisely the touchstone for testing quality assets
Moments of collective panic often contain excellent entry opportunities
Most profits are often concentrated in a few key holding stages
Please remember:
In the capital market
Short-term price fluctuations are driven by emotions
Long-term value return is determined by the fundamentals of the enterprise
The counterattack principle for the poor: either rise up or resign to fate
"No money, don’t play crypto? Bullshit! I entered with 5000 bucks and rolled out a down payment in three years!"
Those who tell you "don't touch cryptocurrencies without at least 100,000" are destined to be a vegetable for life. The crypto space is the last opportunity for ordinary people, and today’s "beggar version of the get-rich strategy" is specifically designed to cure poverty!
First trick: Airdrop exploitation technique - zero-cost robbery of Wall Street
Do you think airdrops are free money? 99% of people can't even pick up trash! But I made 30,000 dollars last year with this "matrix bombing method," cost? 500 bucks!
Airdrop golden rules
Only invest in new projects within the top 50 by market cap (wasting time on shitcoins is not worth it, better to sleep)
Operate simultaneously with 5 wallets (500 bucks cost, diversify risks)
Work from 3-5 AM (Gas fees are as cheap as free)
The first 30 days after the mainnet launch are a golden period (the project team spends money the most crazily)
Second trick: Survival technique for contracts - either eat meat or eat dirt
100x leverage is for martyrs! For the poor, it's more important to survive than to get rich quickly!
My ironclad rules for contracts
Invest 2000 capital in 5 parts, only do key breaks for BTC/ETH
5x leverage (even if it blows up, it won't hurt too much)
Cut losses at 3% (60 bucks for a lesson)
Run at a 5% profit (30% monthly return is delightful)
Buddhist style: 3000 bucks, 3x to hoard coins; automatically cut losses if it breaks support
Gambler's package: Leave 500 bucks for lottery tickets
Zero? Just consider it a donation to the exchange! But what if you hit a hundred times token? (laugh)
Bloody lessons
Don't touch altcoin contracts (poor liquidity, spike will lead to death)
Don't hold positions (90% of liquidations are due to "just wait a bit")
Don't trade when the Federal Reserve is making moves (the volatility is too high, it's easy to die suddenly)
My three no-principles for shitcoins
Avoid coins without audits (99% are exit scams)
Avoid Telegram groups without real people (all projects are robots = scams)
Avoid coins with a market cap over 100 million (limited room for growth)
The ultimate mindset for the poor to turn their fortunes around
Seize opportunities that others can't understand (airdrops, shitcoins, early projects)
Use strategies that others dare not use (low-leverage contracts, diversified investments)
Retreat when others are greedy (withdraw principal when doubled, let profits continue to roll)
Remember: the crypto space does not care how much capital you have; it only cares about how clear your mind is. Either enter with a strategy or exit with dignity - at least the casino gives you free drinks, tears are expensive in the crypto space.
Today's sharing is for those still losing in the crypto space and beginners just entering the market. I hope it can help you, at least saving new investors from taking a decade of detours. In this field 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 space for investment, you must first be well-prepared. It's better to enter with a small amount than to rush in blindly. Proceed with caution and fully assess the risks and your own tolerance.
2: When the coin price is in a low and sideways state, and then hits a new low, this is an excellent time to buy heavily. The market may have reached the bottom, and a significant rebound is expected afterward.
3: When the coin price spikes, you should promptly sell the chips in hand; when the coin price plummets, you should decisively enter. During the sideways phase, try to avoid trading, as the direction is unclear and the risks are higher.
4: If the coin price remains in a sideways state, it often means it may be substituting a drop. Hold onto your coins tightly, as a surge could occur at any moment.
5: When the coin price experiences a rapid surge, always be ready to sell, as this quick rise is often accompanied by a potential crash.
6: When the coin price is slowly declining, it is a good time to gradually add to positions, which can lower the average cost.
7: In the face of high and low consolidations, 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 sideways state and then spikes, seize this opportunity to sell quickly for profit. When the coin price is in a low sideways state and then hits a new low, buy in fully, as this is a rare good opportunity.
9: If the coin price does not rise, do not sell; if the coin price does not plunge, do not buy. Do not trade during sideways movements. Following these principles can avoid many unnecessary risks.
10: Choose a bearish candle when buying, and a bullish candle when selling; act contrary to market conventional thinking to become a true investment hero. If the coin price rises significantly in the morning, sell; if it rises 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 cut losses. In crypto investment, maintaining calm and rationality, and following these principles and strategies will help better adapt to market changes and achieve investment goals.
The above 10 iron rules are also summarized from my own experience, hoping to help those still losing in the crypto space and new investors.
Xiao Wei's team accurately targets short-term wave trends, and the team still has spots available; those who want to board should hurry up!
