How patient can top cryptocurrency traders be? My mentor, when I just entered the market, spent 80% of the time waiting and 20% operating, and achieved a seven-figure income in just three years. The method is simple yet practical; making only one or two trades a month, entering the market only when the opportunity is right, and spending more time fishing or relaxing.
In a year, I catch only a few market waves, and I summarized these key points for making money.
Don't cry if you haven't boarded! The secret to making money in the circle: recognize yourself and follow the right people; that's the path to wealth!
From an ordinary small-town youth to a cryptocurrency player, the core of changing fate is not luck, but recognizing oneself and finding the right 'guide'. Whether from small to large or from weak to strong, life is a process of continuous learning and advancement. In the cryptocurrency world, the turning point of fate is particularly rapid, but likewise, opportunities are fleeting; time and choice are the lifelines of wealth.
Why does your effort seem meaningless? Many people struggle in confusion but see no improvement. The core issues are only two:
First, you have not found a truly formidable teacher.
Secondly, you have been scammed.
Being scammed is not scary; what is scary is still spinning in an inefficient circle after being scammed, unable to perceive even the truth of being 'scammed'. In the cryptocurrency world, every day there are people shouting about 'skyrocketing' new projects and new coins, but the vast majority cannot distinguish between opportunities and traps. What you see may be doubled returns, but you have no access to the trading logic of the big players behind it.
From an unknown small-town youth to a reversal in the cryptocurrency world, my starting point was much lower than yours. I was born in a small town in an inland rural area, where information was extremely closed off. When I was young, my family didn't even have a computer, let alone come into contact with 'Bitcoin' or 'blockchain'. Until ten years ago, my life welcomed a turning point.
At that time, I had already graduated from school for several years, mingling in social circles in a small town but always lacking direction. By chance, I saw an introduction about Ripple (XRP) online.
Making money in the cryptocurrency world never relies on the word 'effort'; it relies on information asymmetry and circle advantages. In this circle, time equals money, and the value of your time depends on the information provided by the circle you are in.
Do you remember the ICO boom in 2017? At that time, ordinary people did not understand the significance of 'issuing coins', while those in the circle had already begun to lay out, purchasing tokens at low prices in advance, waiting for ordinary people to flood in and then offloading for profits of dozens or even hundreds of times.
Those who earn a fortune are not necessarily smarter than you; they have obtained information and stand in a higher circle. And what about you? Still watching others show off their gains in your social circle, not even understanding what has happened.
The truth about high-end circles: they are not unwilling to include you; it is that you do not deserve to join.
I dare say that 99% of ordinary cryptocurrency investors do not have a clear understanding of themselves. They think that 'buying and waiting for a surge' is the essence of investing. But have you ever thought about where these messages come from?
Top players in the cryptocurrency world control core resources and have established their closed-loop ecosystems. Like the early Bitcoin miner community, DeFi project development teams, and even some VC investors, the flow of information among them is something you cannot access.
So, while ordinary people are still discussing in groups 'whether to buy the dip', people in the circle have already locked in profits, quietly waiting for the next opportunity. You have not been cut like chives because you do not even qualify to be chives. You don't even have a ticket to enter the battlefield, so how can you talk about success?
How to reverse the situation? Find truly capable people and get close to them wholeheartedly.
Integrating into high-end circles does not rely on money but on value exchange. If you cannot prove your value, then proactively paying for learning and seeking opportunities to get close to big players is the most practical way.
Even today, I have achieved a certain degree of financial freedom, but I will continue to invest in my circles. Spending tens of thousands of dollars each year to attend closed-door meetings and subscribing to top analytical reports is the most worthwhile investment for me.
Revealing the secrets of the cryptocurrency market: Operators' five laws of cryptocurrency trading focus on risk control and steady, precise market grasping.
In the cryptocurrency world filled with opportunities and challenges, deeply analyzing the five key laws of trading and technical analysis is crucial. This not only includes precise judgment of market trends and in-depth understanding of technical indicators but also effective risk management and other aspects.
The five key laws of trading in the cryptocurrency market are essential knowledge that every trader should firmly grasp. Only by continuously learning these laws and enhancing their technical analysis skills and market insights can traders accurately grasp market trends, make wise investment decisions, and open the door to wealth growth in the complex and ever-changing cryptocurrency market. Traders must also remain vigilant and maintain a stable mindset to cope with market fluctuations, ensuring they can walk further and more steadily on the path to high returns.
Law one: Rapid rise and slow fall indicate accumulation.
The price rises rapidly and falls slowly; the operator is collecting funds in preparation for the subsequent rise.
Law two: Rapid decline and slow rise indicate offloading strategy.
Rapid decline and slow rise indicate that the operator is offloading, and the market is entering a downturn.
Law three: Volume at the top indicates no volume strategy.
When there is volume at the top, the price may still have momentum, so there is no need to rush to sell; if there is no volume, the momentum is exhausted, and it is advisable to leave the market quickly to avoid risks.
Law four: Be cautious when there is volume at the bottom.
If the bottom shows volume only, it may indicate a pause in the decline and is not suitable for buying; continuous volume indicates capital inflow, and it may be considered to enter the market.
