Three years of cryptocurrency trading, the secret of making 10 million from a small capital of 10,000: How to make money steadily in turbulence?
I have been struggling in the cryptocurrency trading business for three years, and my capital of 10,000 finally turned into 10 million. It has not been easy along the way, but I have learned a lot. Now, I will tell you some of my experience, hoping to give you some inspiration.
First of all, managing money is the key!
You have to divide your money into five parts, and only use one of them for each operation. If you lose, set a stop loss line, don't let one order lose more than 10%, so that if all five orders lose, you will only lose 10%. But if you seize the right opportunity, the money you earn can make up for the previous losses.
Follow the market, don't go against the trend!
When the market falls, don't rush to buy the bottom, it may be a pit. You have to wait for the signal to be clear before you act. On the other hand, when the market rises, don't rush to sell, it may be a good opportunity for you to make money. Be patient, buying low is much more stable than buying at the bottom.
Don't touch those coins that have skyrocketed!
Whether it is a mainstream coin or a copycat coin, most of them will pull back after a surge. Don't think it can keep rising, that's impossible. Don't be lucky, steady and steady is the kingly way.
Technical indicators, you have to know how to use them!
MACD is a very useful indicator. The DIF line and the DEA line form a golden cross below the 0 axis and then break through the 0 axis, then you can consider buying. On the other hand, if there is a dead cross above the 0 axis, don't hesitate, withdraw quickly. In addition, there are rules for covering positions. Don't cover when you lose, and consider adding positions when you make money.
Trading volume, you have to keep an eye on it!
Trading volume is the lifeblood of the currency market. A low-level breakthrough is an important signal. You have to follow the upward trend and look at the 3-day, 30-day, 84-day and 120-day moving averages. If they all start to turn up, the upward trend is stable.
After the transaction, you have to review it!
After each transaction, you have to look back and think about why you did it and whether you did it right. You also have to combine the weekly K-line and flexibly adjust the strategy.
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