In the first two years of trading cryptocurrencies, I kept losing money, but then I started making profits in the next five years!! It turns out making money through trading is so simple, just follow these 3 steps!

After countless trials and errors, I have summarized 8 iron rules. The content may not be extensive, but it carries significant weight. If you think it makes no sense, feel free to say whatever you want!

1. Divide your total capital into 5 parts, and only invest one-fifth each time! Control a stop loss of 10%, if you make one mistake, you only lose 2% of your total capital, and you would only lose 10% after making 5 mistakes. If you're right, set a take profit of more than 10%. Do you think you will still be trapped?

2. How to further improve your win rate? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap to lure buyers, and in an uptrend, every drop digs a pit for you! Do you think buying at the bottom is easier to make money, or is buying low easier to make money?

3. Do not touch any coins that have surged rapidly in the short term, whether they are mainstream or altcoins. There are very few markets that can produce several major upward trends. Their logic lies in whether they can continue to rise after a short-term spike. When they stagnate at a high position and cannot rise later, they will naturally fall. This is a simple truth, yet many people still want to take the plunge.

4. You can use MACD to determine entry and exit points. If the DIF line and DEA line cross below the 0 axis and then break through the 0 axis, it is a stable entry signal. When MACD forms a death cross above the 0 axis and moves downward, it can be regarded 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 stumble and incur huge losses! Many people keep averaging down as they lose, and the more they average down, the more they lose. This is the biggest taboo in cryptocurrency trading; it puts you in a deadlock. Remember, never average down when you are in a loss, but rather add to your position when you are in profit.

6. Volume and price indicators *
First and foremost, trading volume is the soul of the market. Pay attention when there is a significant volume breakout at a low level during consolidation, and decisively exit when there is a significant volume stagnation at a high level.

7. Only trade in an upward trending market, as this maximizes your chances and saves time. If the 3-day moving average turns up, it indicates a short-term upward trend; if the 30-day moving average turns up, it indicates a medium-term upward trend; if the 84-day moving average turns up, it indicates a primary upward trend; and if the 120-day moving average turns up, it indicates a long-term upward trend!

8. Insist on reviewing your trades weekly to check if there have been changes in your holdings. Technically, check whether the weekly K-line trends align with your judgments and if the direction has changed trends. Adjust your trading strategy in a timely manner!

Advice for blockchain!!

1. Don’t sell bull coins easily, choose bull coins first, get half of the way, do both hot and strong coins, invest and speculate, get the whole way

2. The most important thing for a trader is the ability to respond during the trading session

3. Qualitative analysis must be done well. Qualitative analysis of large cycles, weekly coin selection, monthly identification, daily tracking

4. Follow the rules, use Bollinger or the moving average you think is feasible to see the market

5. There is no way to teach ability, it all depends on technical skills, repeat successful experiences, make making money a habit, and making money often is more important than making a lot of money

The martial arts secrets have been given to you, whether you can become famous in the world depends on yourself.
The road to currency is long and slow. If you are also a fellow traveler, you need to learn methods and techniques with the help of strength. Fellow travelers can follow and like to prevent getting lost!

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What is a mystery? It is obvious that a mystery is to focus on the big while letting go of the small.

Abandon all small opportunities and concentrate on trends that can bring you significant profits. Trading is not farming; more work does not equal more gain. Opening trades every day does not guarantee daily profits; this is not wise. Many people think that only by operating can one make money, but the core of making money is actually not operating, patiently waiting, and holding on when there is profit after opening a position. Operating can bring the pleasure of feedback, while waiting is very counterintuitive.
In the market, 80% of the trends challenge human nature, making people feel good, but what feels good definitely won't allow one to make money, at least not big money. Following trends is painful because the duration of trends is not long, but trends are the only way for ordinary people to get rich. If you develop the habit of being short-term, you will basically say goodbye to making big money. Experts practice the ability of not doing. What is not doing? Not doing when you don’t understand, and there are also things that are understandable but not suitable to engage in. For example, when the stop-loss space is too large, the profit space is too small, or after a significant rise, breaking the pressure. Under standards, there are priorities, and one must also speak of what to give up and what to hold on to. Therefore, trimming the head and tail, calculating back and forth, what can really be done becomes very few. The more experts do, the less they do; the more foolish ones do, the more they do. This is not because the experts' techniques are so brilliant, but because they are not in a hurry to make money, using infinite opportunities to exchange for a larger space.
Trading
1. Capture the large trend waves.
2. Capturing the trend's low leverage floating profit for adding positions is most suitable for ordinary people.
3. Opening positions must have stop-loss.
4. There are three situations for rolling positions: selecting the direction of a long-term volatility new low; breaking through weekly and monthly resistance support; bottom-fishing during a major drop in a bull market.
5. The market is mostly boring most of the time.
6. Quickly cash out and buy a house.

Note
1. Recognize the trend; look at the long-term lines, weekly, daily lines, and do not look at short-term lines.
2. Low leverage, Tony can only open one time, at most two times leverage.
3. Wait, patiently wait for the opportunity to appear.
4. Self-cultivation! Trading is often counterintuitive.

Growth is a painful thing that no one can replace; it can only be done by oneself.
The above are some of V's personal views and insights. If you find it helpful, you can like and save it. I am Sunny, a person who has experienced three rounds of bull and bear markets, skilled in logical stock selection and technical timing, only trading within my cognitive range; each direction has been verified by the market!

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