I have been trading cryptocurrencies for 7 years, invested 100,000 in the market, and now I support my family through trading. Here are my hard-earned experiences: First: Do not worry about how long you hold, but focus on whether the market has reached its peak. Second: When the price rises, if you are solely focused on pursuing higher profits and are reluctant to sell your holdings at a high price, the result of greed is often "missing the opportunity." Third: Take profits when you can, and maintain your gains; it requires wisdom and patience. Fourth: Sell when everyone on the street is talking about "blockchain." Fifth: Any greedy investor who sees a significant rise will inevitably regret not buying in when the price was low, or buying too little. Meanwhile, the main traders take advantage of the retail investors' itchy buying psychology to drive up prices and sell off.
First: Don’t worry about the length of holding time, but pay attention to whether the market has reached its peak.
Second: When the price of the currency rises, if you are obsessed with pursuing higher profits and are reluctant to sell the currency you hold at a high price, the result of greed is often "missing opportunities."
Third: Stop when you are ahead, and keep the results. It takes wit and patience.
Fourth: Sell when everyone on the street is talking about "blockchain".
Fifth: Any greedy investor will regret not buying at a low price or buying too little when seeing a big rise. The main speculators are taking advantage of the psychology of retail investors who are eager to see the rise and pull up shipments.
Such words are often heard in the market, "If I had done this earlier, I would have lost less money", "If I hadn't hesitated, I would have made a lot of money"
If you keep losing money in cryptocurrency trading, then the following two modes will give you the opportunity to change your fate
If you keep losing money in cryptocurrency trading, then the following two modes will give you the opportunity to change your fate. Especially the second one can be called a violent ATM, especially for mini accounts with less than 100,000 yuan in funds after entering the market for two years. If you can master the following two operation modes, you may be the next financially free person. Then friends who are familiar with me know that in the first two years, I was just like everyone else. I could do whatever I wanted, and I could even ignore the market. I lost money whether it went up or down. But starting from the third year, because I got a lot of advice from my predecessors, I finally started to turn things around. After 20 years, I reached eight figures and became a rookie in the hot money circle. Now many big guys are judging the direction of the market bull by my behavior. So my first eight figures were actually earned through the following two modes. Today, everyone is really lucky to be able to watch this video. I dare say that as long as the market continues to rebound, then in 2024, I will not lose a million yuan, at least. In addition, I will tell you something very important. I will analyze the opportunities in the future with you in my articles every day. To read the article, click on my avatar to enter the homepage introduction. This article must be collected and read repeatedly. Once it is swiped away, it will be difficult to find it again. It’s just like trading cryptocurrencies. A small mistake can lead to a huge loss.
Don't be greedy when speculating in cryptocurrencies, remember these advices
First: The purpose of covering a position is not to make a lot of money, but to reduce losses. If you are trapped, don't think about making money back by rebounding, that's asking for trouble. The purpose of covering a position is to reduce losses, don't be confused by temporary entrapment. Second: Calm market conditions often hide big fluctuations, don't be confused by short-term stability. The market is fickle, and it may change suddenly one day. Remember, there must be a callback after a big rise. Be vigilant when the K-line draws a triangle. If it rises too much, it will definitely callback. Be careful not to be trapped at a high position. Third: The timing of buying and selling is critical. Remember: buy on the negative line and sell on the positive line. You have to buy bravely when others are panicking, and you have to sell decisively when others are crazy. Experts all operate against the market. Don't sell unless it goes up, don't buy unless it dives, and never take action when it goes sideways. Pay attention to the resistance level in the uptrend and the support level in the downtrend, so as not to panic. Fourth: Full warehouse is a taboo, flexibility is the key. The currency market is unpredictable, position management is king, and flexible response is the key to success Article 5: Mentality is very important, greed and fear are the biggest enemies. If you chase the rise and sell the fall, you will only lose more. Only by keeping a calm mind can you gain a firm foothold in the market.
How to avoid getting cut in the crypto space and make money?
As someone who has been through it, getting cut while trading cryptocurrencies is normal. Only by dancing with the market makers, having solid skills and methods, and a mature trading system can one succeed. Now, I will share how I avoid getting cut in the crypto space and make money: After more than a decade of struggles in the crypto space, I have summarized these 10 trading principles to share with everyone. I hope they are helpful! Worth keeping. 1. Never trade out of revenge. After completing a trade, whether in profit or loss, I firmly adhere to my rules. I close the market charts and do not reopen them within 24 hours. This prevents me from engaging in revenge trading. There is always a reason for closing a trade, which means there is no reason to re-enter immediately. Revenge trading is a major cause of losses for emotional traders. This is especially critical when trading Bitcoin with leverage. Cryptocurrency traders watch Bitcoin charts for many hours daily, making it difficult to step away and not re-enter after a loss.
