I have been working in the cryptocurrency circle for six years, starting with a capital of 50,000 yuan, and now I make a living by speculating in cryptocurrencies. Over the years, I have summarized some bitter experiences and share them with you:

1. First of all, funds must be managed in a decentralized manner. Divide your funds into five parts and invest only one part at a time! Strictly implement a 10% stop-loss strategy, so that even if you make five consecutive mistakes, the loss will only account for 10% of the total funds. If you make a profit, set at least 10% of the stop-profit. Do you think you will still be trapped?

2. Want to improve your winning rate? The secret is to follow the trend! The rebound in a downward trend is mostly a lure to buy more, and the pullback in an upward trend may be a once-in-a-lifetime opportunity to buy low. Do you think it is more profitable to buy at the bottom, or is it safer to buy low with the trend?

3. Stay away from coins that have skyrocketed in the short term. Whether it is a mainstream coin or a copycat coin, the possibility of continuing to rise sharply after a short-term surge is very small, and it often starts to pull back after stagflation. Many people are lucky, but in the end they all become receivers.

4. You can use the MACD indicator to choose the time to enter the market. When the DIF and DEA lines form a golden cross below the 0 axis and break through the 0 axis, it is a relatively safe entry signal; and when the MACD forms a dead cross above the 0 axis, it is time to reduce the position.

5. The operation of covering positions has harmed too many retail investors! Adding positions when losing money will only make the loss greater. Remember, never cover positions when you are losing money, and adding positions is the correct operation only when you are profitable.

6. Trading volume is the soul of the market. When consolidating at a low level, if there is a large-volume breakthrough, this is a signal worthy of attention. At a high level, if the volume is stagnant, do not hesitate and exit immediately.

7. Only choose currencies with a clear upward trend, so that the chances of winning are the greatest. You can judge the trend by the turning of the 3-day, 30-day, 84-day and 120-day moving averages. It is a stable choice to enter the market when the trend is confirmed to be upward.

8. Be sure to review after trading! Constantly check whether your operations are in line with expectations, especially whether the weekly K-line trend verifies your judgment. Timely adjustment of strategies is the key to success.