Sharing experiences of achieving hundred-fold profits from 100,000 to 30 million in the cryptocurrency space!!
In this ocean filled with opportunities and challenges in the cryptocurrency market, some ride the waves while others face defeat. I am fortunate to have started with an initial capital of 100,000 in 2017 and, after 7 years of effort, achieved a hundred-fold profit of 30 million. Today, I am willing to share this valuable experience and insights with everyone, hoping to assist those who are also striving in this market.
1. The Three Steps to Successful Trading
Insight into Trends: In the digital currency market, trends are the key to determining success or failure. By examining charts of larger time frames such as 4-hour, daily, and weekly, we can clearly capture the market's upward, sideways, or downward trends. Remember, go long when the market is rising, go short when it is falling, and stay on the sidelines when it's sideways; this is the first step to stable trading.
Identify Key Levels: The market is like a bouncing ball; each jump has a starting point and an endpoint. Our goal is to enter at the starting point and exit at the endpoint, and precisely identifying these key levels is the key to achieving profits. These key levels often correspond to the market's main support and resistance levels.
Capture Entry Signals: After determining trends and key levels in larger time frames, we need to look for trading signals in smaller time frames to accurately seize the entry opportunity. Everyone has different trading strategies, but regardless of the strategy, it is essential to formulate quickly and execute strictly.
2. A Complete Trading Strategy
A successful trader must have a complete trading strategy. This includes:
Target: Clearly define the object of trading.
Position: Reasonably allocate funds to avoid heavy positions.
Direction: Accurately judge the market's bullish or bearish trend.
Entry Point: Look for entry signals near key levels.
Stop Loss: Set reasonable stop-loss points to control risks promptly.
Take Profit: After reaching the profit target, decisively close the position to lock in profits.
Countermeasures: Contingency plans for unexpected market situations.
Follow-up: Plans for subsequent operations after the trade ends.
3. Insights and Discipline in Cryptocurrency Trading
Do not chase highs: Always remain calm and do not blindly chase after price increases or panic sell.
Entry Point is King: Only the coins bought at the right entry points are good coins; patiently wait for major entry points to appear.
Mindset Determines Everything: Overcoming greed and fear, maintaining a stable mindset is key to successful trading.
