Treat trading cryptocurrencies as a job, clocking in and out every day. In the early years of trading cryptocurrencies, I, like many others, stayed up late every night watching the market, chasing gains and cutting losses, losing sleep over my losses. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and gradually began to stabilize my profits. Looking back now, this method, although simple, is effective: "If the signals I am familiar with do not appear, I will not act decisively!" I would rather miss an opportunity than place random orders. Thanks to this ironclad rule, I can now maintain an annual return rate of over 70%, and I no longer have to rely on luck to survive. Here are a few tips for beginners, all based on my own experiences of losses in real trading: ⸻ 1. Cash out profits immediately Don't always think about doubling your money! For example, if you've made a profit of 1000U today, I suggest you withdraw 300U to your bank card immediately and continue to trade with the rest. I've seen too many people who think "I made three times, so I want five times" and ended up losing everything in a single pullback. ⸻ 2. Look at indicators, not feelings Don't trade based on feelings; that's just blind guessing. Install TradingView on your phone and check these indicators before placing a trade: • MACD: Is there a golden cross or a death cross? • RSI: Is there overbought or oversold? • Bollinger Bands: Is there a squeeze or a breakout? Consider entering the market only if at least two of the three indicators give consistent signals. ⸻ 3. Stop-loss must be flexible When you have time to watch the market, if you’re in profit, manually adjust your stop-loss price upwards. For example, if your buying price is 1000 and it rises to 1100, raise your stop-loss to 1050 to secure your profits. However, if you're going out and can't monitor the market, make sure to set a hard stop-loss of 3% to prevent sudden market crashes from wiping you out. ⸻ 4. Must withdraw profits weekly Any profits that are not withdrawn are just a numbers game! Every Friday without fail, I transfer 30% of my profits to my bank card and let the rest continue to roll over. Over the long term, this way, my account will continue to grow. ⸻ 5. There are tricks to reading candlesticks • For short-term trading, look at the 1-hour chart: If there are two consecutive bullish candles, consider going long. • If the market is moving sideways, switch to the 4-hour chart to find support lines: Consider entering the market when prices approach the support level. ⸻ One last piece of advice for you: Trading cryptocurrencies is not gambling. Treat it like a job, clock in and out every day, turn off the computer at the end of the day, eat when it’s time to eat, and sleep when it’s time to sleep. You will find that your profits will actually become more stable.
Today's market is really awesome, after finishing a long position in the morning, I turned around and made a short position at a high point, and it smoothly reached my expected level nearby. The market maker must have secretly given me some leeway, haha😄 It seems my 100,000u is just around the corner, let's go💪
Once a novice in the cryptocurrency world grasps these iron rules, they will establish themselves in the crypto sphere, and their trading career will soar as if they are using cheats. In this tumultuous sea of cryptocurrencies, true experts do not rely solely on technology to dominate the field but rather on a profound understanding of market rules and strict adherence to them. Here are the six iron rules I have always followed, shared with those destined to find them, so you too can navigate the path of trading cryptocurrencies with ease and handle risks effortlessly! 1: Market fluctuations are unpredictable; mindset is key: Do not hastily claim the peak during an uptrend or assert the bottom during a downtrend. Just like whether Bitcoin can reach 150,000 USD, the answer can only be revealed when the market is in a frenzy. What you think is the bottom may only be a brief pause; the true bottom is always unfathomable. 2: Build positions in batches; stability is king: Experts never rush to achieve their targets when building positions; each trade is controlled within one percent. This strategy allows them more opportunities to make mistakes, resulting in lower costs and smaller risks. 3: Dare to chase high prices; achieve greatness: In the cryptocurrency world, fearing high prices is a sign of being unlucky. One must understand that the cost of major players in a cryptocurrency is far from simple, including promotional costs, chip costs, development fees, etc., which can be several times or even dozens of times the investment. Therefore, daring to chase high prices is essential to seize real opportunities. 4: The bull market is a chance not to be missed: A bull market is the only opportunity for a turnaround. Just like Buffett, no matter how smart he is, if he misses the bull market, he can only wait silently in a bear market. Therefore, in the cryptocurrency realm, seizing the bull market is equivalent to grasping the key to wealth. 5: Technical indicators are for reference only: Technical indicators often have a lagging nature; they should serve as a reference rather than the primary basis for buying or selling. Although technical indicators perform well during strong uptrends, the prices are already high, so chasing prices must be done cautiously. 6: Be confident and unafraid of the market: True cryptocurrency trading experts are full of confidence; they have experienced losses but have never been defeated. They firmly believe that they will eventually conquer the market, and this belief is the key to their success. Trading cryptocurrencies is not only a battle of skills and luck but also a test of mentality and wisdom. Only those who master and strictly adhere to these iron rules can remain undefeated in the cryptocurrency world!
