Insights on Trading Cryptocurrencies in Europe: How to Achieve Steady Success?

Three years of trading cryptocurrencies, from 10,000 to 10 million: sharing insights on how to achieve steady success.

Over the past three years, I turned an initial capital of 10,000 into 10 million, a journey full of challenges and experiences. Here are some key insights I've summarized, hoping to inspire everyone:

1. Capital management is the cornerstone of success

Divide your funds into five parts, using only one-fifth at a time, and set a strict stop-loss line—each trade should not exceed a 10% loss, and total capital loss should be controlled within 2%. Even if you make five consecutive mistakes, the total loss will only be 10%, but once you seize an opportunity, the profits often easily cover the losses.

2. Follow the trend, don't go against the flow

• Don't rush to catch the bottom during a decline; most of the time, it's a trap to lure buyers. Patiently wait for clearer signals.

• Don't rush to sell during an uptrend; this could be a “golden pit,” and buying low is often more stable and reliable than trying to catch the bottom.

3. Stay away from coins with short-term surges

Whether mainstream coins or altcoins, coins that continuously surge are rare, and most will fall into stagnation or even correction after a spike. Don’t hold onto the illusion of betting on miraculous high-position surges.

4. Make good use of technical indicators

• MACD is a practical tool: when the DIF line and DEA line cross upwards below the zero axis and break through it, consider buying; conversely, when they cross downwards above the zero axis, consider reducing your position.

• Have a principle for adding positions: never add to a losing position; only increase your position when you are in profit, otherwise, you may fall deeper into losses.

5. Trading volume is the soul of the coin market

• Pay attention to low-level volume breakthroughs, as this is an important market signal.

• Stick to trading coins in an upward trend, observing the 3-day, 30-day, 84-day, and 120-day moving averages; an upward turn often indicates a confirmed trend.

6. Review and strategy adjustment

After each trade, review the transaction, reassess the logic of your positions, and flexibly adjust your operational strategies based on the weekly K-line trends.