I have been trading cryptocurrencies for ten years and made 30 million, because to change fate, one must try the cryptocurrency world.
If you can't make a fortune in the circle, ordinary people will have no opportunity in their lifetime.
I believe that excellent traders must be patient to endure prosperity!
5. The 'five poor, six absolute' phenomenon happens every year. According to cycle theory, how many months can one trade cryptocurrencies in a year?
"Five poor, six absolute, seven not necessarily turnaround," I have been in cash during May, June, July, and August every year.
After more than 10 years of experience in the market, one of my accounts has accumulated 30 bitcoins! The investment return rate for this account is also reaching
Without further ado, let's get straight to the point:
So when is the right time to enter the market for trading cryptocurrencies?
1. Enter the market at the end of September and clear the market by the end of November.
2. Enter the market before the Spring Festival and clear the market in April.
3. The execution of the above two iron rules does not, of course, include the cases where individual small-cap coin leaders are playing.
4. Next, learn how to find hundredfold coins, and combined with a bull market, it means getting rich.
Once you master these iron rules, you will establish yourself in the cryptocurrency world, and your trading career will leap like a cheat.
1: Price fluctuations are unpredictable, and mindset is king: Don't easily proclaim a peak during a rise, and don't assert a bottom during a fall. Just as whether Bitcoin can stand at 150,000 USD can only be revealed when the market goes crazy. What you think is the bottom may just be a brief stop; the real bottom is always unfathomable.
2: Build positions in batches; stability is king: Skilled traders never rush to succeed when building positions, controlling each buy and sell within one percent. This strategy allows them more opportunities to make mistakes, lower costs, and reduce risks.
3: Dare to chase highs; achieve the extraordinary: In the cryptocurrency world, fearing heights means a tough life. One must know that the cost for the main players in a cryptocurrency is far from what you imagine, including promotion fees, chip costs, development costs, etc.; these are several times, even dozens of times the investment. Therefore, daring to chase highs is essential to grasp real opportunities.
4: A bull market is a unique opportunity: a bull market is the only chance for a turnaround. Just like Buffett, no matter how smart he is, if he misses a bull market, he can only wait quietly in a bear market. Therefore, in the cryptocurrency world, seizing a bull market is seizing the key to wealth.
5: Technical indicators are for reference only: Technical indicators often exhibit lag, and they should only be used as references rather than the main basis for buying and selling. During strong upward trends, while technical indicators may perform well, the price is already high, so chasing after rises should be done with caution.
6: Full of confidence, unafraid of the market: True cryptocurrency trading experts are filled with confidence. They have experienced losses but have never been defeated. Because they firmly believe they will ultimately conquer the market, this belief is key to their success.
Five major entry principles: strict stop-loss, prohibit heavy positions, ensure good fund allocation, prohibit frequent trading, and control your mindset.
Once it suddenly drops while going sideways, it must be a small drop, and after the drop, it must rise.
Suddenly rising while going sideways must be a small rise; if it rises, it must fall.
Sideways trading is a state of bottom accumulation. There is a question that has not been mentioned before: why do operators prefer sideways states for accumulation? When operators start to accumulate at the bottom, due to continuous buying, market purchasing power rises, and the availability of chips decreases, leading to an inevitable rise in price. Therefore, once operators enter the market, the price no longer creates new lows; this statement is very important.
So why choose the sideways mode for accumulating chips?
1. Price fluctuations during sideways trading are minimal. Retail investors will automatically exit after a long time without profits, allowing them to quietly pick up cheap chips at the bottom. Even if you tell them these chips are cheap and that they won't see any profit for a year, can they endure it? Very few retail investors can.
2. The market has some short-term traders or speculative funds. To prevent these short-term traders from having opportunities for speculation, sideways trading is the most robust defensive formation.
3. Sideways trading without significant fluctuations makes it hard to attract retail investors' attention. Often, by the time you notice, the price has already hit the ceiling.
These are the advantages of sideways trading. After a period of sideways movement, when the operators have acquired a certain amount of chips, the sideways pattern will begin to shift into a fluctuation mode, which means oscillating up and down. The purpose is to shake off those uncertain chips. Once those uncertain chips are collected, the operator has also reached their collection target, and the next step is to rise.
So after going sideways, there will be fluctuations. If it fluctuates downwards, it cannot be a significant drop; breaking through the operator's cost price would be a major accident. Therefore, a sudden drop while going sideways must be a small drop, aimed at shaking off uncertain chips. The opposite is also true.
If the market is sideways for a while and suddenly rises, it indicates the initiation of a fluctuation washing signal. If it rises directly without fluctuation, it is illogical (unless it is speculative funds, striking once and leaving). The chips are in the hands of each holder; relying on the daily natural flow is simply insufficient. Only through fluctuations can the market be stirred, speeding up chip circulation and achieving the goal of quick accumulation.
If the market is sideways for a while and suddenly rises, it indicates the initiation of a fluctuation washing signal. If it rises directly without fluctuation, it is illogical. Even if it goes up, it should do so while oscillating. On one hand, this is to shake off following traders; on the other hand, it's to sell high and buy low. Of course, some operators will also adopt a model of first fluctuating and then going sideways, with the same purpose.
Sideways trading is for quietly collecting chips, while fluctuations are for further collecting uncertain chips.
In fact, sideways trading and fluctuations are mutually inclusive. Regular fluctuations within a range also belong to sideways trading. There is no absolute sideways trading; a line cannot just remain horizontal. Therefore, the concept of sideways trading is broad.
Seven rules summarized from over a decade of cryptocurrency trading experience:
1. The importance of defensive awareness: Becoming a trader with strong defensive awareness is a key transition that new traders must go through. Many novice traders are misled by a desire for quick success, hoping to make rapid profits, even harboring fantasies of 'getting rich overnight.' However, a more practical and feasible mindset should be: protect your funds to the maximum extent. Offense is the best defense, which in trading means only trading under favorable conditions, while protecting funds at other times and staying away from the market. In trading, maximizing the protection of funds is key to success.
2. Reduce excessive monitoring of charts: Frequently checking charts and constantly monitoring trades often adversely affects trading. Overly focusing on charts can lead to impulsive trades, such as increasing positions or exiting early. The simplest approach is to set up a trading plan and then forget about it. In trading, the less interference with operations, the better. Simply follow your plan.
3. Maintain the independence of trading: The result of the last trade should not affect the next one. Each trade is unique, and trading results are randomly distributed. Staying calm and not being influenced by short-term trading results is key to maintaining a stable mindset and achieving long-term success.
4. Simplifying trading strategies: Moderation is key in trading. A common mistake many traders make is overdoing it. Learn to be appropriately 'lazy.'
5. Have a clear exit plan before entering the market: One of the most important tasks before trading is to determine an exit plan. Establishing a strict profit-taking and stop-loss plan is the best approach. Such a plan can provide you with clear guidance, allowing you to stay calm and execute the plan regardless of whether you are in profit or loss.
6. Avoid worthless trading: Worthless trading refers to trades where the risk and profit are disproportionate, often occurring when traders are blindly and frequently trading. This type of trading often results in losses greater than profits, affecting traders' mindsets and even trapping them in a vicious cycle of losses.
7. Maintain a high level of discipline. High discipline plays a crucial role in trading in financial markets. It refers to traders following a series of clear rules and principles while trading to ensure effective risk management and achieve investment goals.
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