Trading Philosophy: No one likes to lose, but we must learn how to lose.
Those who trade must understand: losses cannot be completely avoided, but you can control how you lose.
Stop-loss is not the problem; uncontrolled positions are. What causes your emotional collapse is never the stop-loss itself, but rather **unexpected losses. Set a strategy before entering a trade, and mechanically execute after entering.** Unless the market shows an absolute deviation signal, decisions made while holding positions are often less rational than when not holding.
Why do we lose rationality after entering a position? - You will weaken the reverse signals and strengthen the forward signals. - Internal expectations skew your stance, leading to incorrect judgments.
Four Major Principles of Entering a Trade: 1️⃣ Basis for entering (clear technical/fundamental signals) 2️⃣ Stop-loss line (key support/resistance levels) 3️⃣ Expected target (profit-taking range) 4️⃣ Worst-case scenario (position management, the loss you can tolerate)
Regarding profit-taking: Don't let greed destroy your profits. Many people like 'open profit-taking', but the market will eventually end, and you can only earn the money within your understanding. - Stage profit-taking (partial closures) - Retain a core position (let profits run but protect most of your gains) - Profits exceeding expectations are surprises, not the norm.
💥 Execute strategy > make ad-hoc decisions. The market will not always move according to your expectations, but discipline can help you survive in the long run.
1. If your initial capital is not very large, such as within 100,000, being able to catch a significant market fluctuation once a day is already sufficient. Do not be greedy and always hold positions! 2. When encountering major positive news, if you do not sell on the same day, remember to sell on the following day's high open. Positive news often turns into negative news once it is realized. 3. News and holidays are also very important. When facing major events, adjustments should be made in advance (reducing positions or even going to cash). Historically, whenever major events occur, significant fluctuations in the market will follow. If you cannot grasp the direction in advance, then wait for the market to come and follow the trend! 4. The strategy for medium to long-term positions should definitely be to enter with a light position, leaving enough operational space. Steady operations are the best strategy; do not operate with heavy positions! 5. Short-term trading relies heavily on following the trend, with quick entries and exits. Avoid greed and hesitation. When the market has large ups and downs, find suitable entry points. If the market is stagnant and inactive, then stay in cash and wait patiently. 6. When the market fluctuates slowly, rebounds will also be very slow. When the market fluctuates quickly, the corresponding pullbacks will also be swift! 7. If you enter at the wrong point or direction, then cut losses promptly (do not hesitate to hold onto a losing position). Cutting losses is a form of profit; preserving capital is fundamental for survival in the market. 8. For short-term trading, you must look at the 15-minute K-line chart. The KDJ indicator can help capture suitable entry positions more effectively. 9. There are countless techniques and methods for trading crypto, but the most important thing is still the mindset. A person's mindset is crucial, and the crypto market can easily make you feel the ups and downs, so adjust your mindset properly and do not be greedy.
