I have been speculating in cryptocurrencies for seven years, and I entered the market with 30,000 yuan. Now I support my family by speculating in cryptocurrencies. I have summarized my hard-earned experience.

Summary of experience in speculating in cryptocurrencies:

1. Divide the funds into 5 parts, and invest one-fifth each time. Set a stop loss of 10 points. If you make a mistake once, you will lose 2% of the total funds. If you make a mistake 5 times, you will lose 10%. If you are right, set a stop profit of more than 10 points to avoid being trapped.

2. Improve the winning rate by following the trend. The rebound of the downward trend is more tempting, and the decline of the upward trend is a golden pit. Bottom-picking and low-absorbing, the latter is easy to make money.

3. Don't touch the short-term skyrocketing currencies, it is difficult to have several waves of main rising waves. High-level stagflation is easy to fall, don't gamble.

4. Use MACD to determine the entry and exit points. The golden cross below the 0 axis and breaking through the 0 axis is a steady entry signal. The dead cross above the 0 axis is downward, which is a signal to reduce positions.

5. Don't cover your position when you are losing money, but add positions when you are profitable. Covering your position is easy to fall.

6. Volume and price indicators are important, and trading volume is the soul of currency buying. Pay attention to the breakthrough of low-level volume, and exit the market with high-level volume stagnation.

7. Only do upward trend currencies, the odds of winning are high and don't waste time. The 3-day line turns up for short-term growth, the 30-day line turns up for medium-term growth, the 84-day line turns up for the main rising wave, and the 120-day moving average turns up for long-term growth.

8. Adhere to the review, check the logic of holding coins, look at the weekly K-line trend, and adjust the trading strategy.