Law five: Trading sentiment is evident with volume.
Trading the market means trading market sentiment; trading volume reflects market consensus and investor behavior patterns, dominating cryptocurrency price fluctuations.
Success equals small losses plus various profits accumulated multiple times. Avoiding significant losses is quite simple; survival is the primary principle. When there is a danger that obstructs this principle, abandon all other principles. Traders must strictly abide by this, regardless of gender.
Unity of knowledge and action (cryptocurrency version).
What is the unity of knowledge and action? I believe everyone has heard of Wang Yangming's book; unity of knowledge and action means that one's thoughts and actions are consistent when doing something. This way, the success rate of doing something seriously will greatly increase, and it is the same in the cryptocurrency world. Seriously learning step by step and using one's guesses to verify one's ideas can qualify one to become a true trader.
How can one achieve unity of knowledge and action?
First, you must understand that trading is probability and statistics; it mostly happens, but there can still be random reversals. What you can do is respect the randomness of the market's occurrence probability and not bet everything.
Secondly, you must have unwavering faith in your technical analysis; it should become a belief. Once a buy or sell signal appears, you must unconditionally obey and strictly execute.
Moreover, if you make a mistake, your strategy is to respond well and execute when your set stop-loss conditions are reached. For example, using bottom division + bottom stop-loss strategies, if you can accomplish these, you can gradually achieve the unity of knowledge and action in trading.
The overall method of short-term contract trading using the 3-minute K-line strategy is as stated; the other details and market feeling are for you to comprehend. Short-term trading is physically demanding; doing it for long periods can be exhausting. However, starting from a high place can transition from intra-day short-term to intra-day wave trading, and intra-day waves can transition to weekly or monthly; the principle remains the same.
Trading practical techniques: Day trading mainly relies on the 3-minute K-line.
The practical techniques for day trading are as follows: First, choose the trading cryptocurrency. Select cryptocurrencies with good intra-day volatility. For these varieties, minimize the fluctuations of the peripheral market as much as possible while considering intra-day trading costs. Some exchanges have relatively high intra-day trading costs for certain cryptocurrencies and should be gradually eliminated.
1. Observing the periodic performance of altcoins.
Cryptocurrencies are influenced by each cycle stage. It is necessary to judge whether the overall market is rising, falling, or consolidating from a daily level cycle, thinking about the main factors that revolve around the logic of this stage, which produce support or pressure at certain price levels.
2. Choosing the observation period for day trading.
There are 15 15-minute K-line charts, 75 5-minute K-line charts, and 8 hourly K-line charts; the closing times for each cryptocurrency differ at night, and K-line charts can be calculated using this method. Choose good entry points, control your positions well, and sell at appropriate points.
3. Choosing the cost line.
Prices are driven by capital trading, so when intra-day trends are generated, a stock is discovered to run along a certain trend line, conforming to the arrangement of minimizing marginal costs.
4. Important K-line assistance trend.
The shape of the K-line, especially the sunny or gloomy conditions of the 5-minute or 15-minute charts, is worth studying. At the beginning, the trend needs this K-line for establishment, and we should intervene at the first moment based on predictions.
5. Staggered position building.
Every trade is just trial and error, which determines that putting all bets on a single trade may suffer significant losses. Therefore, a staggered attack is the best strategy, using a 1:2:1 strategy based on the predetermined capital. From experience, intra-day trading contracts are suitable for several time frames: 1-minute, 3-minute, and 5-minute K-lines.
1-minute chart: commonly known as 'snatching hats'. This trading method involves profiting from extremely short trading opportunities, requiring traders to have no patience. Quick entry and exit. Generally, each profit won't be too much, and the stop-loss points set during trading are also very few.
Generally suitable for low-fee or day trading. Additionally, in this trading method, the transaction fees account for a significant portion of profits; it is important to note that some varieties of the 1-minute K-line may not be very active, and traders should try to avoid these varieties.
3-minute chart: The 3-minute chart is used by many intra-day traders in this time frame, and there are many trading opportunities daily. The price is set within a fluctuation range, which also has a certain trend to avoid the situation where some indicators fail due to excessive fluctuations in the 1-minute chart.
This trading operation method allows for setting larger profit targets each time, and the stop-loss range can also be appropriately widened.
5-minute chart: This can further stabilize operations based on the 3-minute chart. Although daily trading opportunities are fewer than the 3-minute chart, once a trading pattern appears, it is relatively stable, and monitoring is not as tiring as the 3-minute chart.
The one-third method is a capital management operation, dividing the available capital into three parts to prevent full position trading.
Capital is our lifeline; we must ensure the safety of our lives.
The one-third method is to use one-third of the capital to build a position. If the direction is correct after building the position, we maintain one-third and do not chase after additional orders mid-way, as chasing orders often increases risk.
The one-third method can be decomposed into a one-sixth method, a one-ninth method, making operations more flexible.
The market is cruel, so we must hone our skills to survive! Success is not accidental; opportunities are also reserved for those who are prepared. If you have no idea how to start in this market, just leave a message.
