I have been in the cryptocurrency circle for 10 years. In 2015, I entered the market with 300,000 yuan, and the highest amount reached more than 3 million yuan. At that moment, I thought I was a trading god. I resolutely quit my job and concentrated on cryptocurrency trading, even borrowing money to trade cryptocurrencies.
Looking back on my own experience in the cryptocurrency circle, it has also been full of ups and downs. From the initial 300,000 yuan to catching up with the bull market and making tens of millions, and now the bull market I have been waiting for has arrived. Next, I will summarize my experience and hope to give some help to friends in the cryptocurrency circle: revealing the practical skills of short-term cryptocurrency trading with ten times profit! Leading everyone to turn over the warehouse together, if you are still confused and have no idea how to start in this market, comment 333 and get on board!
Some people may say that short-term operation is speculation! First of all, I want to say that short-term operation is not speculation. The real short-term operation is an investment behavior that has mastered certain market operation rules and requires strong skills. Short-term operation actually tests a person's skills and patience. People who are proficient in short-term operation must have seen a lot of K-line charts, studied their trends, and summarized the general rules.
In addition to reflecting short-, medium- and long-term fluctuations, the most macro point of the candlestick chart is that it can tell you which projects have done a good job in market value management, and which projects have been unable to recover after being smashed, and are purely for profiteering. For example, we have mentioned many times before that there are many forked coins of BTC. In fact, except for BCH, the candlesticks of other forked coins are not worth reading. The candlesticks of these forked coins have been falling since the upper plate, with basically no fluctuations, like sitting on a slide and sliding down all the way, giving the leeks no chance to run away. From their candlestick charts, it can be seen that the dealers no longer have a large number of coins in their hands. These coins are concentrated in the hands of retail investors, so no one pulls the market, and basically they have become a legacy. Many leeks speculated on these coins, from short-term speculation to medium-term speculation, from medium-term speculation to long-term speculation, and from long-term speculation to legacy. In addition to being able to read K-line charts, we also need to abide by several major principles of short-term trading. The first is the profit retracement principle: when buying a currency, if you make more than 10% after buying it, we must start to implement the principal protection principle (if it falls to the purchase price later, sell it immediately and unconditionally). If you make about 20%, then you must stipulate that you must make at least 10% profit before selling. In order to maximize profits, when you make 20%, you must stipulate that you will not sell it until your profit drops to only 10%, unless you have the technology to be very sure of the stage high point, otherwise you will not sell it.
The second is the principle of capital protection: buy a certain currency, and after buying it, if you see a gradual loss of 15% (this number depends on the individual, 15% is the most suitable for redemption), you should cut your losses and leave the market. This is to stop the loss in time. If it rises again later, it’s okay. After all, it was because your entry point was wrong that time, and it was a wrong transaction. Mistakes must be paid for, and the price is loss. Only when you lose money will you remember it, and you won’t think about chasing it. In short, short-term operations should follow some basic principles, especially: fast in and out does not mean frequent entry and exit, chasing hot spots does not mean blind selection, taking profits does not mean being timid, waiting and watching does not mean staying away from the currency circle, and buying and selling points do not force the lowest price and the highest price.
Some strategies or things to note for short-term investment:
1. Position: Short-term positions do not need to be too large, accounting for a maximum of 10% of the total position, and the rest is placed in the long term or used to cover positions. After all, long-term positions are the basis for us to make money.
2. Currency: Although you are doing short-term trading, try not to touch currencies that you don’t understand. Prioritize those that you are familiar with and can understand. If it is a bear market, it is recommended to only touch mainstream currencies or even Bitcoin, because even if the stop loss of these currencies is not timely, being trapped and losing money is only temporary, but this is not necessarily the case with altcoins, and being trapped may be forever.
3. Time: My personal definition of short-term is half a month or even one month. Unless you can always watch the market or have relevant automated software, I do not recommend you to do any kind of band for a few hours. The specific short-term time depends on the market trend, ranging from a few days to ten days.
4. Take profit and stop loss: I found that the big losses in short-term trading are all due to untimely stop profit or stop loss, so when you participate in short-term trading, you must make a rough plan for taking profit and stop loss. This plan does not have to be very detailed, just have a general direction, and then adjust it according to market changes.
In addition to sharing some short-term trading techniques, I have also summarized some techniques for cryptocurrency trading, hoping to be helpful to all investors.
1. Be familiar with the technical analysis of various K-line charts.
2. Don’t go all in or all out in a short period of time.
3. Give yourself a military order and stop profits and losses in time.
4. Try not to operate during rapid rise and fall.
5. Don’t be too stressed and keep a balanced mindset.
6. Don’t read too many other people’s analyses, as everyone says something different. Price trends are already affected by many factors, and all predictions for the future are 50-50, half right and half wrong. Just believe in yourself.
7. Excessive speculation in cryptocurrencies will affect your health, but when a clear rise or fall in the market comes, you must use your wisdom to go long or short, so as to make money and earn cryptocurrencies. CCTV host Zhang Quanling said: One day in the crypto circle is equivalent to ten years in the Internet!
In 2018, the cryptocurrency industry created more wealth in one year than other industries in a hundred years or even a thousand years. This year, countless billionaires will be born! Because the blockchain technology industry is developing rapidly, 40 billion yuan of money pours into this industry every day, 400 billion yuan in 10 days, 400 billion yuan in 100 days, and 400 trillion yuan in 1,000 days. In other words, in the next 2 to 3 years, tens of trillions of money will pour into the cryptocurrency industry, forming a new global digital currency capital market, comparable to the stock market.
The first wave of people participating in the cryptocurrency circle now are just like the first wave of people participating in the stock market in the 1990s, and they are even crazier and want to make a lot of money. Because when you have made arrangements in advance and are at the forefront of the storm, when this huge amount of wealth pours in, it will unconsciously push you up and make you one of the rich.
Therefore, choice is more important than effort, and the trend cannot be stopped. Everyone needs to see this trend with wisdom. Wang Fuzhong, the "heavy gunner" of the future financial industry, once said: "Blockchain is the last chance for the poor!" As a coin circle, I also think so. Digital cryptocurrency is the last chance for grassroots to turn over. If you really miss it, it's useless to find a rope! The financial revolution that happens once in 500 years, let us embrace the blockchain with all our strength and enthusiasm. One day in the coin circle is ten years in the Internet! Healing in the coin and harvesting endless happiness and wealth, it's beautiful!
The magic order I have been preparing for these few days is about to be launched!!!
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