A big shot who has earned 40 million yuan in the cryptocurrency circle in ten years tells you what to pay attention to in the cryptocurrency circle!
In fact, once you get the hang of cryptocurrency trading, life will be like enlightenment!
Ten years ago, when I first entered the cryptocurrency circle, like most retail investors, my losses and profits seemed to depend entirely on luck, and I couldn’t find any patterns.
But after being in the cryptocurrency circle for a few years, through constant learning and absorption, as well as constant sharing and guidance from my masters and seniors, I finally slowly opened up and formed my own investment system!
Today I will share my trading strategies and experience with friends in the cryptocurrency circle:
There is a dumbest way to trade cryptocurrencies, which will keep you making money forever
I started playing with 200,000 yuan at the end of last year, and now I have 20 million yuan, easily making a hundred times profit. The experience is summarized below for your reference!
It turns out that it is so easy to make money by trading. It only takes these three steps! Master them and easily increase your account by 10 times!
Step 1: Look at the trend first
Step 2: Find the key position again
Step 3: Find entry signals
Enter the market, make a profit, close the position, and leave
Isn’t it simple?
Let me explain it in more detail below.
Step 1: Look at the trend first
The state of a market, the market trend can be divided into three categories: rising, sideways, and falling.
What is a big market? Look at the period chart of more than 4 hours.
For example, 4 hours, daily, weekly (my personal habit is to look at the 4-hour chart)
Go long when the price goes up, go short when the price goes down, and don’t go short when the price goes sideways
Step 2: Find the key position
Whether the market is rising or falling, it will jump up or down like a bouncing ball.
What we need to do is to enter the market at the starting point and exit the market at the next landing point. How to find the precise step becomes the key #Bitcoin, which is what we call the key position (main support and resistance position)
Step 3: Find signals Generally, if you find the market in the big cycle, you should look for trading signals in the small cycle to enter the market#EthereumEveryone is good at different tactics, so it is enough to master one or two.
More importantly, a quick way to develop a trading strategy
A complete trading strategy includes
(1) Subject matter – what is being traded;
(2) Position – how much is held;
(3) Direction – long or short;
(4) Entry point - at what point to trade;
(5) Stop loss – when to exit a losing trade;
(6) Take profit – when to exit a profitable trade;
(7) Countermeasures - how to deal with emergencies;
(8) Follow-up operation: the operation after the transaction is completed.
The speculative concept of integrating cryptocurrency contract trading with futures market speculation
Why Market Trading Is Not a Science
In my opinion, a common misconception in today's capital market is to treat market transactions as the object of scientific research, attempting to control the entire trading activity through so-called rational technical analysis and fundamental analysis methods in order to achieve the goal of stable profits.
In fact, anyone who trades with this way of thinking, except for those who are lucky and may make some money, most of them are losing money, or even losing everything, and are eventually kicked out of the market.
According to the rules of the game of market transactions, if the 80/20 rule is used to explain the profit and loss of traders in the capital market, at least 80% of them will lose money, and only less than 20% will make money. After these years of market experience, I believe everyone must be very clear in their minds that the actual situation may be more serious than the 80/20 rule. Perhaps 80% of the less than 20% of traders who make money will eventually return the money they earn to the market.
According to my observation, the traders who lose money are basically the faithful believers of value analysis, fundamental analysis, or technical analysis. There are many highly educated professionals among them, including doctors and masters. Many of them are very smart and have worked hard, read countless books on trading, and done in-depth market research, but the final result is still failure.
Therefore, when we see this phenomenon, we are shocked and have to find the root cause. We start from actual transactions, carefully analyze and study traditional trading theories, carefully observe the thinking patterns and behavioral characteristics of failed and successful traders, and use Eastern and Western philosophical thoughts to explore the inner essence of market operation and trading behavior. The results of the research shocked us. In the end, we believe that it is those so-called traditional trading theories and trading techniques that have misled almost all traders, especially those so-called financial talents who have accepted Western economics education and cultivated by Wall Street. They are deeply harmed but do not know it.
In fact, in the field of financial capital trading, a common phenomenon is that the higher the education level, the worse the practical trading ability.
#PCE通胀降温 #USUAL走势分析 #加密市场回调 #比特币战略储备 #灰度SUI信托基金 $BTC