The large pancake long position take profit triggered at 1300 points 6100u, the mindset determines the direction, the direction determines success or failure, if you have no mindset, come chat with Yang Dan.
Why do some people profit while others get liquidated in the cryptocurrency market? Here are a few points to consider! Many people in the crypto space continue to trade even after being liquidated for the following reasons: 1. Speculative psychology at play 1. Desire for quick profits - People are often attracted by the high returns that contract trading can bring. They see contracts as a shortcut to rapid wealth growth, despite the risks involved. Compared to other investment methods, they believe contracts offer the chance for substantial gains in a short time, and this desire for quick profits makes it hard for them to let go even after being liquidated. - For example, some see others becoming rich overnight through contract trading and fantasize that they too could be lucky, prompting them to continue investing even after liquidation. 2. Unwillingness to admit defeat - After being liquidated, many are unwilling to accept failure, believing they were just unlucky or made a mistake, and they will definitely win back next time. This unwillingness to admit defeat drives them to continue trading in an attempt to recoup their losses. - For instance, someone may get liquidated due to a poor judgment in a contract trade, but they feel most of their market analysis was correct and that unexpected factors caused the failure, leading them to decide to try again. 2. Cognitive biases 1. Overconfidence - Some investors are overly confident in their trading abilities, believing that after learning and training, they can master the skills of contract trading and thus ignore the associated risks. They think they can accurately judge market trends and achieve profits in a complex market. - For example, some novice investors, after learning some basic trading knowledge, believe they can engage in contract trading without fully understanding the market's uncertainty and risks. 2. Misunderstanding of risk - Some people do not fully grasp the risks of contract trading and fail to understand the seriousness of liquidation. They may think liquidation is just a temporary setback without realizing it can lead to significant financial losses or even total bankruptcy. - For instance, some focus only on potential gains while ignoring risk warnings during contract trading, believing they can control the risks, only to regret it after being liquidated.
For those who have been trading cryptocurrencies for over a year and haven't made 1 million, if you still can't make money after reading these 10 key points, come find me.
After more than 10 years of cryptocurrency trading, here are ten key points summarized: 1. If your capital is not very large, such as within 200,000, catching a major uptrend once a year is enough; never keep a full position at all times. 2. One can never earn wealth beyond their understanding; first practice with a simulated account to develop your true mindset and courage. You can fail an unlimited number of times in a simulated account, but a single failure in real trading could mean everything, and you might distance yourself from the market thereafter. 3. When encountering significant positive news, remember to sell the next day if you haven't sold the same day; the realization of good news often turns into bad news. 4. During major holidays, reduce your position or even go to cash a week in advance; historically, holidays tend to see declines. 5. A medium to long-term strategy is to keep enough cash on hand, sell when the price rises, and buy back when it falls, rolling your positions is the best approach. 6. Short-term trading mainly looks at volume and patterns; actively trade in patterns with significant ups and downs, avoid those that are inactive. 7. A slow decline tends to lead to a slow rebound; an accelerated decline will lead to a quick rebound. 8. Acknowledge when you make a wrong purchase, cut losses in time, and protect your principal; this is fundamental to survival in the market. 9. For short-term trades, always look at the 15-minute candlestick chart; using the KDJ indicator can help find good buying and selling points. 10. There are countless techniques and methods for trading cryptocurrencies; mastering just a few well is sufficient; do not be greedy.
