If you really implement what I wrote in this article, then during this bull market from 2024 to 2025, your capital will multiply 100 times.
For small funds in the cryptocurrency circle, it may only be $1,000 or $2,000. Most are white-collar workers who receive salaries and are unwilling to invest large sums of money for trading. However, many people play until they get 'cut' and then lose confidence in this market. This is because they do not have a learning plan.
But if you use the method I shared today, I believe after learning, you will see some results in three to four months. Not to say ten times, but four to five times should be quite feasible. By the end of this entire bull market, a 100-fold increase is not a dream.
Many people, after entering the cryptocurrency circle, prefer to buy those tiny coins worth 0.0000000. Some people like to use contract leverage, but those who have tried contract leverage know how it usually ends: with losses, often to zero.
Some newcomers only have 10,000 or 20,000 yuan, which they have saved for a long time, and then they go all-in on contracts, leading to liquidation, and once liquidated, they have nothing left.
So, for small capital wanting to survive in this market while also wishing to make money without losing, the first step is to eliminate contract leverage, as it has no significance.
If you have a smaller amount of capital and want to leverage knowledge to make money in this market, the best strategy is to engage in ultra-short and short-term trading during a bull market.
Because currently the market is good, Bitcoin has already broken through $70,000, altcoins are stirring, and new hotspots keep appearing, right?
You can't copy homework; don't worry. Most of the teachers who provide signals in the market and most communities aren't worth the fee to join. Because these people have not seriously learned any technical analysis; they guess or rely on signals given by others, merely acting as messengers without any trading discipline.
So when everyone sees a KOL calling a coin that has earned 30%, it’s quite normal. You can earn 30% too if you trade it yourself. As long as you choose the right target, for example, if the target they choose is ONDO.
You also trade this coin; it has many waves from launch to peak, and the potential profit is enormous. Moreover, altcoins do not rise completely in just a day or two.
After you have, say, $200,000 or $100,000, you cannot spend too much time on short-term trading. Because you might lose your monthly salary in just a day.
I tell everyone, if your capital is small, don’t diversify positions when trading short-term; just go all-in directly. I did that back then. Go all-in in and out; even a 10% profit is still a profit.
It's okay to operate frequently. You can hold a short position for four to five days and earn 30%; that’s fine.
If you have $2,000 in capital and a 50% position: $1,000. What significance does a 20% profit have? Right? It doesn’t earn much.
Go all-in! I also want to share with everyone that I initially had a significant misunderstanding when trading short-term: I did not set stop losses.
Cryptocurrency trading tips [must-see secrets for newcomers and veterans]!
1. Eat the middle segment of the fish, leaving the head and tail for others.
2. Do not set stop losses in cryptocurrency trading; it absolutely leads to significant losses.
3. Newbies look at price; veterans look at volume; experts look at trends.
4. Buy familiar coins to avoid hardships; buy at the bottom and remain as steady as a mountain.
5. Buying relies on confidence; holding relies on patience; selling relies on determination.
6. Opportunities are born from declines; cash is king.
7. The mindset in cryptocurrency trading is the first priority; strategy is second; technique can only be third.
8. Markets typically arise in despair, develop in hesitation, and end in madness.
9. Greed is the eraser of profits; greed and fear are major taboos in investing.
10. If long-term is gold and short-term is silver, then swing trading is a diamond.
11. When others are fearful, we should be greedy; when others are greedy, we should be fearful.
12. Luck and hesitation: luck is the culprit that increases risk, while hesitation can lead to missed opportunities.
13. In a downward trend, do not easily go all-in; this helps maintain a calm mindset and allows you to attack when possible and retreat when necessary.
14. Frequent operations will result in complete loss; hesitation leads to slow bleeding.
15. There are no absolutely accurate indicators, only half-understood retail indicators; useful to those who know how to use them, harmful to those who do not.
So what elements are needed to become a trading expert? I believe there are three:
The first element is to be objective and neutral toward others' opinions and market news, without any thoughts. Maintain objectivity and neutrality, without generating any emotions. Follow the rules; if it aligns, do it; if not, refrain. When there are no market opportunities, read books or enjoy tea. When opportunities arise, stay highly focused and be prepared at all times.
The second element is to plan your trades. There is a saying: plan your trades, trade your plans. Based on our strategy, create a trading plan; when opportunities truly arise, execute our plan. After preparing the trading plan, we need to patiently wait for the final confirmation signal. When there is no trading plan, patiently wait for the plan to emerge. Once the confirmation signal appears, act decisively. After opening a position, patiently await either a stop loss or reaching the profit target.
The third element is that no method or strategy is 100% effective. Once we open a position, we must prepare for the worst. You can have expectations for the outcome of the trade, but do not set your expectations too high. With low expectations, when the market turns bad, it will not cause too much pain. When the market goes smoothly and results are good, it will far exceed expectations. Internally, there will be slight joy; trading ultimately is like this: no extreme sadness, no extreme joy, calmly facing trades, with a peaceful and harmonious mind. If you made money and are overjoyed, sharing the news; if you lost money and are unhappy or even regretting, losing control of your emotions, it indicates that you still have a long way to go in trading.
