I lost money in the first two years of cryptocurrency trading, but I made a profit in the next five years! I have summarized 8 iron rules through hard work. There is not much content, but it is very valuable. If you think it doesn’t make sense after reading it, you can say whatever you want to me!
1. Divide your funds into 5 parts, and only invest one-fifth each time! Control the stop loss of 10 points. If you make a mistake once, you will only lose 2% of the total funds. If you make a mistake 5 times, you will lose 10% of the total funds. If you are right, set a stop profit of more than 10 points. Do you think you will be trapped?
2. How to improve the winning rate again? In short, there are two words, follow the trend! Every rebound in the downward trend is tempting to buy more, and every decline in the upward trend creates a golden pit! Do you think it is easier to make money by bottom-fishing or by buying low?
3. Don’t touch individual coins that have skyrocketed in the short term. Whether it is mainstream or copycat, there are very few coins that can go through several waves of main rising waves. His logic is that it is difficult to continue to rise after a short-term surge. When the high-level stagflation is not able to pull in the later stage, it will naturally fall. It is a very simple truth, but many people still want to gamble.
4. MACD can be used to determine the entry and exit points. If the DIF line and DEA form a golden cross below the 0 axis and break through the 0 axis, it is a steady entry signal. When MACD forms a dead cross above the 0 axis and runs downward, it can be regarded as a signal to reduce positions.
5. I don’t know who invented the term "covering positions", which has caused many retail investors to fall and suffer heavy losses! Many people make up more and more as they lose more, and the more they make up, the more they lose. This is the most taboo in currency speculation, which puts themselves in a dead end. Remember never to cover positions when you are losing, but to increase positions when you are profitable.
6. Volume and price indicators are the first to bear the brunt, and trading volume is the soul of the currency circle. Pay attention to the large-volume breakthrough of the currency price at the low level of consolidation, and exit decisively when the high level shows large-volume stagnation.
7. Only do currencies with an upward trend, so that the chances of winning are the greatest and time is not wasted. The 3-day line turns upward, which means short-term rise; the 30-day line turns upward, which means medium-term rise; the 84-day line turns upward, which means the main rising wave rise; the 120-day moving average turns upward, which means long-term rise!
8. Adhere to weekly review, check whether the logic of holding coins has changed, technically check whether the weekly K-line trend is consistent with the judgment, whether the direction has changed, and adjust the trading strategy in time!
As an investor who has been working in the currency circle for many years, I am willing to share my experience and insights with you.If you are interested in the cryptocurrency world but don't know where to start, you might as well follow my homepage and discuss the mysteries of the cryptocurrency world and future possibilities with me. Click on the avatar to find me.