Mindset Control in the Cryptocurrency World 1. Do not judge success or failure by a single trade; do not excessively dwell on the gains or losses of one trade. Stay firm and open-minded. 2. In the adult world, once a purchase is made, it is recognized upon closing a position. There are no assumptions in cryptocurrency, no 'what ifs,' and no regrets. 3. Trade with a plan and remain calm in a crisis. 4. Plan your stop-loss and take-profit levels before placing an order, and strictly adhere to your plan without harboring any lucky thoughts. 5. Strict position control is essential; profits and losses in cryptocurrency can fluctuate. Do not easily deprive yourself of the chance to recover. Moreover, holding a heavy position can easily cloud your judgment and emotions, causing you to miss profits and push you to resist closing positions, as you may find it hard to accept a stop-loss on a heavy position, which often leads to liquidation. 6. Do not stubbornly resist the market; it is not something we can conquer with willpower and determination. Timely stop-loss is the best protection for your capital. Even if you have enough margin, holding onto a losing position may cause you to miss out on more profitable trades and make it easier for your emotions to spiral out of control, leading to poor decisions or subjective judgments influenced by personal emotions. 7. Remember, never let trading in cryptocurrency affect your normal work and life. Whether trading contracts or spot, it inherently carries risks, so it should be based on a certain economic foundation and time commitment. If you do not have enough economic backing but have some spare time, it's fine to invest a little pocket money or spare cash to experience it. At the same time, whether in spot trading or contracts, there is no guarantee of profit when trading cryptocurrencies. Many people enter the crypto world after hearing stories of thousandfold returns; indeed, there are many cryptocurrencies that can yield such returns. Many people who achieve thousandfold profits do so with spare cash, and often they forget about these investments after making them, which is why they can reap such large profits.
Trading cryptocurrencies carries risks; enter the market with caution. While we see high returns in the cryptocurrency world, we must also recognize the high-risk aspect. Rationally distinguish between investment coins and speculative coins, and approach the market and your capital with reason.
The long position operation given at noon, with a space of 1,000 points! Congratulations in advance to those who followed my trades! Let's work hard together 🐶庄 Be careful with uncertain drops 🚙🚙
🐶 The bulls here are really strong! I placed an order before going to bed, and when I woke up in the morning, I had made a profit. When trading contracts, it's essential to set take profit and stop loss; otherwise, it's all for nothing. Let's aim for a ten-game winning streak haha 😄
Short-term cryptocurrency trading tips: Follow the trend, find low points, avoid chasing highs, set stop-losses 1. Follow the trend: Operate according to the market trend, estimate the general direction based on experience, fundamentals, and technical analysis, and adjust as needed. 2. Find low points: For going long, entering at low points is a prerequisite for making profits within the day. 3. Avoid chasing highs: Control emotions and avoid blindly chasing price increases to prevent losses. 4. Set stop-losses: When heavily invested, immediately set a stop-loss if the direction reverses, without hesitation.
Master these tips for trading cryptocurrencies, and profits won't be a dream! Trading cryptocurrencies may seem complicated, but it actually has its underlying rules. Today, I will reveal a few "secret techniques" for trading cryptocurrencies to help you profit easily and embark on the path to wealth. Remember the following phrases to make your cryptocurrency trading journey smoother! 1. When the situation is unclear, observe the changes In the crypto world, situations change rapidly, so do not blindly follow the crowd. When the market is unclear, avoid impulsively entering. Patiently wait and observe market dynamics, and only take action when the situation becomes clear to ensure safety and stability. 2. Popular positions, quick decisions Popular cryptocurrencies often shine brightly for a time; you need to remain highly alert and constantly monitor market dynamics. Once the hype decreases, decisively withdraw to avoid being trapped. Quick decisions are essential to seize opportunities. 3. When there's a big rise, hold steady and wait for a climb When the K-line opens high and trading volume increases, this signals that the market is accelerating. At this time, you need to remain calm, hold your position, and wait for the cryptocurrency price to soar. Do not miss good opportunities due to greed. 4. Huge bullish candles, retreat in time Whether the cryptocurrency price is high or low, once a huge bullish candle appears, it often indicates that a correction is imminent. At this time, you need to withdraw quickly to secure profits and avoid losses. 5. Moving average support, skilled buying and selling Learn to observe moving averages, support levels, and resistance levels; these are the basic skills in cryptocurrency trading. The daily moving average is your offensive line, and based on the moving average support situation, trade reasonably. Short-term operations of three days to a week are sufficient. 6. Don't rush to sell, don't jump to buy This is the golden rule in the crypto world. When the cryptocurrency price rises weakly, do not blindly sell; when the price stabilizes after a drop, consider buying. By following this rule, you will avoid detours and achieve steady profits. 7. Enter in batches, buy cautiously In cryptocurrency trading, avoid investing all your funds at once. Enter in batches to reduce risk and seize more opportunities. Before buying, be sure to prepare adequately, clarify your reasons for buying, operational strategies, and risk management measures.
