Please be sure to read the full text carefully, my fellow coin friends. Even if this article cannot make you money, it can help you lose less money!
Don't try to make money through low-level gambling. Any trading and speculation requires a lot of trading training and experience to improve the tiny winning rate. If you want to make money in a certain circle without knowing anything, I can only say that you are mentally retarded.
For example: if you want to set up a roadside stall (selling small commodities, selling barbecue), you need to travel around to learn from experience, understand the passenger flow of a section of the road, and understand the surrounding consumption level. Know when a mysterious agency will come out to check the stalls. You need to carefully select the most popular styles of clothes, and consult the secret recipe of delicious seasoning for barbecue. Even if the business is good, you can only make a few hundred yuan a day; then transactions only require a click of the finger, do you think you can easily make tens of thousands, hundreds of thousands, or millions? No more nonsense, get to the main text!
1. The indicators are useful! Very useful! ! ! ! !
Many big names in the news industry will tell you that even a fool can make money by following the news. For example: a certain capital buys a large amount of Bitcoin and Ethereum, a certain institution sells a large amount, and a certain ETF has a net outflow or net inflow. But what I want to emphasize here is timeliness!
You might as well think about it, do you know that institutions are selling only after the market crashes? Even if you are very lucky and the direction of opening orders happens to catch up with good or bad news, when should you stop profit? When should you get off the bus? How do you know when the institutions have sold out? How do you know when the institutions have finished sweeping up the stocks? In the end, you will find that indicators can help you see obvious shrinkage, and it is obvious that one side of the long and short sides will win, and it is obvious that one side will not be able to hold on.
So can I think that opening a position when the long and short positions are about to lose balance can generate profits to a large extent? Will the probability of profit increase?
I will use last month's CPI as an example! After the CPI data was released on August 30, everyone thought it was a negative, but Bitcoin reversed and pulled up 2%, and then it continued to fall. You might as well think about it, if you follow the news and short at August 30, can you withstand the 2% fluctuation of Bitcoin without stopping loss? In short, I can't withstand it. Not to mention the MMP mentality of 100X big brother, it is impossible for me, 20X, to not stop loss at a -40% return. After the market plummeted, I would feel like the sky was falling (my former self).
As for how to learn indicators, there are a lot of videos on the Internet for your reference. It is important to summarize the indicators and parameters that are most suitable for you based on your own practical experience in opening orders. I currently only use MACD and RSI.
2. No one will actually share their money-making strategies
If you want to make money easily by following a few articles or having a big guy take you, you might as well look at your rich friends and ask them if they are willing to take you. The cryptocurrency world is a place where there are more scammers than players. There are very few people who really make money by trading, and most of them make money by cutting leeks. For example, I wrote this article to promote myself as very experienced and awesome, trying to make you, a fool with a lot of money, pay me for knowledge in order to take shortcuts.
If you don't want to be cheated, you should start learning from the analysis of indicators and news. It is a very stupid thing to pin your fate on others. For example: I have a margin call, but I still have a house to sell, a car to sell, and I still have a chance. What about you? Do you still have the funds to turn around after the margin call? Are you trading in cryptocurrencies with debt? The first thing you think of is: At this point, the only person you feel most sorry for is...
The real money-making strategy is always figured out by yourself. How can there be a crash course in making money? How can you know how to make money in advance? What I know most is that the only one I feel sorry for now is......
Next, we will move on to the third main text, which is written for those friends who have the patience to read the article.
3. Position management is more important than stop-profit and stop-loss
Sharing my personal experience: I always have a half position, whether it is 20X or 10X, it is always a half position. My stop loss position is always -100%. But this is not suitable for everyone, because I am an old leeks, the position of opening orders is very wretched.
The purpose of position management is to give you a chance to turn things around after you lose money. Just like I said in the first point, after the CPI data was released on August 30, you were likely to be able to withstand it because you were in a half-position position. If you were in a full-position position, you would probably stop loss. Position management improves your ability to withstand stress and also increases your chances of making a profit.
For example, when you lose 50% of your full position, you will sweat profusely and your operation will be distorted. If you stop loss, you will be afraid of returning to the original position, and if you don’t stop loss, you will be afraid of being blown up. However, this problem does not exist for half position. You will shout in the group with confidence: Blow me up if you dare!
Do you think position management can help you cope with volatile market conditions more easily? In short, people who open orders with full positions are either stupid or foolish.
Another important factor in good position management is that if you are in a profitable state, you can consider adding to your position with floating profits.
So if we lose, we still have half of the principal, and if we make money, we can add more positions with floating profits. Is this much better than opening a full position and just waiting for the results?
4. Holding Time
I am a short-term 10-20X player, so my personal holding period is rarely more than two hours. But I have seen that many players who really make money have an average holding period of more than 24 hours. I prefer newcomers or beginners to do short-term trading, firstly, it can train indicators and experience, and secondly, it can start with small money. Try to avoid too high risk and too big desire.
I usually open orders between 7:30am and 10:30am, and 7:30pm and 12pm. The result from the data is that the market is more volatile and better in these two time periods. This is because Bitcoin has been following the US stock market in the past two years. It is a little common sense.
In other words, my strategy is to rely on the 5MIN, 15MIN and 30MIN K-lines as much as possible. I only use the large-cycle K-lines for reference.
My philosophy is: Bitcoin is open 24/7, and with leverage, the volatility is huge, so I don’t recommend holding positions overnight, because there will be overwhelming news at any time to affect the market. I prefer to use technology to open orders rather than relying on luck and betting on probability.
I can earn less, but I cannot accept inexplicable losses. It may be a bit vulgar, or it may be that I am just a beginner trader, or it may be because my assets are not as strong as those of the big guys. But I represent ordinary players, so small position players can basically do nothing wrong by following my ideas.
The big guys hold millions of U and open orders of 10WU five times, which can last forever, and there will always be a day to make money. But you and I are different, we try to increase our capital slowly and make ourselves a little more wretched.