In the cryptocurrency world, there are some little-known facts or tricks that are often overlooked but are very important. Today, let's share a few: 1. Cost dilution is not as simple as it seems For example, if you invest 10,000 U when the price of a coin is 10 U, and then add another 10,000 U when the price drops to 5 U, your average cost is actually 6.67 U, not the 7.5 U that many people think. This situation is very common in market fluctuations, and understanding this cost calculation method is helpful for managing positions. 2. The power of compound interest is astonishing Suppose you have 100,000 U and earn 1% daily before exiting. If you can maintain 250 trading days in a year, your assets will grow to 1,323,200 U after one year. Continuing for another two years, the assets could even reach the tens of millions level. Of course, this result is based on stable returns, but the hidden challenge is how to consistently maintain this compounding effect. 3. The relationship between probability and take-profit/take-loss If your investment success rate is 60%, and you set a take-profit and take-loss at 10% each time, after 100 trades, your total return could reach 300%. But this premise is that you strictly follow your trading plan and are not influenced by market fluctuations, especially maintaining calm in highly volatile markets. 4. Greed is the biggest enemy If you start with 10,000 U and earn 10% each time, by the 49th day, your assets could reach 1 million U, by the 73rd day, it could break 10 million U, and by the 97th day, there is a chance to exceed 100 million. However, in reality, almost no one can achieve this because most people cannot control their greed during the process, leading to failures along the way. This is why many traders, even when profitable, find it difficult to maintain their gains over the long term. Contract trading and position management In contract trading, position management and capital management are key factors determining success or failure. Many people use 20%-30% of their principal as the base position, but I personally prefer to use only 2%-5% and employ 20x leverage. This can effectively control risk and avoid emotional decision-making due to excessive fluctuations.
In the cryptocurrency world, there are some little-known facts or tips that are often overlooked, but they are very important. Today, I will share a few: 1. Cost averaging is not as simple as it seems For example, if you invest 10,000 U when a coin is priced at 10 U, and then add another 10,000 U when the coin price drops to 5 U, your average cost is actually 6.67 U, rather than the 7.5 U that many people think. This situation is very common in market fluctuations, and understanding this cost calculation method is helpful for managing positions. 2. The power of compound interest is astonishing Assuming you have 100,000 U and earn 1% daily, if you can maintain 250 trading days in a year, your assets will grow to 1,323,200 U after one year. Continuing for another two years, your assets could even reach tens of millions. Of course, this result is based on a stable rate of return, but the hidden challenge is how to consistently maintain this compounding effect. 3. The relationship between probability and take-profit/stop-loss If your investment success rate is 60%, and you set a 10% take-profit and stop-loss each time, after 100 trades, your total return could reach 300%. However, this premise is that you strictly follow your trading plan and are not influenced by market fluctuations, especially maintaining calm in a highly volatile market. 4. Greed is the greatest enemy If you start with 10,000 U and earn 10% each time, by the 49th day, your assets could reach 1 million U, by the 73rd day, you could surpass 10 million U, and by the 97th day, there’s even a chance to exceed 100 million. However, in reality, almost no one can achieve this because most people cannot control their greed during this process, leading to failures along the way. This is why many traders, even when profitable, find it hard to maintain their success over the long term. Contract trading and position management In contract trading, position management and capital management are key to success or failure. Many people use 20%-30% of their capital as the base position, but I personally prefer to only use 2%-5% and employ 20x leverage. This effectively controls risk and avoids emotional decisions caused by excessive fluctuations.
The easiest way to make money in cryptocurrency trading is like drinking water once you understand it! The easiest way to make money in cryptocurrency trading! Once you realize it, it's like drinking water! Remember the rules for making money in a bull market! 1. Once the rise begins, it won’t easily end, so don’t be afraid of the big corrections that occur in the early stages. Boldly enter the market; the most troublesome thing is to wait for a lower point, as the longer you wait, the higher it goes, and you miss the opportunity. 2. In a bull market, there are many spikes. If your position isn’t full, try to wait for a pullback and go all in directly. Otherwise, you might get a spike at any moment, which most people can't handle. 3. You must manage your position well; it's best to have layouts in several key sectors. If you put all your funds in one sector and it doesn’t move in the short term while others are rising, it’s very frustrating. If you chase after it, you might get stuck, and after clearing out, it could take off again in just a few days. Many people have encountered this, so either don’t buy, or if you do, hold on firmly. Your coins will eventually rotate, and even the worst coins in a bull market can see five to ten times their value. 4. The market always rises amid divergences; what many people criticize is often an opportunity, and when everyone is optimistic, it can actually imply risk. 5. Don’t always think about making short-term high sales and low purchases. If you exit midway, you will find it hard to return. Playing short-term isn't as profitable as simply holding and letting it grow. 6. Every time there’s a pullback, the market will panic, and people say the bull has run away. The fact is, a bull market must go through at least three to four major pullbacks before it can end. So don’t be afraid; you must have a broader perspective. As long as you hold onto good coins and not garbage ones, even the worst can yield five to ten times. In a complete bull market, making two to three times on spot transactions is nothing unusual.
