I have been in the cryptocurrency industry for 10 years now. In the first three years, I lost more than 700,000 yuan of my 1 million yuan capital! My whole family was almost on the verge of collapse. I didn’t leave the house for nearly 2 months. Fortunately, I was determined enough at the time and felt that I could make it back! In the fourth year, I used the remaining 300,000 yuan to turn things around and started to trade in cryptocurrencies!
If I don’t make the money back, what will happen! ... Later, I started to devote myself to it, summarizing the mistakes I made before, summarizing the mistakes in my operations, and observing the ideas and skills of the big guys in the cryptocurrency circle. Finally, I started to stabilize. It’s really not easy to turn losses into profits!
The account started to turn red, and the combination of medium and short-term operations was no longer blindly fast in and fast out, but to plan the account well. The combination of medium and short-term operations is the best compound interest! Later, I used the remaining 300,000 to make more than 45.7 million now!
If you do not plan to leave the cryptocurrency circle in the next three years and are determined to make cryptocurrency trading your second career, you must read these 10 iron rules. They are all practical tips for making a living by cryptocurrency trading. I suggest you save them!
If you understand these 10 rules, you can also earn the little sun you want in the cryptocurrency circle like me!
1. Never buy coins when the price is high. You should have the mentality that no matter how much the price increases, it has nothing to do with you. Just pretend that the coin does not exist.
2. There are two types of coins. Coins at the buying point are good coins, and coins that are not at the buying point are junk coins. Coins at the large-scale buying point are the best blue-chip coins. Be patient and wait for the coins that you have built positions at the large level to become real blue-chip stocks. This is the correct mentality.
3. In fact, the mentality is the most important thing when speculating in cryptocurrencies. Many people know clearly that it is not a good time to buy, but they just can’t help but buy. This is a problem with the mentality. If you don’t solve this problem, it’s useless to learn any theory.
4. Keep a steady mindset, don’t have any feelings for any currency or price points, just look at the signals given by the market, and have feelings for the buying and selling points.
5. Don’t look for the market as the reason for operational errors, only look for your own reasons. Every mistake must be summarized immediately.
6. A mentality without technical support is a stupid mentality, and there is no reaction. Only insight guided by wisdom can ensure a good mentality.
7. Why can't you be like a wolf? It has nothing to do with the amount of money. As long as you can buy at the buy point and sell at the sell point, you are the best.
8. Be calm when operating. If you have money, you can have everything. Don’t be afraid of not being able to find a good currency.
9. In the market, any luck is only temporary, and the market will give you back double. Facing the market, you cannot beat the market without radically changing yourself.
The mentality of being anxious to make money is a taboo for cryptocurrency traders. If you can't even control your own heart, your greed and desire, you can't succeed in the market for a long time. The vast majority of investors are destined to be fooled by the market. Those who are fooled are trapped in the market and confuse themselves.
All operations of these people are divided into two types: long and short. When they hold the currency, their thoughts are controlled by long, and vice versa, they are controlled by short. This is how market sentiment is accumulated and guided. If you can't get rid of this state, you will never become a real market participant.
What is the secret to making big money by trading cryptocurrencies?
What is the secret? Obviously, the secret is to seize the big and let go of the small. Give up all the small opportunities and focus on the trend, the orders that can bring you big profits. Trading is not like farming, it is not that the more you work, the more you get. It is not wise to make money every day by opening orders every day. Many people think that only operations can make money. In fact, the key to making money is not to operate, but to wait patiently. After opening a position, if there is a profit, hold it patiently. Operation can bring the pleasure of feedback, but waiting is very anti-human.
80% of the market conditions are shocking and make people feel good, but making people feel good will definitely not make them earn money, at least a lot of money.
It is painful to follow the trend because the trend does not last long, but the trend is the only way for ordinary people to get rich quickly.
If you develop the habit of short-sightedness, you can basically say goodbye to making big money.
What the experts practice is the ability of not doing. What does it mean to not do?
If you don’t understand, don’t do it. Even if you understand, there are still some things that are not suitable for you to do.
For example, the stop loss space is too large, the profit space is too small, and there is pressure to break after a sharp rise.
Under the standards, there are priorities, and one must also be willing to give up.
So when you cut off the beginning and the end and do all the math, there is very little that can actually be done.
There are fewer and fewer experts, while there are more and more idiots. It’s not because the experts are so skilled, but because they are not in a hurry to make money and use unlimited opportunities to exchange for a bigger space.
Make a deal
1. To seize the big trend.
2. Seizing the trend and increasing positions with low floating profits is the most suitable approach for ordinary people.
3. There must be a stop loss when opening a position.
4. There are three situations for using rolling positions: choosing the direction of a new low in long-term volatility; breaking through the resistance support at the weekly and monthly levels; and bottom fishing during a big drop in the bull market.
5. Markets are boring most of the time.
6. Earn money and cash it out quickly to buy a house.
Notice
1. To identify the trend, look at the long-term lines, weekly and daily lines, not the short-term lines.
2. Low leverage, Tony can only open - times, at most 2 times leverage.
3. Wait, wait patiently for the opportunity to appear.
4. Cultivate yourself! Trading is often anti-human.
Growing up is a painful thing. No one can replace it, you have to do it yourself.
The above are some of Vitalik’s own views and insights. If you think they are helpful, you can like and collect them. I am Qingtian, a person who has experienced three rounds of bull and bear markets, good at logical stock selection and technical timing. I only trade within my cognitive range, and each direction has been confirmed by the market!
