Sharing Experience of Hundredfold Profit in the Crypto World from 200,000 to 20,000,000!!
In this ocean of opportunities and challenges in the crypto space, some ride the waves while others sink. I am fortunate to have started with 200,000 at the end of last year, and through a year of effort, I achieved a hundredfold profit of 20,000,000. Today, I am willing to share this valuable experience and insights with everyone, hoping to assist those who are also striving in this market.
1. The Three Steps to Successful Trading
Insight into Trends: In the digital currency market, trends are the key to determining victory or defeat. By looking at charts of larger time frames such as 4 hours, daily, or weekly, we can clearly capture the market's upward, sideways, or downward trends. Remember, go long when the market is rising, go short when it's falling, and stay on the sidelines during sideways movements; this is the first step to stable trading.
Finding Key Levels: The market is like a bouncing ball; each jump has a take-off point and a landing point. Our goal is to enter at the take-off point and exit at the landing point. Accurately finding these key levels is crucial for achieving profit. These key levels often represent the main support and resistance levels in the market.
Capturing Entry Signals: After determining the trend and key levels in the larger time frames, we need to look for trading signals in smaller time frames to accurately grasp the entry timing. Everyone has different trading strategies they excel at, but regardless of the strategy, it is necessary to quickly formulate and strictly execute it.
2. Complete Trading Strategy
A successful trader must have a complete trading strategy. This includes:
Targets: Clearly define the objects of trading.
Position: Allocate funds reasonably to avoid heavy positions.
Direction: Accurately judge the bullish or bearish trends in the market.
Entry Point: Look for entry signals near key levels.
Stop Loss: Set reasonable stop-loss points and execute timely stop-losses to control risk.
Take Profit: Be decisive in closing positions once profit targets are reached to lock in profits.
Countermeasures: Plans to deal with unexpected market situations.
Follow-up: Plans for subsequent actions after trades are concluded.
3. Insights on Trading and Discipline
Do Not Chase Highs: Always remain calm and avoid blindly chasing spikes and panicking.
Entry Point is King: Only coins bought at good entry points are good coins; patiently wait for major buying points to appear.
Mindset Determines Everything: Overcome greed and fear; maintaining a stable mindset is key to trading success.