In the three years of cryptocurrency trading, I turned an initial capital of 10,000 into 10 million. Throughout this journey, I have gained a wealth of experience.
Capital management is key. Divide the capital into five parts, investing only one-fifth each time. Set a 10% stop loss, with a maximum loss of 2% of the total capital per trade. Even if you make five consecutive wrong trades, the total loss would only be 10%, but seizing one opportunity can often yield profits exceeding 10%.
Acting in accordance with the trend can improve the winning rate. Don’t rush to buy at the bottom during a downtrend; it’s often a trap to lure in buyers. During an uptrend, don’t hastily sell; it could be a golden pit, and buying on dips during a rise is much safer than trying to catch the bottom.
Stay away from short-term skyrocketing coins, whether mainstream or altcoins. There are very few that sustain continuous surges; after a spike, they often stagnate at high levels or reverse downwards. Don’t gamble with false hopes.
Use indicators wisely. When the DIF line and DEA line of the MACD cross upwards below the zero axis and break through it, consider buying. If they cross downwards above the zero axis, you need to reduce your position. There are strategies for adding to positions; do not add when at a loss, but do so when in profit; otherwise, it's easy to fall deeper.
Trading volume is the soul of the cryptocurrency market; breakthroughs at low levels are crucial to watch. I insist on only trading in uptrending coins, closely monitoring the 3-day, 30-day, 84-day, and 120-day moving averages. A turn upward signals a bullish trend, and the trends at each stage become clear. Every trade must be reviewed to examine the holding logic and weekly candlestick patterns, allowing for flexible strategy adjustments. Recently, I am poised to ambush the next potential coin that is expected to surge! ρꪊρρⅈꫀડ!
