There are only these 2 types of people who make money in the crypto world.
The first type is those who can patiently wait in cash, waiting for a significant drop. They pre-select the coins they consider valuable, and when the market crashes, they buy in fully and make a fortune. #策略交易
The second type is value investors, who buy during bear markets, acquiring quality coins, holding them long-term, and consistently reinvesting to let compound interest roll and unleash its magic. #交易经验
By achieving the above two points, one can definitely outperform 90% of the crypto crowd that chases highs and sells on lows, while saving time and effort. When the market develops according to a trader's judgment, there's no need to do much; just patiently watch. #币安Alpha上新
Therefore, it must be understood that trading is only a momentary action. Out of the 365 days in a year, the actual trading time may only be a few hours, while the rest is a long and lonely wait. #BTC
The most important thing in trading is waiting; 99% of the time is spent waiting, and buying and selling happens in an instant! Wait in cash for opportunities, and wait in positions for profits! Wait for the right moment to harvest! Wait for opportunities that belong to your trading system and trading model, i.e., buying and selling points. Waiting requires time and patience, so patience is crucial! #ETH突破2500
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Several years ago, I personally experienced the painful lesson of account liquidation within just five days, losing over six million. As someone who has been through it, I sincerely advise all newcomers to the cryptocurrency world that for those lacking practical experience, it is wise to tread carefully and even refrain from trading temporarily to prevent significant losses. Recognizing the limits of your own abilities and acting within your means is crucial.
Since February of this year, I have achieved an astonishing leap from fifty thousand to over twenty million in just nine months, relying on a single account. Today, I am willing to selflessly share my trading strategies and insights with every partner who loves the cryptocurrency world.
As the saying goes, standing on the shoulders of giants allows you to reach the shores of success faster. I hope my experience can become a valuable support on your journey forward.
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There is a simplest method for trading cryptocurrencies in the trading circle, currently with a win rate of nearly 99%! A must-read for all traders!
In the cryptocurrency market, major news often accompanies significant market movements. Trading in the cryptocurrency space is not gambling; it requires a clear mindset. Here, I summarize four key trading techniques for cryptocurrency investment, hoping to help everyone.
First Technique: Recognize Trends: Going with the trend is the key to success in any investment or financial management. Therefore, the first technique is to "recognize trends." Trends are a medium to long-term concept, representing the direction of price changes over an extended period, including three directions: upward, downward, and consolidation. Thus, once you identify the trend, using the traditional method of "buy low and sell high" is very prudent. If you wish to "chase highs and cut losses" against the market, you must focus on short-term trading.
Second Technique: Wait for Entry Points: "Waiting for entry points" is the second technique that must be mastered. Investors can use methods such as the Fibonacci retracement method or trendline entry methods to achieve this. There are no superior or inferior methods; it is only a matter of what suits the investor's operations and convenience.
Third Technique: Find Targets: "Finding targets" is the third technique. Investors can also use the Fibonacci retracement method to achieve this; a target is just a target, it may not be reached, or it may be exceeded. Sticking rigidly to a target is not advisable; the key lies in the choice after achieving the target: should you close the position or hold it? This depends on the "momentum".
Fourth Technique: Take Profit and Stop Loss: "Taking profit" and "stop loss" are actually two techniques, but they are inseparable and complementary, thus can be regarded as one technique. Developing strategies for taking profit and stopping losses is crucial for investors. "Why take profit?" Although this may be challenging for investors with a strong speculative mindset, in a one-sided trend, it is the only means to maximize your profits. If you do not take profit, and the market changes suddenly, you will incur high costs and may even miss out on a significant market opportunity. The determination of the take profit price should be adjusted constantly with price fluctuations. During an upward trend, use the previous day's closing price as a reference. In a consolidation trend, minimize taking profit and take the initiative to close positions.
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There is a very foolish method of trading coins in the trading circle, currently with a win rate of nearly 99%! A must-read for all traders!
Point One: Do not check market comments after placing an order. There are always two types of voices in the market: one tells you the market will drop; the other tells you the market will rise. There will never be a day when the market has a unified bullish or bearish sentiment. If that were the case, there would only be one type of person in the market, either everyone is making money or everyone is losing money, which contradicts market principles. So after placing an order, do not think about how others are commenting on the market's rise or fall, because such conflicting opinions will shake your basis for placing the order, making you unsure whether to hold your position or exit early. Perhaps seeing others exit like you will give you confidence, and you'll think you'll make a lot of money, but when directions are inconsistent, you'll feel particularly anxious, and maybe you'll make wrong judgments and decisions in such a tense mindset!#策略交易
Point Two: Do not avoid stop-loss after placing an order and then lock in losses. Everyone knows that investing carries risks, and nothing is 100% certain, so a strict stop-loss must be set when placing an order. Stop-loss requires great courage; many people do not want to admit defeat, believing their direction is correct, because admitting defeat would directly lead to substantial losses.#BTC
Point Three: Do not easily increase your position after placing an order. Many people like to keep increasing their positions and charging forward. Remember not to increase your position when the direction reverses; wait for the next opportunity to build a position, because if you keep increasing your position, the stop-loss will inevitably move, and moving the stop-loss will only increase your losses.#MichaelSaylor暗示增持BTC
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There is a fastest way to trade cryptocurrencies, with a current winning rate of nearly 99%! A must-read for all cryptocurrency traders!
1. Timely empty position, balance is key: After profits reach a peak, one should appropriately choose to hold an empty position and temporarily leave the market. The cryptocurrency market offers trading opportunities 365 days a year, so do not overexert yourself; taking appropriate breaks allows for better grasp of subsequent opportunities. 2. Timely stop-loss, reflect on losses: If there are three consecutive days of losses, it is imperative to stop trading immediately and deeply reflect on the root causes of the losses to avoid falling into the same trap again, preventing further losses. $BTC 3. Avoid divergences, reduce risks: When the market shows significant divergences, it is unwise to trade impulsively. At this time, the market is highly volatile, and the direction is difficult to grasp, making participation likely to lead to losses. #策略交易 4. Caution at high positions, prevent traps: When the coin price opens more than five percent higher, one must remain highly cautious. This is very likely to be a trap set by the market, and one should not blindly rush in. #GetRichInCrypto 5. High position and increased volume, do not chase the trend: When the coin price is at a high level and the trading volume has significantly increased, do not blindly chase the upward trend. This is often a signal from the market to lure in buyers, and blindly following may lead to becoming the “bag holder.” #CryptoMarket 6. Flexibly respond, go with the trend: In a weak market, a low-buy strategy can be adopted; in a strong market, choose to take the lead. Flexibly adjusting trading strategies in accordance with market changes is essential for making profits. #Bitcoin 7. Cautious position increase, build positions in batches: In the absence of complete confidence, it is crucial to avoid blind position increases. Building positions in batches is a more prudent operation method that can effectively control risks. #巨鲸动向
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