For those who have been trading cryptocurrencies for over a year and haven't made 1 million, if you still can't make money after reading these 10 practical tips, come find me. After 10 years of trading, I made 60 million; remember these 10 practical tips. After more than 10 years of trading, I have summarized the following ten practical tips for trading cryptocurrencies. 1. If your capital is not very large, for example, under 200,000, catching one major upward trend each year is enough; never be fully invested all the time. 2. A person can never earn wealth beyond their understanding. First, practice on a simulated account to develop your real mindset and courage. You can fail an unlimited number of times on a simulated account, but a single failure in real trading might cost you everything and could even lead you to avoid the market altogether. 3. When encountering significant positive news, if you don't sell on the same day, remember to sell on the next day when it opens high. Cashing in on good news often leads to bad news. 4. When faced with major holidays, reduce your holdings or even go to cash a week in advance; historically, markets tend to drop during holidays. 5. The strategy for medium to long-term trading is to keep enough cash on hand, sell high, and buy back when prices drop again; rolling operations are the best strategy. 6. Short-term trading mainly looks at trading volume and chart patterns; trade actively fluctuating patterns and avoid inactive ones. 7. When the decline slows, the rebound will also be slow; when the decline accelerates, the rebound will be quick. 8. Recognize when you make a wrong purchase, cut losses promptly, and protect your capital; this is the foundation for survival in the market. 9. For short-term trading, always look at the 15-minute candlestick chart; the KDJ indicator can help find relatively good buy and sell points. 10. There are countless techniques and methods for trading cryptocurrencies; mastering just a few proficiently is sufficient; do not be greedy.
The first pot of gold earned from trading coins was used to buy a house in Beijing. Starting with 60,000 in capital, it gradually rolled over to over 5 million, and later to 24 million, using this method to master buying and selling points, summarized as follows.
First, those who can buy are the disciples. The best trading strategy in the crypto world is: a. Regardless of bull or bear markets, 5 layers of positions should be in BTC and ETH, while the remaining 5 layers should be used to seize larger opportunities. b. When a bull market retraces, many altcoins are priced at a discount of 90% or even 90% off. At this point, it’s a good idea to buy some promising altcoins with widespread consensus and then wait for the bull market to arrive. c. During a bull market, various hot topics emerge, such as artificial intelligence, GameFi, RWA, public chains, and platform tokens; invest a small amount of capital to participate in the hot speculation. After earning more than 5 times your investment, take profits promptly and convert everything into BTC and ETH. Clearly distinguish between 'making a living' and 'playing around.'
The rebound of the big cake took 1700 points and 7460u to take profit and leave the market. Thinking determines the direction, and the direction determines success or failure. Choose the right direction and hold it with firm belief! ! The rest is left to time.
There is a very foolish method of trading cryptocurrencies that almost guarantees 100% profit. From now on, start serious research into cryptocurrency trading. There is an uncle around me who used to drive a taxi, and then he got involved in the crypto world. From then on, he began to study cryptocurrency trading seriously, achieving a turnaround in his life and now has assets reaching 8 digits. His method is actually very simple, consisting of just 4 steps: selecting the coin, buying, position management, and selling. Every detail will be explained to you clearly! The first step is to open the daily chart, only looking at daily level, and choose the coins with a MACD golden cross, preferably selecting crosses above the zero line, as this yields the best results! The second step is to switch to the daily level and look at just one moving average, called the daily moving average. Hold above the line and sell below the line. The third step is after buying, when the coin price breaks above the daily moving average and the trading volume is also above the daily moving average, you should buy in full. The fourth step is selling, which is divided into three details: the first is when the segment's increase exceeds 40%, sell 1/3 of the total position; the second is when the overall segment increase exceeds 80%, sell another 1/3; and when it falls below the daily moving average, clear the entire position. The fourth step is also the most important one. Since we take the daily moving average as our basis for buying, if there is an unexpected situation the next day and it directly breaks below, you must sell everything, do not harbor any luck! Although with our coin selection method, the probability of breaking is very low! We still need to have risk awareness! After selling, wait for it to rise above the daily moving average again, and then you can buy back.
