Surviving and succeeding in the cryptocurrency market requires a series of strategies and mindset adjustments. Set reasonable position ratios, diversify investments, and avoid concentrating all funds in a single project or asset. Establish clear investment goals and exit strategies, avoiding greed and attachment to trades. Through various strategies, one can better survive and develop in the cryptocurrency market, effectively coping with the high volatility and uncertainty of the market. Ten years in the cryptocurrency market has honed my skills: from an 80% loss to a fortune of billions.
In the grand journey of digital currency, I have sailed for ten years, from my initial confusion in entering the market to now having a net worth exceeding 150 million. This journey has been filled with challenges, reflection, and transformation. Among them, the accumulation of 130 million in wealth directly stems from the wisdom and persistence in 'trading coins'.
Initially, I too was mired in difficulties, suffering an 80% massive loss. Faced with pressure and confusion, I chose self-redemption. By continuously simplifying my trading techniques and making things easier, I finally found my lighthouse in the sea of cryptocurrencies, realizing the dream of making a living through cryptocurrency trading.
In the first half of 2024, I achieved a profit of 15 million with my robust strategy, realizing an astonishing 50-fold increase in capital. If it weren't for withdrawing funds twice to buy a house, this figure could have soared to 85 times. Now, I can easily withdraw 100,000 each month from the cryptocurrency market, living a leisurely life, free from the deceit of the workplace, enjoying the true tranquility and freedom that belongs to me. With properties in Shanghai and Shenzhen, five luxury cars, and considerable savings and assets behind me, I am well aware that all of this is not a coincidence. The so-called 'cryptocurrency trading masters' are merely those who can accurately interpret market signals and strictly adhere to trading discipline. I am well-versed in the secrets of 'candlestick charts', where the changes in color hide the codes of price movements. With five layers of position management, I can easily achieve doubled profits, applicable to both spot and contract trading. I have passed this essence on to my apprentice, who has also achieved remarkable results in a short time. I want to say that the cryptocurrency market is both a stage for luck and an arena for skills. From an initial investment of fifty thousand to earning millions, I hitched a ride on the bull market; however, the subsequent million losses taught me the cruel truth that 'what is earned by luck will eventually be lost by skill.' Eventually, with solid skills and relentless effort, I stood up again, starting from two hundred thousand to attain my current financial freedom.
Here, the village chief summarizes eight iron rules to share with like-minded individuals:
1. Refuse to borrow for trading cryptocurrency: Maintain capital safety and avoid uncontrollable risks.
2. Invest spare money: Use money that you don't urgently need for trading, keeping a steadier mindset.
3. Be patient for the long term: Believe in the power of time, aim for the big fish rather than the small fish.
4. Act when the opportunity arises: If there are no good opportunities, observe the changes patiently.
5. Look at charts rationally: Charts are useful, but one should not be superstitious; they need to be combined with market trends.
6. Stay away from junk coins: Only invest in promising and genuine coins.
7. Avoid coins that have suffered significant drops: coins that have plummeted carry high risks, so caution is paramount.
8. Rest after a bull market: After market enthusiasm, take a step back and wait for new opportunities.
I also emphasized the importance of diversifying investments, not frequently monitoring the market, and setting stop-loss and take-profit plans. Remember, the boundaries of knowledge determine the boundaries of wealth; only by continuously learning and improving oneself can one remain undefeated in the cryptocurrency market.
Mindset is also crucial. In the face of market fluctuations, remain calm and rational, not becoming complacent with significant gains or panicking with significant losses.
The cryptocurrency market is a contest between retail investors and whales. Having cutting-edge information and first-hand data is essential to gain the upper hand. Welcome like-minded friends to join us in exploring and harvesting the wealth of the whales.
2024 has opened the curtain to a frenzied bull market, and the next two years will be an unimaginable golden period. Let us move forward together and create more brilliance on the journey in the cryptocurrency market!
