The eternal profit rule in the crypto world: Did you make 2000 times your investment in two years of trading? 🔥🔥🔥
After two years of trading, I turned a principal of 50,000 into 20 million, during which I accumulated some trading insights:
1. Divide your capital into 5 parts, invest one-fifth each time, and set a 10% stop loss. If you make one mistake, you lose 2% of the total capital; only after 5 mistakes do you lose 10%. For profits, set a take profit of over 10% to reduce the risk of being trapped.
2. To increase your win rate, you must follow the trend. Rebounds in a downtrend are often traps, while pullbacks during an uptrend are often opportunities. It's better to buy on the way down than to try to catch the bottom.
3. Avoid coins that have surged in the short term; main upward waves are rare. After rising, they often lose steam and stagnate, then are likely to fall. Don’t hold onto false hopes.
4. Use MACD to determine timing: when the golden cross crosses above the 0 axis below it, enter the market; when the death cross appears above the 0 axis, reduce your position in time.
5. Do not average down on losses; that is a major taboo and will only lead to greater losses. Only add to your position when you are in profit.
6. Pay attention to volume and price indicators; watch for volume breakout during low consolidation, as trading volume is crucial.
7. Only trade in coins with an upward trend. A rising 3-day moving average indicates short-term opportunities, a rising 30-day moving average indicates a medium-term trend, a turning 84-day moving average indicates a main upward wave, and a rising 120-day moving average indicates a long-term bull market.
8. Review your trades after each round, check for any changes in holding logic or weekly K-line trends, and adjust your strategy accordingly.
As an experienced crypto investor, I freely share my experiences and insights. Interested in the crypto world but unsure where to start? Click on my profile to see the introduction and witness the moment of miracles together. $BNB $SOL $BTC #比特币冲向11万? #市场全线看牛? #BTC持续刷新高点 #BTC再创新高 #币安HODLer空投CAT、PENGU