I have been trading coins for ten years, and in 2024 I turned 50,000 into over 5 million. After many trials and tribulations, these experiences... trading insights.
1. Divide your capital into 5 parts, only invest one-fifth each time! Control a 10% stop-loss; if you make a mistake once, you only lose 2% of your total capital; if you make a mistake 5 times, you lose only 10% of your total capital. If you are correct, set a take profit of over 10%. Do you think you will still get stuck?
2. How to further improve the win rate? Simply put, it's two words: go with the trend! In a downtrend, each rebound is a trap to entice buyers, while in an uptrend, each drop digs a golden pit! Do you think it's easier to make money by bottom fishing or by buying on dips?
3. Do not touch coins that have rapidly surged in the short term, whether mainstream or altcoins; very few coins can produce several waves of main rising trends. The logic is that it is quite difficult for coins that have surged in the short term to continue rising. When they stagnate at high levels and cannot push higher later, they will naturally fall—it's a simple principle, yet many still want to take a gamble.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA form a golden cross below the 0 axis and then break above it, that is a stable entry signal. When MACD forms a death cross above the 0 axis and moves downwards, it can be seen as a signal to reduce positions.
5. I don’t know who invented the term 'averaging down', but it has caused many retail investors to stumble and suffer great losses! Many people lose more and add more, and the more they add, the more they lose. This is the most taboo thing in trading; it puts you in a dead end. Remember to never average down during losses, but to add positions when you are in profit.
6. Volume and price indicators are paramount; trading volume is the soul of the crypto market. Pay attention to breakouts with increased volume at low price levels.
7. Only trade coins in an upward trend, as this maximizes the odds and saves time. If the 3-day moving average turns upwards, it indicates short-term growth; if the 30-day moving average turns upwards, it indicates mid-term growth; if the 84-day moving average turns upwards, it indicates a main rising trend; if the 120-day moving average turns upwards, it indicates long-term growth.
8. Insist on reviewing every session, checking if the holdings have changed, technically observing if the weekly K-line trend aligns with your judgment, and whether the direction has changed trend; timely review and adjust trading strategies.
If your losses in the early stages were due to not encountering me, that is fate; but now that you have seen my words and still don't come to me, that's your destiny!
The recently arranged divine order is about to start!!
Leave 999 in the comments to get on the bus!!
