I entered the crypto space with 3 million, made a profit of 10 million, then went into debt of 8 million, and finally made a profit of 20 million.
From December 23, 2021, to November 6, 2024, in three years, I took less than 500,000 and achieved a return rate of 418134.86%, making over 26 million. Here are some practical and useful advice for newcomers to the crypto space!
My trading method is very simple and practical; I reached an 8-digit figure in just one year, only trading one type of pattern, entering the market when I see an opportunity, and not trading without a pattern. I have maintained a win rate of over 90% for five years!
After much trial and error, I've summarized 8 iron rules. The content is not much, but highly valuable. If you think it’s unreasonable after reading, say whatever you like!
1. Divide your capital into 5 parts, only invest one-fifth each time! Control a stop loss of 10 points; if you make a mistake once, you'll only lose 2% of your total capital, and if you make 5 mistakes, you'll lose 10% of your total capital. If you're right, set a take profit of more than 10 points; do you think you'll still get trapped?
2. How to further improve the win rate? Simply put, it’s two words: go with the trend! In a downtrend, each rebound is a trap for buyers; in an uptrend, each dip creates a golden opportunity! Do you think it's easier to make money by bottom fishing or by buying on dips?
3. Do not touch coins that have rapidly surged in the short term, whether mainstream or altcoins; very few coins can make several waves of major upward movements. The logic is that it is difficult to continue rising after a short-term surge. When it stagnates at a high level and cannot rise further, it will naturally fall; this is a simple truth, yet many still wish to make a loss.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross upwards below the zero line and break through the zero line, it is a strong entry signal. When MACD forms a death cross above the zero line and moves downwards, it can be seen as a signal to reduce positions.
5. I don't know who invented the term 'averaging down,' but it has caused many retail investors to suffer huge losses! Many people keep adding to their losses, compounding their losses, which is the biggest taboo in trading. Remember to never average down when you're in the red, but to add to your position when you're in profit.
6. Volume and price indicators are paramount; trading volume is the soul of the market. Pay attention to volume breakthroughs at low levels during consolidation, and decisively exit when there is volume stagnation at high levels. This gives you the best odds and doesn’t waste time. When the 3-day moving average turns upwards, it indicates a short-term rise, while the 30-day moving average indicates a longer-term trend.
7. Only trade in an upward trend; when it turns upwards, it indicates a medium-term rise. When the 84-day moving average turns upwards, it indicates a major upward wave, and when the 120-day moving average turns upwards, it indicates a long-term rise!
8. Persist in reviewing weekly, check if your holding logic has changed, technically see if the weekly K line and trends align with your judgment, and if the direction shows a trend change, adjust your trading strategy in time!
As a seasoned trader, I understand how important it is to have a high win rate trading strategy in this uncertain market.
These days I am preparing for the launch of a great opportunity!!!
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Impermanence brings impermanence!
Important things are worth saying three times!!!
