If you have been trading cryptocurrencies for over a year and haven't made a million, after reading these 10 practical tips, you still won't make money, come find me.
After more than 10 years of trading cryptocurrencies, I have summarized the following ten practical tips: 1. If your capital is not very large, such as within 200,000, catching a primary rising trend once a year is enough, and never go all in at all times.
2. A person can never earn wealth beyond their understanding; first, use a demo account to practice your true mindset and courage. A demo account can fail infinitely, but in real trading, one failure might be everything for you, even leading you to stay away from the market.
3. When encountering significant positive news, remember to sell on the next day's high opening if you haven't sold on the same day; good news often turns into bad news when realized.
4. When facing major holidays, reduce your positions or even go to cash a week in advance; historically, markets tend to drop during holidays.
5. The medium to long-term strategy is to keep enough cash on hand, sell at high prices, buy back during dips, and roll over operations as the best approach.
6. Short-term trading mainly looks at trading volume and charts; trade actively fluctuating patterns, and avoid inactive ones.
7. If the decline slows down, the rebound will also be slow; if the decline accelerates, the rebound will be quick.
8. Acknowledge when you've made a wrong purchase, stop-loss in time, and preserving your principal is fundamental for survival in the market.
9. Always analyze the 15-minute K-line chart for short-term trades, and use the KDJ indicator to find relatively good buying and selling points.
10. There are thousands of techniques and methods for trading cryptocurrencies; mastering just a few is enough, do not be greedy.
Mad, luckily I'm clever, otherwise I would have suffered a huge loss this time. Black Friday really shouldn't be long, as the market broke the new low of 110083 and I went short to recover 7782u of the loss 💪. Be bold and meticulous; as the market changes, we must also make timely adjustments!
Having learned my own clumsy trading method for cryptocurrencies, I can now navigate the crypto world as if I have cheat codes, with green lights all the way, simply because I have firmly grasped the following 10 rules: 1. If a strong coin has dropped for 9 consecutive days from a high position, make sure to follow up in a timely manner. 2. If any coin has risen for two consecutive days, make sure to reduce your holdings in a timely manner. 3. If any coin has risen more than 7%, there is still a chance of further rising the next day; you can continue to observe. 4. For strong bull coins, be sure to wait until the pullback is over before entering the market. 5. If any coin has had three consecutive days of flat movement, observe for another three days; if there is no change, consider switching to another coin. 6. If any coin fails to recover the previous day's cost price the next day, you should exit in a timely manner. 7. If there are three coins on the rise list, there will be five; if there are five, there will be seven. Coins that have risen for two consecutive days should be bought on dips, as the fifth day is usually a good selling point. 8. Volume and price indicators are crucial; trading volume can be considered the soul of the crypto world. When the price breaks out on increased volume at a low level, it needs attention; if there is a volume increase at a high level with stagnation, exit decisively. 9. Only choose coins that are in an upward trend to operate on; this maximizes the odds and saves time. If the 3-day moving average turns upwards, it indicates a short-term rise; if the 30-day moving average turns upwards, it means a medium-term rise; if the 80-day moving average turns upwards, it indicates a main upward wave; if the 120-day moving average also turns upwards, it indicates a long-term rise. 10. In the crypto world, small funds do not mean a lack of opportunity. As long as you master the correct methods, maintain a rational mindset, strictly execute strategies, and patiently wait for opportunities, you can also achieve a turnaround in wealth in this land full of opportunities. Remember, while the crypto world is good, it also carries great risks; only by continuously learning, summarizing experiences, and constantly improving oneself can one go further.
Originally, I was planning to go to sleep, but suddenly the market surged. It would be a shame not to go short given the good opportunity provided by the market makers. After waking up in the morning, I took profits and secured a 1100-point gain. Choice is more important than effort; direction determines success or failure. I'll look for opportunities again later!