I traded in cryptocurrencies: In two years, I made 20 million from 50,000 yuan. After many ups and downs, these experiences... Trading experience 1. Divide your funds into 5 parts, and only enter one-fifth each time! Control the stop loss of 10 points. If you make a mistake once, you will only lose 2% of the total funds. If you make a mistake 5 times, you will lose 10% of the total funds. If you are right, set a stop profit of more than 10 points. Do you think you will be trapped? 2. How to improve the winning rate again? In short, there are two words, follow the trend! Every rebound in the downward trend is tempting to buy more, and every decline in the upward trend creates a golden pit! Do you say it is easier to make money by bottom-fishing or buying low? 3. Don't touch individual coins that have skyrocketed in the short term. Whether it is mainstream or copycat, there are very few coins that can go through several waves of main rising waves. His logic is that it is difficult to continue to rise after a short-term surge. When the market is stagnant at a high level, it will naturally fall if it cannot be pulled up in the later stage. It is a very simple truth, but many people still want to take a gamble. 4. MACD can be used to determine the entry and exit points. If the DIF line and DEA form a golden cross below the 0 axis, once the 0 axis is broken, it is a steady entry signal. When MACD forms a dead cross above the 0 axis and then runs downward, it can be regarded as a signal to reduce positions. 5. I don’t know who invented the term "covering positions", which has caused many retail investors to fall and suffer heavy losses! Many people make up for their losses more and more, and the more they make up, the more they lose. This is the most taboo in currency speculation, which puts themselves in a dead end. Remember never to cover your position when you are losing, but to increase your position when you are profitable. 6. The volume and price indicators are the first to bear the brunt, and the trading volume is the buying soul of the currency circle. Pay attention to the large-volume breakthrough of the currency price at the low level of consolidation. 7. Only do currencies with an upward trend, so that the chances of winning are the greatest and time is not wasted. 3-day line turns upward, indicating short-term rise; 30-day line turns upward, indicating medium-term rise; 84-day line turns upward, indicating main rising wave rise; 120-day moving average turns upward, indicating long-term rise 8. Adhere to review every game, check whether the currency holding invitation has changed, technically check whether the weekly K-line trend is consistent with the judgment, whether the direction has changed, and review the trading strategy in time
There is a dumbest way to trade in cryptocurrencies, but this method can almost eat up all the profits. Learn slowly. First of all, we should never do three things when trading in cryptocurrencies. The first thing is to never buy when the price is rising. Be greedy when others are fearful, be fearful when others are greedy, and be able to buy when the price is falling, and make this a habit. The second is to never suppress orders. The third is to never be fully invested. After being fully invested, you will be very passive, and the market is not short of opportunities. The opportunity cost of being fully invested will be very high. In addition, let’s talk about the six tips for short-term stock trading. The first is that after the currency price consolidates at a high level, there will usually be a new high. And after this low consolidation, it will usually set a new low, so we have to wait until the direction of the change is clear before we make operations. The second is not to trade when the market is sideways. Most people lose money in trading cryptocurrencies because they can’t do this simplest point. The third is to buy the daily line when choosing the K line and closing the Yin line. When the market closes positive, we sell. The fourth is that the decline slows down, the rebound also slows down, and the decline accelerates the rebound. The fifth is to build a position according to the pyramid buying method, which is the only constant in value investment. The sixth is when a currency continues to rise. After a continuous decline, it will inevitably enter a sideways state. At this time, we don’t have to sell all the market at this high level, nor do we need to buy all the positions at a low level. Because after consolidation, there will inevitably be a change in the market. If it changes from a high position to a low position, then we must clear the position in time, anyway, we must advance in time.
There is a very foolish method for trading cryptocurrencies, but this method can almost eat up all the profits, so learn slowly. First of all, when trading cryptocurrencies, we should never do three things. The first is to never buy when the price is rising; be greedy when others are fearful, and fearful when others are greedy. Develop the habit of buying when prices are falling. The second is to never place large orders. The third is to never go all-in; being all-in makes you very passive, and the market is never short of opportunities. The opportunity cost of being all-in can be very high. Now, let’s talk about six rules for short-term trading. The first is that after the price consolidates at a high level, there will usually be a new high. Similarly, after it consolidates at a low level, there will usually be a new low, so wait until the direction of the market change is clear before making a move. The second is to avoid trading during sideways movement; most people lose money in cryptocurrency trading because they fail to adhere to this simplest point. The third is when selecting candlestick patterns, buy during bearish candlesticks and sell during bullish ones. The fourth is that when the decline slows down, the rebound will also slow down; a decline will accelerate the rebound. The fifth is to build positions using the pyramid buying method; this is the only unchanging principle of value investing. The sixth is that when a particular cryptocurrency continues to rise or fall, it will inevitably enter a sideways state. At this time, there is no need to sell everything at high levels, nor is it necessary to buy everything at low levels. After consolidation, a market change is inevitable. If the price drops from a high level, then clear your positions promptly; in any case, timely action is essential.