How patient are the top cryptocurrency traders? My mentor when I first entered the market spent 80% of his time waiting and 20% of his time operating. He made a 7-digit fortune in just three years. His method is simple and practical. He only makes one or two orders a month and enters the market when he sees the right opportunity. He spends more time fishing and playing with his kids.
I can catch several waves of market trends every year, and I have summarized these key points for making money.
Don’t cry if you didn’t get on the train! The secret to making money in the circle: Know yourself and follow the right people, that’s the way to get rich!
From an ordinary young man in a small town to a cryptocurrency player, the key to changing your destiny is not luck, but knowing yourself and finding the right "guide". Whether from childhood to adulthood, or from weak to strong, life is a process of continuous learning and advancement. In the cryptocurrency world, the turning point of fate is particularly rapid, but at the same time, opportunities are fleeting, and time and choice are the life and death line of wealth.
Why does your effort seem meaningless? Many people struggle in confusion but never see improvement. The core issues are just two:
First, you have not found a truly capable teacher.
Secondly, you were scammed.
Being scammed is not scary; the scary part is still spinning in an inefficient circle after being scammed, unable to even perceive the truth of being 'scammed'. Take the cryptocurrency circle as an example, every day there are people shouting about 'skyrocketing' new projects and new currencies, but the vast majority cannot distinguish between opportunities and traps. What you see may be doubled returns, but you are completely unaware of the big players' trading logic behind it.
From a nameless small town youth to a comeback in the cryptocurrency circle, my starting point is much lower than yours. I was born in a small rural town in the inland area, with extremely limited information. When I was young, my family didn't even have a computer, let alone any exposure to 'Bitcoin' or 'blockchain'. Until 10 years ago, my life took a turn.
At that time, I had already graduated from school for a few years, hanging out in some social circles in a small town, but I still had no direction. By chance, I saw an introduction to Ripple (XRP) online.
Making money in the cryptocurrency circle never relies on the word 'effort', but on information asymmetry and circle advantages. In this circle, time equals money, and your time value depends on the information your circle can provide.
Do you remember the ICO boom of 2017? At that time, ordinary people did not understand the significance of 'issuing coins', while those in the circle had already begun to layout, purchasing tokens at low prices in advance, waiting for ordinary people to flood in and sell for profits of dozens or even hundreds of times.
Those who earn a fortune are not necessarily smarter than you; they have access to information and are in a higher circle. And what about you? Still watching others show off their profits in social circles and not even understanding what happened.
The truth of high-end circles: They don't exclude you from playing; it's just that you don't qualify to join.
I dare say that 99% of ordinary cryptocurrency investors do not have a clear understanding of themselves. They think 'buy and wait for a surge' is the essence of investing. But have you ever thought about where this information comes from?
Top players in the cryptocurrency circle hold core resources. They have established their closed-loop ecosystems, like the early Bitcoin miner community, DeFi project development teams, and even some VC investors. The flow of information among them is something you cannot access.
So, while ordinary people are still discussing in groups 'should we buy the dip?', those in the circle have already locked in profits, quietly waiting for the next opportunity. You have not been 'cut vegetables' because you simply do not qualify to be one. You don't even have the ticket to enter the battlefield, so how can you talk about success?
How to make a comeback? Find truly capable people and get close to them with full effort.
The core of integrating into high-end circles is not money, but value exchange. If you cannot prove your value, then actively paying for learning and finding opportunities to get close to big players is the most practical approach.
Even today, I have achieved a certain level of financial freedom, but I will continue to invest in my circle. Spending tens of thousands of dollars each year to attend closed-door meetings and subscribe to top-tier analysis reports is the best investment for me.
Unveiling the secrets of the cryptocurrency circle: Operators' five major laws of cryptocurrency trading regarding risk control, steady progress, and precise market grasp.
In the cryptocurrency circle full of opportunities and challenges, a deep analysis of the five major laws of cryptocurrency trading regarding technical analysis is crucial. This includes not only precise judgment of market trends and in-depth understanding of technical indicators but also effective risk management across various aspects.
The five major laws of cryptocurrency trading are key knowledge that every operator should firmly grasp. Only by learning these laws and continuously enhancing their technical analysis skills and market insight can operators accurately grasp market trends in the complex and ever-changing cryptocurrency market and make wise investment decisions, opening the door to wealth growth. Operators must also remain vigilant, maintaining a steady mindset to cope with market fluctuations and ensure they walk steadily and further on the path to high returns.
Law One: Rapid rises and slow declines indicate accumulation.
The price rises rapidly and falls slowly, as traders accumulate positions in preparation for subsequent upward trends.
Law Two: Sharp drops and slow rises indicate selling.
Rapid declines and slow rises indicate that traders are offloading, and the market will enter a decline period.
Law Three: Top volume without volume technique
Volume at the top may still indicate momentum; there is no need to rush to sell. Without volume, momentum is exhausted; it is advisable to exit quickly to avoid risks.
Law Four: Bottom volume should be approached with caution.
Volume only at the bottom may indicate a pause in the decline, not suitable for buying; continuous volume with funds flowing in can be considered for a stealth entry.
