I, born in the 1990s, have been speculating in cryptocurrencies for 7 years. I entered the crypto industry between 2016 and 2018, and once lost all the hard-earned money of more than 1 million yuan that my parents had saved in one week😱
Then I borrowed 500,000 yuan from relatives and friends to speculate, but I lost all of it and paid the tuition to the market. The total loss was 1.5 million yuan.
I almost collapsed instantly, and my wife and children frequently quarreled with me because of this matter, and even asked for divorce. Under heavy pressure, I wanted to jump off the building several times. Fortunately, I was determined and believed that I could make it back.
After a year of rest, I resigned and fought again, and swore a poisonous oath to my wife. I devoted myself to reviewing mistakes and figuring out the skills of masters, and my account finally turned red. Combining medium and short-term, planning funds, and no longer blindly entering and exiting. Later, I borrowed 200,000 yuan without telling my wife, and made 47 million yuan from 500,000 yuan in 8 years. My wife's attitude changed drastically and she obeyed me in everything.
I hope you will remember these tips in the cryptocurrency circle:
1. Sideways rules: sideways for a long time, the rise is high; shock absorption is divided into strong and weak, and wash-out ups and downs are the norm.
2. Ups and downs signals: sideways sudden drop must be small, and will rise later; sideways sudden rise mostly small rise, then fall.
3. High and low judgment: if there is no new low, it will rise quickly, and the main force will enter the market; if there is no new high, the dealer will withdraw, and the situation is not good.
4. Volume key: if there is a sesame point in volume, the low position will rise sharply, and the high position will fall sharply.
5. Secondary operation of ups and downs: rise to the head and then drop shallowly, then touch the foot to absorb chips.
Trading pit avoidance rules:
1. Don't retaliate: don't look at the market 24 hours after stop loss, control your emotions, and avoid expanding losses.
2. Less trading on weekends: weekends have large fluctuations and small volumes, whales can easily control prices, and retail investors are at a disadvantage, so take the opportunity to rest.
3. Fixed trading hours: set the time, open orders and set stop-profit and stop-loss, don't stare at the market all the time, and balance your life.
4. Don't be emotional about assets: don't mix emotions in trading, avoid making mistakes, especially in short-term trading.
5. Keep the rules simple: trade when you see the K-line pattern that fits your system, and do a good job of stop-loss and position control.
6. Mentality is paramount: don't trade when you are angry, tired, or stressed, and cultivate a good mentality through daily fitness, reading, and socializing.
Recently, I have set my sights on a potential project #puppies , which is expected to double in the short term!