Big Bull returns triumphantly with a small whip, 110,000 arrives in the blink of an eye? With Brother Bull's buff, just a bite is 6000u, just this move makes you rich every day with a bite 🤑
How 1000u counterattacked to 20 million, 9 years of blood and tears are all open! Brothers, as an old leek who has been struggling in the currency circle for 9 years, I have experienced the darkest moments of my life. I was blown up, in debt, and entangled in online loans. I couldn't eat well, couldn't sleep well, and even stood on the rooftop and thought about ending it all. The principal of 200,000 yuan was zeroed in one day, and it took me 6 years to turn 1000u to 20 million! Today, I share these 6 years of valuable experience without reservation, hoping to help everyone avoid detours in the contract circle 9 currency trading dry goods, take you to avoid detours 1. Small funds, stable income: within the principal of 100,000, it is enough to catch a big market every day. Don't be greedy and don't operate with a full position, otherwise you will lose all your money if you are not careful. 2. Good news should be shipped in time: if there is major good news, if there is no shipment on the same day, sell it quickly on the second day when it opens high. When the good news is realized, it is often the beginning of bad news. 3. Pay attention to news and holidays: News and holidays have a huge impact on the market. Before major events occur, adjust strategies in advance, reduce positions or go short. If you can't judge the direction, wait until the market is clear before operating in line with the trend. 4. Medium and long-term light position operation: Medium and long-term investment must enter the market with a light position. The market is unpredictable and heavy positions are too risky. Stability is the long-term way. 5. Short-term fast entry and exit: The key to short-term operation is to follow the trend and enter and exit quickly. When the market is obvious, find the right point to enter the market and run when you make a profit. When the market is flat, wait patiently with an empty position and avoid greed and hesitation. 6. Fluctuation and callback rules: The market fluctuates slowly, and the rebound speed is also slow; the market fluctuates quickly, and the callback is also rapid. Mastering this rule can better grasp the buying and selling opportunities. 7. Stop loss in time and don't carry orders: If you enter the wrong point or judge the wrong direction, stop loss immediately. Stop loss is the key to preserving the principal, and carrying orders will only increase. 8. Use the 15-minute K-line chart: Short-term investors must look at the 15-minute K-line chart, combined with the KDJ indicator, to find the right time to enter the market more accurately. 9. Mentality determines success or failure: There are many techniques and methods for trading coins, but mentality is the most important. The currency market has ups and downs, so adjust your mentality, don't be greedy, and avoid being swayed by market sentiment. There are risks in trading coins, so be cautious when investing. Everyone must formulate a reasonable investment strategy based on their actual situation.I hope my experience can help you ride the waves in the cryptocurrency circle and realize your dream of wealth.
Just said that this market still needs to go down, it's not easy to trap the bulls, how could the 🐶 market give you a rebound to break even? In the afternoon, the rebound continues to short and take advantage of the next wave of pullback, excellent hunters are always looking for opportunities. The market is so strong, so let's seize the moment and take a few more orders.
Quickly go from 10,000 to 100,000 and see how long it takes to complete
(Currently 71202)
When the empty time feels too short, take profits on long positions and decisively enter short positions to capture a wave of retracement. With a clear direction in mind, operations won't be confusing. Always understand what actions to take at what stage, and when opportunities arise, be decisive to seize them.
I have been trading cryptocurrencies for 7 years, investing 100,000 to enter the market. Now I can support my family through trading. Here are the hard-earned experiences I've summarized:
First: Don't focus on how long you've held your investments; instead, pay attention to whether the market has reached its peak.
Second: When the price of a coin rises, if you are solely focused on pursuing higher profits and are reluctant to sell your holdings at a high price, greed often leads to 'missing good opportunities.'
Third: Take profits when they are available, and maintain your gains; this requires wisdom and patience.
Fourth: Sell when everyone on the street is talking about 'blockchain.'
Fifth: Any greedy investor who sees a significant price increase will inevitably regret not buying at the low price earlier or buying too little. The main traders take advantage of retail investors' eagerness to buy when prices rise to push prices higher and offload their holdings.