After six years of hard work in the cryptocurrency industry, I have invested 30,000 yuan and now I have achieved financial freedom. Here are some of my experiences.
Prevent being trapped: Divide the funds into five parts, invest one-fifth each time, and set a 10% stop loss. Even if you lose five times, the loss is only 10% of the total funds. If you make a profit, set a stop profit of more than 10%, so you don't have to worry about being trapped. Many people understand this principle, but it is not easy to implement it in practice, because you are fighting against yourself rather than the market.
Improve the winning rate: Avoid counter-trend operations and always follow the general trend. Don't chase short-term rebounds, pay attention to trend strategies. In a downward trend, rebounds are usually a trap, while pullbacks in an upward trend may bring opportunities. Which is more profitable, bottom-fishing or low-buying?
Choose currencies: Try to avoid currencies that have risen sharply in the short term. Currencies that have experienced several rounds of main rising waves are extremely rare, and the probability of rising again after a short-term surge is low, and they will naturally fall after stagnation at a high level. This principle is simple, but many people still have a fluke.
Indicator selection: Use practical technical indicators such as MACD, RSI and VPVR. MACD is suitable for judging the general trend, and you should not trust the golden cross signal easily; RSI is used to identify strong and weak signals and judge the time to enter or leave the market; VPVR observes support and resistance.
Be cautious in adding positions: It is a taboo to continuously add positions when you are losing money, and the result will only make up for the losses. Try to add positions when you are profitable, rather than when you are losing money.
Pay attention to the relationship between volume and price: pay attention to the large-volume breakthrough during low-level consolidation, and exit decisively when the high-level volume is stagnant.
Time frame analysis: pay attention to the trends of one hour, four hours, one day and one week. According to your own investment strategy, combine the general trend and the small trend to determine the best time to enter the market.
Regular review: review after each transaction, check whether the logic of holding coins has changed, whether the weekly K-line trend is consistent with the judgment, and adjust the strategy in time.
Pay less attention to the legend of getting rich overnight, and invest more time in learning and improvement. The key to success lies in patience and persistence, not blindly pursuing short-term interests.
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