Law Five: Market trading is about sentiment volume showing consensus.
Market trading is about trading market sentiment. Trading volume reflects market consensus and investor behavior patterns, dominating price fluctuations.
Success equals small losses plus various profits accumulated multiple times. It is simple to avoid large losses; survival is the first principle. When there is danger that hinders this principle, abandon all other principles. Operators must strictly adhere to this, regardless of gender.
Unity of knowledge and action (Cryptocurrency Circle Edition)
What is the unity of knowledge and action? I believe everyone has heard of Wang Yangming's book. The unity of knowledge and action means that what you think corresponds with your actions. By sincerely doing something, your chances of success will greatly increase. The same applies to the circle; earnestly learning step by step and using your conjectures to verify your thoughts can qualify you to become a true trader.
How can we achieve the unity of knowledge and action?
First: You need to understand that trading is probability and statistics. It is likely to happen, but there can still be random market reversals. What you can do is respect the randomness of the market's occurrence probability and not bet everything you have.
Secondly: You must have unwavering confidence in your technical analysis, make it your belief. Once a buy or sell signal appears, you must unconditionally obey and strictly execute it like a puppet.
Moreover: If you make a mistake, just execute your strategy in response, and when you reach your set stop-loss condition, implement it. For example, using bottom formation + bottom stop-loss strategies, once you do this, you can gradually achieve the unity of knowledge and action in trading.
The overall method for the 3-minute candlestick short-term contract trading strategy is like this. Other details and market feel can be understood through experience. Short-term trading is physically demanding; doing it for too long can be exhausting. However, high rises can occur from the ground up, and intraday short-term can transition to intraday wave trading; intraday waves can transition to weekly and monthly trading, following the same logic.
Practical techniques for trading: Intraday trading is primarily based on the 3-minute candlestick.
The practical techniques for intraday trading are as follows: First, choose the trading currency. Select trading varieties with good intraday volatility. For these varieties, minimize the external market's volatility while considering intraday trading costs. Some exchanges' intraday trading costs for certain currencies should be gradually eliminated.
1. Observe the cyclical performance of altcoins.
Cryptocurrency will be affected by every cycle phase. It is necessary to judge whether the overall market is rising, falling, or consolidating based on daily-level cycles and consider the main factors that logically evolve around this phase. These factors create support or resistance at certain price levels.
2. Choose an observation period for intraday trading.
There are 15 15-minute candlestick charts, 75 5-minute candlestick charts, and 8-hour candlestick charts. Each cryptocurrency has different closing times at night, and candlestick charts can be calculated using this method. Choose good entry points, control positions well, and sell at the appropriate points.
3. Cost line selection.
Prices are driven by capital transactions, so when intraday trends are generated, they tend to operate along certain trend lines, conforming to arrangements that minimize marginal costs.
4. Important candlestick assists in market trends
The patterns of candlesticks, especially the sunny or overcast 5-minute or 15-minute candlesticks, are worth studying. At the beginning, the trend needs this candlestick to establish itself, and you should intervene at the first opportunity based on your predictions.
5. Build positions in batches.
Every trade is just trial and error, which determines that going all-in may result in significant setbacks. Therefore, a phased approach is the best strategy. Based on the established position funds, a 1:2:1 strategy can be used. From experience, intraday contract trading is suitable for several candlestick time frames: 1-minute, 3-minute, and 5-minute.
1-minute candlestick: Commonly known as 'snatching hats'. This trading mode profits from extremely short trading opportunities, requiring traders to have no patience. Quick entry and exit. Generally, each profit does not come from a large amount, and the set stop-loss points are also few.
Generally suitable for low-fee or closing intraday trading. Additionally, in this trading mode, the transaction fee accounts for a large proportion of profit. It is important to note that some varieties' 1-minute candlesticks are not very active, and traders should try to avoid these.
3-minute candlestick: The 3-minute candlestick is used by many intraday traders during this time period, providing many trading opportunities every day. The price establishes a volatility range, and this range also has a certain trend to avoid some indicators becoming ineffective due to large fluctuations in the 1-minute candlestick.
This trading operation mode allows for setting a larger profit target with each trade, and the stop-loss range can also be appropriately widened.
5-minute candlestick: It can further stabilize operations based on the 3-minute candlestick. Although there are fewer trading opportunities daily compared to the 3-minute candlestick, once a trading formation appears, it tends to be more stable, and monitoring is not as exhausting as with the 3-minute candlestick.
The one-third rule is a capital management operation, dividing the account funds into three parts to prevent full position trading.
Capital is our lifeline, and we must ensure the safety of our lives.
The application of the one-third rule is to use one-third of the funds to build a position. If the direction is correct, we maintain one-third and do not chase positions midway, as chasing often increases risks.
The one-third rule can be broken down into six one-sixth rules or nine one-ninth rules, making operations more flexible.
The market is cruel, so we must hone our skills to survive! Success is not accidental, and opportunities are reserved for those who are prepared. If you are unsure about how to start in this market, just leave a message.
