A friend in the crypto world, a Beijing guy, three years ago after a phone call told me he had blown up three contracts and was 60 million in debt, then went silent. It turns out he was in seclusion for three years, and now that his debts are cleared, he still has several small assets, with a monthly income in the seven figures and an annual income in the eight figures in the market!
Recently, when we met, I summarized the methods he learned over the past three years, organized them, and through the previous trading practice, the win rate actually reached 98%. Now sharing with those destined to receive it.
A common disease among retail investors worldwide: holding on to losses, selling as soon as they turn a small profit, ignoring trends, ignoring trading volume, only looking at limited account profits. You need to reverse your actions; when you profit, hold on; a slight loss means cutting off. The result is an infinitely large loss. My profit-taking and stop-loss principle is to take profits at 15% and stop-loss when profits drop to 10%. If it continues to rise, keep holding and let profits run. If it drops after purchase and losses exceed 5% of the principal, then stop-loss. If you can ensure a 10% profit-taking and a 5% stop-loss each time, then after 100 trades, even if your win rate is only 50%, your return will reach 300%. Is it difficult? The difficulty lies in human greed and fear. You must remember that the trend is king, and you should act in accordance with it. Once a trend forms, no need for much analysis; you must follow it. Follow the money flow, do not guess, do not predict, do not assume. If you cannot judge the trend, you look at moving averages. The so-called moving average divides the market into bulls and bears; bulls go up, bears go down. For short-term, you look at the daily moving average; if it breaks out with volume, you follow in. For medium to long-term trends, you look at the weekly moving average; if it breaks out with volume, you enter, and if it breaks down, you exit. Acting in accordance with the trend means not going against the trend. If the market is bad, you should firmly stay out. If the trend of the coin is down, do not easily try to catch the bottom. Do not fantasize that you can buy coins that will rise against the market, nor should you fantasize that buying will cause a rebound; the probability of this happening is too low. The core of trading coins is to only engage in high-probability events and give up on low-probability events. Being able to admit mistakes and control losses in a timely manner is fundamental for your survival in the market, and its importance far exceeds the inability to make profits today. No matter what method you use, mastering one is enough. You must use this method skillfully, absolutely, and thoroughly. For short-term trading, you must look at 15-minute - 30-minute - 1-hour candlestick charts. By using the KDJ indicator, you can find the entry and exit points of the day, and by using the OBV indicator, you can clearly judge the intentions of the main force. The most fundamental difference between a washout and distribution lies in volume reduction and increase. For a coin that is strongly attacking, if a risk warning announcement appears, it can be understood in the short term as 'just a volume contraction shock + it can at least expect new highs.'
These days, I am preparing for the launch of a godly trade!!!
Follow Emperor Brother, comment 168 to get on board!!!
Impermanence brings impermanence brings impermanence!!!
Important things said three times!!!
