After ten years of struggles in the crypto world, my assets have finally surpassed nine figures. I have summarized my hard-earned experiences to share with everyone. 1. Capital Management: Carefully divide your capital into five parts, and only invest one-fifth for trading each time. Set a stop-loss of 10 points, so even if you make a wrong judgment, you will only lose 2% of your total capital. Even if you make five consecutive mistakes, you will only lose 10% of your total capital. Once you make a profit, set a take-profit of more than 10 points, which effectively avoids the risk of being trapped. 2. Follow the Trend: The key to increasing the success rate of trading is to follow the trend. In a downtrend, every rebound may be a trap; while in an uptrend, every pullback may be a golden buying opportunity. Compared to bottom-fishing, buying on dips is often easier to make money because the power of the trend is strong. 3. Avoid Buying High: Stay away from coins that have rapidly surged in a short time, whether they are mainstream or altcoins. Very few coins can experience multiple waves of a primary uptrend, and those that surge rapidly often face retracement pressure. When price stagnates at high levels, there is naturally a lack of upward momentum, making it easy to fall. 4. MACD Indicator: Use the MACD indicator to determine entry and exit points. When the DIF line and DEA form a golden cross below the 0 axis and break through the 0 axis, it is a strong buying signal. Conversely, when the MACD forms a dead cross above the 0 axis and moves downward, it can be seen as a signal to reduce positions. 5. Refuse to Average Down: Averaging down is a major taboo in crypto trading. Many people keep adding to their losses, resulting in even greater losses. Remember, never average down when you're at a loss; instead, add to your position when you are in profit at the right time. 6. Volume and Price Analysis: Trading volume is the soul of the crypto market. Pay close attention to volume breakouts when the price is consolidating at low levels; conversely, decisively exit when there is a volume stagnation at high levels. 7. Trend Trading: Only trade coins in an uptrend, as this offers the highest chances of success and saves time. By observing the trends of the 3-day, 30-day, 84-day, and 120-day moving averages, you can determine the trends for short-term, medium-term, primary uptrends, and long-term increases. 8. Persist in Reviewing Trades: After each trade, persist in reviewing to check if the logic for holding coins has changed, whether the weekly K-line trend aligns with your judgment, and if the direction has changed trend. Timely reviews and adjustments to trading strategies are key to sustainable profits. #巨鲸动向 #币安投票上币
Today's homework: 1. Privasea Binance led the investment of 5 million US dollars, mint an NFT, and receive early bird rewards: 1) Search for ImHuman on Apple or Android and install it on your phone 2) Enter the invitation code to register: AHbz66B 3) Transfer 0.03sol and complete face verification, mint an early bird NFT
2. New activities are available in the Lighthouse. You can open boxes and get up to 1,000 arb tokens: https://nfq.thebeacon.gg/?referral=0xXiguaa
3. Galaxy Mission by 0Glabs: https://app.galxe.com/quest/0Glabs/GCet3tduMu?referral_code=GRFr2JmjOym7Uv2uZt0aZHIn1Z_gsFL4g_xxPnTDKPgd8g3
The tasks in this phase are similar to the first phase, mainly staking, and the operation is also very simple. The cost of the previous phase was about 10U, and then about 70U of tokens were airdropped, which is enough for a hot pot meal. It is still very good for those with small funds who want to get free stuff. #MegadropLista #ListaDAO This time the cost is also around 10U, let’s quickly start the tutorial! 1) You need to hold more than 0.012 BNB (BSC chain) in your Binance Web3 wallet If not, you can buy it in the spot of your Binance account and then transfer it.
2) Once you have more than 0.012 BNB, you can see Lista's activities on the Web3 wallet homepage. Click to enter
How to make steady profits without losing money in the currency circle
I have been working hard in the currency circle for almost 5 years, during which I have made profits and losses. I have done everything from ico to Dogecoin and mining, and have gone through three rounds of bulls and bears. Summarizing my countless operations, in the end, there is only one way to make money steadily. That is simple and crude: Buy in the bear market, sell in the bull market, and make sure you make a profit without losing money.
Bull markets generally last for 6 months to 1 year, and bear markets generally last for 1 to 2 years. A bull-bear cycle lasts for 3 to 4 years. Seize the opportunity and earn at least 50%+ returns in every bull market, which is enough to outperform the returns of all types of financial management, stocks, and funds. Because this 50%+ income can definitely be earned, there is no suspense.
1. Only deploy in bear markets You must be patient and try your best to buy at the bottom of a bear market (although it is impossible to buy at the bottom of a real bear market). The conditions for judging the bottom of a bear market are simply that no one pays attention to Bitcoin anymore. When the currency circle is lifeless, you can buy multiple times intermittently. , this period may last for 1 year or even longer.
