After being in the cryptocurrency circle for so long, I feel more and more that a true master is not necessarily good at the technical level. The key is to follow the iron laws of the market.
First, "there is no top when it rises, and there is no bottom when it falls." Many people don't believe that Bitcoin can stand at $150,000 at all, because the real bull market has not yet arrived. For example, when Bitcoin reached 68,000 before, many people thought that was the bottom, but who would have thought that it could fall to 62,000, and even to 56,000. The market is so unpredictable.
Second, the proportion of funds for each transaction should not exceed 5%. Why is it more difficult to do with a smaller amount of funds? Real masters build positions in batches of 5%. Just think about it, how many opportunities for trial and error there are in this operation, and the cost can be controlled very low.
Third, "If you are afraid of heights, you will suffer." You should know that when the main force operates a currency, the cost is quite high. The publicity and promotion fees, chip fees, development fees, etc. are not something that can be solved by investing 20% - 50%. It often takes several times or even dozens of times the investment.
Fourth, the bull market is the only chance to turn over. You see how powerful Buffett is. If he catches up with the bear market, he will have to admit the loss, so he can only stay in the US stock market and stay in Omaha.
Fifth, technical indicators are lagging behind. This is why technical indicators can only be used as a reference and can never be used as the main basis for buying and selling. For example, when the market is rising strongly, those technical indicators look good, but in fact the price has risen very high. At this time, do you chase or not? Take the MACD indicator for example. It is a golden cross on the same day, but it is a dead cross the next day. This situation is too common.
Sixth, you must believe that you will eventually defeat the market. Which big boss is not full of confidence, who has not lost money, but they have never been defeated. If you don't even believe that you can make money, how can you really make money?
I myself rely on one trick - the EMV indicator in the illustrated volume strategy, to share with you my recent experience and feelings in the cryptocurrency circle. At the end of last year, I entered the market with 200,000 to play around, and now it has become 20 million, easily achieving a hundredfold profit.#BTC☀