Having traded in the cryptocurrency market for a few years, I have been a professional trader for 6 years. I have done long-term, short-term, ultra-short, and wave trading; I have tried almost every type of method.
Regarding this issue, I have a considerable say.
I have always said that mastering a skill requires the 10,000-hour rule+. With 8 hours a day and over 200 days a year for review, it takes about 5 years, and this is just the beginning.
The foundation for stable profits. There will definitely be big pitfalls within 10 years, so to be safe, do not invest more than your ability within 10 years.
Surroundings.
Many experts who have traded from tens of thousands to hundreds of millions simply used high-leverage contracts; as a result, many of them died in a bear market.
It is just that you do not know. Human nature often loses the ability to make correct judgments in the face of large trends.
Returning to the main topic, next I will share with everyone:
In the cryptocurrency market, it is difficult to change others, and it is also difficult to change oneself; but only by changing ourselves can we have hope!
It is difficult to change others, and it is also difficult to change oneself;
But only by changing ourselves can we have hope.
The financial market never has an if, only looks at the results!
If we cannot achieve results in trading in the cryptocurrency market, we must have done something wrong;
To be able to continuously achieve results, it must mean that something was done right, that’s all.
Our way of thinking affects our behavior every day, and our daily behavior brings about the final results.
Losing money is not scary. What is scary is failing to find the real reasons for the loss. We must make up our minds to change immediately, which can help us turn losses into profits.
Ignoring problems, avoiding problems, and not solving problems directly is the most terrifying thing.
Everything has a cause and effect; plant good seeds, reap good fruits; plant bad seeds, reap bad fruits.
Our current situation is entirely derived from every decision we made before.
Regardless of the outcome, whether good or bad, we must bear it. In the adult world, once a choice is made, even if it is wrong, we must walk through it on our knees.
When it comes to the final results corresponding to each person, can we accept and face them calmly?
In the world of adults, never pretend that the process is very hard, because the final result will not accompany us to act.
We must often learn to reflect and summarize. Keep refining what is good, change what is bad immediately, and given time, we will all improve.
of.
Trading in the cryptocurrency market is the same; we must abandon the mentality of taking chances, abandon the desire for quick riches or speculation, and abandon the limits of our abilities and understanding.
Every transaction outside.
Before each transaction, ask yourself whether you really understand it, whether you have a solid basis for making trading decisions, and whether you
Whether we have prepared strategies, established a risk control system, whether we can accept failure, etc.!
Clearly identifying our own abilities is an essential element for us as qualified investors.
As long as one wants to change, it is always the right time!
An instructor teaches you to learn to read naked candlesticks in 5 minutes, accurately judging buy and sell points!
Candlestick charts are also known as candle charts, Japanese lines, yin-yang lines, bar lines, etc. The common term is 'candlestick', originating from Japan during the Edo period in the 18th century.
The rice market trading from the Edo period (1603~1867) was used to calculate the daily rise and fall of rice prices. Because its marking method is unique, people call it
It has been introduced into price trend analysis and, after more than 300 years of development, has been widely applied to TD, futures, foreign exchange, options and other securities.
The virtual currency market.
The candlestick chart contains rich Eastern philosophical thoughts, reflecting the mutual transformation of the 'forces' of both bulls and bears through yin and yang.
Candlestick chart: A single candlestick records the price changes in the cryptocurrency market within a day. Arranging the daily candlesticks in chronological order forms a set of
the historical changes in price, it is called a candlestick chart.
Components of price levels: A candlestick is composed of four price levels: opening price, closing price, highest price, and lowest price. If the opening price is lower than the closing price, it is called a bullish candlestick.
Conversely, it is called a bearish candlestick. The rectangle in the middle is called the body, the thin line above the body is called the upper shadow, and the thin line below the body is called the lower shadow. Candlesticks can be divided
There are daily, weekly, and monthly candlesticks. In analysis software, minute and hourly candlesticks are also often used. Candlesticks are a unique market language.
Different shapes have different meanings.
Candlestick chart drawing method: using trading time as the horizontal axis and price as the vertical axis to continuously draw the daily candlesticks to form a candlestick chart.
In the candlestick chart, there are bullish and bearish candlesticks. Generally, a red candlestick represents a bullish candlestick, while a green candlestick represents a bearish candlestick. If the candlestick indicates
If the closing price during the time period is higher than the opening price, meaning the price has risen, the candlestick is drawn in red; conversely, it is drawn in black. If the opening price
If the opening price equals the closing price, it forms a doji.
So what does a candlestick chart look like, and how do we read candlestick charts? Please take a close look at the image below!
The highest level of trading cryptocurrencies is to hold coins, and only hold Bitcoin and Ethereum!
Just this one sentence, if you can really do it, I guarantee that you will profit in the cryptocurrency market without loss.
Bankruptcy, liquidation, exiting the market, and jumping off a building have nothing to do with you. Regardless of whether Bitcoin rises or falls in the short term, or how it fluctuates, you remain calm and unaffected.
Laugh at life.
Because you know that the essence of finance is the exchange of value across time and space, short-term profits and losses are not significant.
Unless you have washed your hands and entered the circle for many years, you have seen too many people who became rich quickly only to go bankrupt and get liquidated later!
You have seen too many speculators thinking they are different from others, too many traders thinking they are geniuses, thinking they are Wall Street
of the wolf+.
The result is that they end up losing everything...
Respect the market rules, respect human nature, respect the opponent. These three respects are my secrets to standing firm in the cryptocurrency market for eight years, and they are also what I want to share with everyone.
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