From taxi driver to billionaire, my cryptocurrency trading comeback journey 🚗💸 Dear friends, today I want to share my extraordinary life transformation with you! Eight years ago, I was just an ordinary taxi driver, shuttling through the city and struggling to make a living. By chance, I ventured into the cryptocurrency world, and my life has been like a cheat code ever since! Through continuous research, I found an incredibly simple trading method with nearly 100% profitability, and with it, I successfully achieved an eight-figure asset, making a direct comeback! 📈 This method consists of just 4 steps, and even beginners can easily grasp it 👇 ✅ Step 1: Select potential cryptocurrencies Open the daily chart, focus only on the daily level, and look for cryptocurrencies with MACD golden crosses, especially those crossing above the zero line; they are like fighter jets among potential stocks! It's like finding a shining treasure in the vast sea of cryptocurrencies. ✅ Step 2: Use moving averages wisely Switch to the daily level and only look at one daily moving average. Simple and straightforward, hold on when above the line, and decisively sell when below, making complex market trends easy to manage with just one line. ✅ Step 3: Precise position management When the cryptocurrency price breaks above the daily moving average and the trading volume is also above the daily moving average, don’t hesitate, buy in full! This is the time to boldly seize the opportunity and maximize profits. ✅ Step 4: Reasonable selling timing This step has three small details that you must remember! 1. If the wave rise exceeds 40%, sell 1/3 of your position first, securing some profits while letting the rest run. 2. If the rise exceeds 80%, sell another 1/3 to continue locking in profits. 3. If it falls below the daily moving average, clear all positions, preserving your capital is key! And one more critical point! If the next day there’s an unexpected drop below the daily moving average, even if the probability is very low, decisively sell everything; never hold onto hope. Wait until it stands above the daily moving average again before re-entering~ I sincerely hope my experience can provide some inspiration for those feeling lost in the cryptocurrency world or wanting to change their lives 💡 Of course, investing has risks, so everyone must be cautious and prudent. If you have any questions or thoughts, feel free to leave a comment, and let’s exchange ideas! Who knows, maybe you’ll be the next one to make a comeback 💪
8 years of trading coins by myself, summarized into 16 pieces of experience!
1. Choose altcoins during bull markets and buy BTC during bear markets; this is my secret recipe! 2. Pay close attention to coins with increased volume at the bottom; this is a signal for a potential launch, don't miss it! 3. For coins in an upward trend, the best time to buy is when they pull back to important moving averages; remember to seize the opportunity! 4. Avoid frequent trading; making a few correct big trend decisions in a year is enough, as greed can lead to significant losses! 5. You must control your positions well; never go all-in, leave some room for yourself to handle market changes! 6. Don't average down on losing junk coins; cutting losses in time is a wise move, don't let yourself get deeper into trouble! 7. News can only serve as a reference; don't blindly follow the crowd to gamble, or you will bear the consequences! 8. Never touch unfamiliar coins; focus on the fields you are familiar with to ensure stable success! 9. Don't be swayed by market emotions; stay calm and rational to make the right decisions! 10. When altcoins rise significantly, they will surely fall; when they fall a lot, they may not necessarily rise. Choosing wisely is crucial, keep your eyes open! 11. When most people are optimistic, it is often when the risk arises; remember this and don't let yourself become the bag holder! 12. Learn to be in cash, wait for clear market signals before entering; this can help avoid unnecessary losses! 13. Don't follow the hype; trends often come quickly and leave quickly, don't get trapped! 14. Have your own trading system and strictly follow it; this will help maintain stable returns! 15. Investing is a long-distance race; maintaining a good mindset will help you smile until the end, don't let yourself give up halfway! 16. Investing doesn't guarantee profits; there's a high probability of losses, so try to invest with spare money. When investing with spare money, your mindset will be better, and your chances of winning will increase. Remember this, don't let yourself fall into trouble because of investing!