Secrets of success in the cryptocurrency circle; don’t regret later:
Profit comes from persisting with trend-following trades that others abandon, seizing opportunities others overlook, and doing what others dare not do. In investment, there is only insufficient persistence leading to abandonment, not complete failure. Trading is the same; initially, one may have a favorable direction, but as the market fluctuates, they might alter their original stance, exiting a bearish position because of a slight rise and switching to bullish, ultimately hindering the downward trend and incurring losses. Such examples are ubiquitous in trading; success requires persistence.
So what are the four mindsets and five major skills that a successful cryptocurrency trader should have for long-term survival in the market?
1. Do not be arrogant and complacent when making profits.
An arrogant person ultimately destroys themselves in their pride. In the process of investment and financial management, if a person becomes arrogant and complacent because they have made money, there will inevitably come a day of losses. The reason is that arrogant people, due to their minor achievements, become deaf to others' opinions and suggestions. Even if the market changes, they will stubbornly believe in themselves, thinking their decisions are always right, while neglecting risk prevention, which may ultimately lead to losses.
2. Do not rush to recover losses.
It is normal to have both profits and losses in cryptocurrency trading. Now that we've discussed profits, let's talk about losses. Profits can make some people arrogant and complacent, while losses can ignite the desire in many to recover what they've lost. However, recovering losses also depends on timing; if one rushes to recover, it can lead to irrational decisions. For example, some people, eager to recover, may bet all their trading funds on a coin that seems to have great potential. However, the market is always unpredictable and uncontrollable. If that stock drops, not only will they fail to recover, but they will also incur greater losses.
3. Do not be greedy for quick profits.
Accumulating wealth through cryptocurrency trading is a long process. If, during this process, one is both greedy and eager to make quick money, it is essentially impossible to achieve wealth growth. Both of these mindsets lead to a relentless pursuit of profit, causing one to lose rationality when faced with high returns. However, high returns mean high risks; blind investment can only lead to failure. Only by pursuing stable wealth growth can one balance risk and profit.
4. Do not be overly concerned about gains and losses.
Investors who are overly concerned about gains and losses tend to struggle for a long time before investing, fearing their money will incur losses. Once they finally make the decision to invest, this mindset becomes even more pronounced. As soon as they see their account balance decrease, they become anxious and restless; if the decrease is too much, they either withdraw their investment or seek insider information, hoping to recover quickly, which usually ends in losses. Additionally, if they hear news about platforms running away or withdrawal difficulties, they will worry about their investments' safety, and even if their platform is fine, they may choose not to invest again, making it difficult to continue down the path of investment and financial management.
If your mindset is not adjusted well, it will be difficult to see the situation clearly. Once your investment mindset stabilizes, let's talk about the trading skills you want to know about:
1. Use technical indicators, but do not get stuck in the quagmire of technical indicators.
There are countless technical indicators in candlestick charts. Sometimes learning too many can disrupt objective analysis. The ultimate goal of learning these indicators is to obtain the information you need; if you obtain the required information from a specific indicator, there's no need to get caught up in other indicators, as many indicators in candlestick charts are similar.
2. Go with the trend.
Those who follow the trend will prosper, while those who go against it will perish. In investing, one should follow the trend; grasping the larger trend is like boarding a spaceship, which will swiftly take you to great heights, making it hard not to profit. Conversely, if one operates against the trend, especially during major market movements, they will fall into a bottomless pit that cannot be filled, deeply trapping investors and directly causing significant losses. Therefore, grasping the trend is paramount.
3. History may not repeat itself, but there are lessons to be learned.
From a technical analysis perspective, sometimes you can indeed capture subtle hints from historical data. The cyclical patterns of the market do not change; other markets follow the same pattern, transitioning from adjustment periods to growth phases, then to maturity, before entering a recession, and then repeating the cycle. Therefore, in technical analysis, one can consider historical data as a whole.
4. Deeply analyze the news.
The currency market transmits a vast amount of information daily, so it is crucial to perform in-depth analysis of this information. As a qualified investor, the most fundamental skill is to discern the truth of the information, especially since some half-truths can be very misleading. Sometimes, a single piece of news can directly influence the directional judgment of the market.
5. Summarize experiences and find a method that suits you.
Observing fish in the pond is not as good as retreating to weave a net. Without entering the tiger's den, how can one get tiger cubs? We always envy others for how much money they can earn by investing in the currency market. We often watch others operate passionately, but we are too afraid to enter the market, fearing that if we do, we will lose everything. Here, I suggest that if you have enough knowledge and skills, seize the rare opportunity in life.
The two major factors that dominate the market, technology and news, are topics of endless debate among investors. Whether technology or news dominates the market, the truth is neither; it is human sentiment that leads the market. Without profit-driven motives and without greed, there would be no traps and no fierce battles. To navigate the market, one must deeply understand the strategies of attack and defense to remain stable amid the winds and storms and to turn dangers into safety amid traps. As the saying goes, if you give trust, I will return profits!
If you are already in an undesirable situation, you can come to me; I will help you and prevent you from making further mistakes. If you have been struggling in this market and are battered, feel free to come to me; I will confidently help you regain your confidence.
Recently laid-out altcoins are about to launch!
Growth exceeding 50%!
Both spot and contract trading can be entered!
Leave 999 in the comments to hop on board!
Impermanence!
