I have been speculating in cryptocurrencies for more than ten years. From the time my account was liquidated to now when I have achieved financial freedom, I support my family by speculating in cryptocurrencies. From May 23, 2022 to June 4, 2024
As of now, in two years, I had less than 700,000 yuan, and my winning rate was 18134.86%, which made more than 18 million yuan.
Today I will share my trading strategies and experiences with my friends in the cryptocurrency circle.
There is a saying that if you stand on the shoulders of giants, you will struggle ten years less.
Friends who are lucky enough to see this and want to improve their cryptocurrency trading skills must read more and study carefully. It is recommended to collect it!
If you want to survive in the cryptocurrency world, you must first learn these tricks!
1. Patiently wait for consolidation; when the market is in a sideways movement, do not act hastily. After consolidation comes market changes.
2. Short-term hot stocks are often just speculation; when the hype passes, funds withdraw, and one should frequently change positions to avoid risks.
3. During the acceleration phase, hold onto the K-line as it gradually rises. When there's a strong bullish candle and volume increases, the market accelerates; you must hold onto your positions and wait for profits.
4. After a large bullish candle, exit decisively regardless of whether it's a high or low position to avoid profit retracement.
5. Moving average support levels and key buy/sell points are critical; moving averages, support, and resistance levels are key points for buying and selling. Even if you're wrong, you must execute according to the rules.
6. Better to enter less than to enter more; one must prepare before taking action. The only constant in the crypto space is change; entry must be cautious.
How do the retail traders trade?
They are accustomed to using their own theories to predict the market. A divergence appears here, a W bottom appears there, and the main force enters here. Then, based on these conditions, they choose to jump in. Finally, when the market does not align with their expectations, they insist that there must be an opportunity here; it just needs a bit of time, or they just bought too early and are facing a temporary pullback.
When the trend increasingly diverges from your expectations, in an effort to insist that you are right, you force yourself to comfort and hypnotize yourself, saying the market is oversold here and certainly cannot be sold; perhaps a turnaround is imminent. In the end, when the capital incurs unbearable losses, with a sigh, you painfully cut losses. At this point, you find that as soon as you exit, the market immediately reverses, but this failed trade has severely impacted your trading confidence. Even when the market starts to recover, you no longer dare to chase in again. So, what process is needed to survive in the crypto space for a long time and achieve financial freedom? Old Yu summarizes the following points for everyone; you can take a good look and learn!
First, one must correct their attitude.
It's best to enter the market with the attitude of building a career or professional trading; otherwise, turn around and leave; this market won't accommodate those who are not serious.
Those who are careless or unserious will not survive for long.
Second, one must learn systematically.
Not learning is ignorance; ignorant people will make chaotic decisions, and what good results can come from chaos?
Third, practical training is necessary.
Practical trading directly involves real money gains and losses, making the experience very real; thus, practical training is essential for a trader to elevate their level.
Missing link.
Fourth, one must summarize and improve.
Without summarization, there can be no improvement. The trader we know has been in the industry for 20 years but remains at a low level simply because he is not good at summarizing.
If improvement does not occur and breakthroughs are absent, one will inevitably sink into a low-level cycle.
The above four points represent a spiral rise and wave-like progression. To excel in trading, one must go through these.
A thousand words are not as good as a profitable trade; repeated defeats are not as good as a bold attempt! Frequent operations are not as good as precise trades, making each one valuable. What you need to do is find me, and what I need to do is prove that what I say is not false. May our acquaintance begin with words, align with character, be trapped in technology, last with kindness, and ultimately be based on integrity. A letter from a senior analyst to the losers; 99% of those who read it will profit! Every day I hear many investment friends lamenting their current situation; the losses are serious. Every time I hear this, Brother Hui feels quite distressed. Forgive me for becoming sentimental on weekends; usually, I am busy with data analysis and various K-line indicators, needing to be particularly rational, cautious, and even indifferent. But when the weekend comes and I face these confused and helpless investors, I can't help but become sentimental. Although your losses are not caused by me, we are in the same market, and as an analyst, how can I dare to say it has nothing to do with me? It must be that I am not proactive enough; it must be that my various columns and Weibo updates are too few, otherwise, how could you not have met me? Otherwise, how could you not keep up with my thinking? Otherwise, how could you be tormented by this market?
So, in a bull market, how to correctly accumulate coins? In a bear market, how to trade?
Compared to traditional financial trading like stocks and futures, there are many more people making big money in the crypto space! Everyone sees many ordinary people like us, or even those worse off, becoming wealthy. How can one not be tempted?!
The temptation of making money can lead people to lose their rationality. Many people hold the belief of finding a few promising coins, investing a large amount, and waiting to get rich or to change their fate! The so-called promising coins refer to those that multiply by a thousand or ten thousand times!
Here, I must tell everyone a fact. Those who get rich are, after all, a minority, and it's a pitifully small number. I don't deny that many people have gotten rich, but wealth is often temporary, or rather, it just sits in the account for a day; if not withdrawn, one will eventually exit the crypto market with losses. There are too many such examples. For instance, a classmate of mine. We studied trading techniques together. He was very lucky, starting with 20,000, made 5 million in just 6 months. At that time, we were very envious, even jealous. At the same time, we advised him to quickly withdraw the money to buy a house, gold, or other fixed assets, or to give most of the money to his family. As expected, all the money he earned was lost, and it became complicated. So, how can we maintain an undefeated position in the crypto market? In a bull market, how should we correctly accumulate coins for profit?
First, find promising coins, use half the capital to buy in and don't sell it, hold for at least six months or a year; second, trade in waves. Use the remaining half to continuously buy low and sell high to earn profits. The trading system is simple to use. In simple terms, any normal-thinking person can learn it in half an hour and master it in about a week. This is because it uses two tools: one is the turning point, and the other is the trend line. Immediate use means opening and closing positions is straightforward. Specifically, how to buy low and sell high? I have summarized a simple trading system in my entire trading system, which is easy to use immediately. Interested friends can contact me separately. In a bull market, there is a bear market. If in a bear market, one still clings to old ideas of buying low and selling high, they will often suffer severe losses. So, is there a good solution? The solution is to short. First, you can use leveraged trading to short, using a 1x position. Specific operations can be inquired about customer service. Second, use low-leverage contracts, setting the contract multiple to 1, shorting the whole position. The specific shorting points still follow the simple immediate use trading system.
The simple immediate use trading system is something I summarized over two months. Besides the advantages mentioned above, it also has the following benefits:
1 Avoid human weaknesses, namely greed and fear. Buy and sell points must be clear; buy when you should buy, and sell when you should sell!
2 applies to all coins (including mainstream coins and altcoins)
3 Applicable to a wide range of cycles (15-minute lines and above can be used)
4 Avoids the dullness of indicators
If you still feel confused and don't know how to start in this market, comment 333 to get on board!
