After ten years of trading, I endured three years of hardships but reaped seven years of rewards; this investment has now become my means of supporting my family. Throughout this journey, I have distilled six simple yet highly practical experiences, especially beneficial for beginners.
First, focus on strong trends. When trading, we should concentrate on those assets that are performing well. If you're unsure, look at the 60-day moving average: if it's above, enter the market or buy more; if it's below, quickly exit. This strategy is quite effective and works most of the time.
Second rule: never chase prices. If a coin suddenly rises by more than 50%, don’t rush to follow in; it’s easy to become flustered. Instead, buying at lower prices is safer, with less risk, and greater future profit potential.
Third, learn to recognize bullish signals. Before a significant rise, prices often fluctuate within a small range of about 10% to 20% with low trading volume. At this point, you can try buying slowly at lower prices; you might just catch the wave of the upward trend.
Fourth, closely follow new trends. When a new trend appears in the market, it is bound to be particularly hot in the first few days. At this time, following the big players usually allows you to earn easily.
Fifth, remain calm when a bear market arrives. If a bear market hits, you need to stay steady and ideally refrain from action for six months. During difficult market conditions, trade less and rest more; this is the hallmark of a trading expert.
Sixth, regularly review and adjust your strategy. Every week, look back at how you have operated; don’t just focus on how much you’ve made. It’s important to evaluate whether your strategy is correct. If it’s right, stick with it; if not, change it. After a few months, your trading strategy will surely become more reliable.
Finally, don't forget that success doesn't come from the sky; it belongs to those who are always prepared. The same applies to trading; as long as you are willing to learn, observe, and adjust, you can also become that prepared person.
There’s a method, the simplest one, that allows you to maintain ‘ever-gaining’ and earn 30 million!
In the crypto space, if you want to turn a small investment into a large one, the only method is to roll your positions!
Today, I share this method with those who are destined to hear it. If you also want to take a piece of the pie in the crypto space, take a few minutes to read carefully, then slowly absorb and practice until you form a stable profit system!
Having learned this simplest trading method, I now navigate the crypto space as if I have cheat codes, sailing smoothly due to my firm grasp of the following ten rules.
1. If a strong asset falls for nine consecutive days at high positions, make sure to follow up in a timely manner.
2. If any coin has risen for two consecutive days, be sure to reduce your position in a timely manner.
3. If any coin rises more than 7%, it still has a chance to rise the next day; you can continue to observe.
4. For strong bull coins, wait until the pullback ends before entering.
5. If any coin shows flat movement for three consecutive days, observe for another three days; if there’s no change, consider switching.
6. If any coin fails to recover its cost price from the previous day, exit in a timely manner.
7. On the gain list, if there are three, there must be five; if there are five, there must be seven. For coins that have risen for two consecutive days, buy on dips; the fifth day is usually a good selling point.
8. Volume and price indicators are crucial; trading volume is the soul of the crypto market. When the price breaks out at a low level, it needs attention; if it stagnates at a high level with increased volume, exit decisively.
9. Only choose coins that are in an upward trend for trading; this maximizes your chances and doesn't waste your time. If the 3-day moving average turns up, it's a sign of a short-term rise; if the 30-day moving average turns up, it indicates a medium-term rise. If the 80-day moving average turns up, it's a sign of a primary upward trend; if the 120-day moving average turns up, it's a long-term rise.
10. In the crypto space, small funds do not mean no opportunities. As long as you master the correct methods, maintain a rational mindset, strictly execute your strategies, and patiently wait for opportunities, you will find success.
You can also achieve a turnaround in wealth on this land full of opportunities. Remember, while the crypto space is good, risks are also high. Only by continuously learning, summarizing experiences, and constantly improving can you go further!
Basic Trading Skills! A must-read for crypto enthusiasts!
Trading cryptocurrencies is not as simple as you think. It is not just about buying low and selling high to make endless profits. A qualified trader must understand economics, track news hotspots, understand national policies, and care about international situations. They must study the fundamentals and technicals of virtual assets, and continuously battle their own fears and greed. You need to have a big heart, endure the ups and downs, and withstand temptations and hardships. It can be said that those who survive in the crypto space are generally resilient, incorruptible, and forged in fire.
Survival Laws of the Market:
If there's a significant drop in the morning, you can add to your position; if there's a significant rise in the morning, reduce your position; if there's a significant rise in the afternoon, just reduce your position; if there's a significant drop in the afternoon, buy the next day; do not sell when there's a drop in the morning; buy on dips T+0; do not chase prices during afternoon highs; reduce positions at highs T+1; for morning highs, look at 10 AM; for afternoon highs, look at 2 PM; sell at the highest point. If there's strong performance at 10 AM, hold; if there's weakness at 2 PM, control your position without taking risks; rolling operations are the best strategy.
Do not short in a bull market; do not long in a bear market; do not panic sell in a bull market; do not chase in a bear market.
1. Buying requires patience, selling requires determination, and holding requires confidence.
2. Buy on small dips during an uptrend; sell on small rises during a downtrend.
3. Buy in batches to avoid losses; buying all at once can lead to larger losses.
4. Support levels that are held too long will eventually break; resistance levels that are attacked too long will eventually fall.
5. Both short and long positions can make money; only the greedy lose.
6. Eat until you are 80% full; trade for an 80% profit.
Building Positions Using the 334 Method:
Full position 100%, first enter 30%, if it drops by 30% add another 30%, and if it drops another 30% add the last 40%.
When you have confidence in a coin, what you should do is gradually lower your average cost by buying in batches.
In today’s market environment, the possible situations are three: consolidation, rise, or fall.
We can only minimize our risk by continuously compressing and lowering costs to maximize profits during bull markets.
If the market consolidates next, use the 334 method to build your position. For coins you've been eyeing for a long time, once you see your ideal price, build a position of 30% and leave 70% for future operations, preparing for potential upward or downward movements.
If the market trend is downward, use the 334 method to build your position. For the coin you’ve been interested in for a long time, once you see your ideal price, build a position of 30%. If it falls by 30% later, add another 30% to lower your average cost. When it eventually rises, your profits will be greater. If it drops another 30%, add 40%. At this point, just wait quietly for the bull market to arrive.
If the market trend is upward, use the 334 method to build your position. For the coin you’ve been interested in for a long time, once you see your ideal price, build a position of 30%. After building your position, if it rises, enjoy that 30% profit; the remaining position can be used for other activities, ensuring stability. As long as your assets are consistently growing, you will surpass many investors. You will have sufficient space to navigate the three potential market scenarios, reducing risks significantly and allowing you to survive.
Three Principles for Profit:
Principle One: Strictly control your position to 50%. You can defend or attack. Never go fully invested; if you do, a significant drop can leave even the best in trouble.
Principle Two: Once a coin has risen 1-2 times, be sure to sell half first. After recouping your costs, use your profits to slowly play with the market makers. When you reach your desired price, gradually sell off. Keep 10% as a base to avoid missing out on opportunities given by strong market movements.
Principle Three: When the market is crazy and everyone is chasing prices, you must gradually and in stages sell off your holdings. Do not be superstitious about the numbers in your account; only the money in your pocket is truly yours. The account balance is just a string of numbers.
Finally: an extremely important point, do not follow the crowd. Many newcomers start trading and see people in groups saying to sell; if you don't sell, it will crash. This is the most foolish approach because many people either have no positions or are just trying to scare new traders into panic selling, leading you to sell at a loss. After you sell, those people buy at a lower price, making a profit while you lose. Trading advice from others is just that—advice; the key is your own judgment.