2. Mainstream coins BTC and ETH will always be the kings of the currency circle, and buying in a bear market is absolutely correct. Although it cannot rise exponentially, if you buy in the bear market and hold until you sell in the bull market, an increase of more than 50% will definitely occur. The first choice for big funds. Exchange platform currency: such as BNB Relatively strong basic chains: such as SOL, AVAX Good infrastructure coins: such as MATIC Strong consensus coins: such as doge, SHIB RATS PEPE
You can only be heavily stocked in mainstream currencies, and never be heavily stocked in altcoins. The logic of altcoins is to cut leeks, and many types of altcoins will be born in every bull market. The altcoins that are soaring in this bull market may become completely silent in the next bull market. Overshadowed by the high shine of new altcoins. Without inside channels and information, it is almost impossible to bet on an altcoin and buy it before it explodes. Usually, you only learn about the existence of a certain altcoin after seeing its skyrocketing price. At this time, it is already too late to follow up. Maybe if you are lucky, the currency will continue to rise, but there is a high probability that it will fluctuate and fall. Altcoins fluctuate too much, and ordinary people cannot hold on to them regardless of whether they rise or fall. It is often a small profit and a big loss. In the end, it's all a loss.
3. Sell in the middle of the bull market and do no more operations later. In the early stages of the bull market, BTC will slowly rise, outperforming others, and drive ETH to rise.At this time, some good mainstream coins followed suit, other coins rose slowly, a few altcoins surged wildly, and most altcoins had no movement. In the middle of the bull market, BTC and ETH fluctuated and rose, mainstream currencies began to rise, and altcoins began to take off. In the late bull market, BTC fluctuated and fell, ETH may continue to rise, mainstream currencies have surged one after another, and the high-profile altcoins of the second round of bull market have surged several times, even dozens or hundreds of times. At the end of the bull market, BTC fell by thousands or even tens of thousands of points, and then recovered slightly. The first plunge recovered quickly, giving people the illusion that it was just an adjustment. After two or three such declines, the bull market is over. If you are caught at this time, please stop having any illusions and stop your losses in time. Otherwise, the principal will be dragged into the bottomless abyss.
4. Don’t bet on luck in a bull market There are many opportunities in the bull market, especially in the middle and late stages of the bull market. Altcoins are flying around, and many altcoins have skyrocketed many times, which makes people jealous. People can impatiently follow up or choose some promising altcoins that have not exploded yet, and they can confidently wait for their surge. It's best not to have this kind of mentality. It's just gambling on luck. It's no different from gambling and has nothing to do with investing. In every bull market, many altcoins are born. These altcoins have great gimmicks, their backgrounds look strong, and their rise is very strong. Please resist the temptation, you will only find out who is swimming naked when the tide goes out. When BTC plummets and the bear market comes, these altcoins will be cut in half, cut off, or even close to zero. If you really can't resist the temptation, you can only follow up and play with a very small amount of money. Even if you make a small profit, you must not go into heavy positions when your head is hot. Never, never, never. This is gambling, and you can't always be lucky in gambling. I am not afraid that you will make a hundred times, but I am afraid that if you lose only once, you will lose all your capital. Don't fantasize about investing heavily in an altcoin and getting rich suddenly. This is just like buying lottery tickets and fantasizing about winning the jackpot. It is a super-low probability event. It’s okay to treat a small amount of money as entertainment, but it’s totally wrong to treat it as an investment.
5. Be more patient and less impulsive. After buying in the bear market, you need to wait patiently until you sell in the bull market. Do not operate on the rise or fall during the period. You need to be patient during the waiting period. After selling in a bull market, wait patiently for the bull market to collapse into a bear market.This may take a year or two. Don't be impulsive and buy the bottom at the mountainside. Be patient and wait for the moment when you hit the bottom. After making money by selling in the bull market, don’t be tempted to play altcoins impulsively. If you really want to take a gamble, you can only use up to 10% of your funds.
6. Principal is always the most important If you accidentally get caught by random operations, the most important thing is to protect your principal as much as possible. When the currency market collapses, you are willing to cut your losses and stop losses in time to save most of your principal and the basic market. There is still hope for a comeback. Wait patiently for the currency market to fall into the abyss, and use the remaining principal to buy the bottom. Don't be trapped and die with the collapse of the currency circle. Many times you buy the trapped currency and sell it before the currency circle collapses, losing up to 50% of your principal. If you ignore it, let it fall, and hold on to the end. When the currency falls to the bottom along with the currency circle, there is almost no possibility of starting over with the remaining principal.