Three years of cryptocurrency trading, sharing my experience from 10,000 to 10 million: How to win in a stable way?
In the past three years, I have gone from 10,000 yuan to 10 million yuan, and the road has been full of trials and experiences. The following are some key experiences summarized, I hope to inspire everyone:
1. Fund management is the cornerstone of success
Divide the funds into five parts, use only one-fifth each time, and set a strict stop loss line - the loss of each order does not exceed 10%, and the total capital loss is controlled within 2%. Even if there are five consecutive mistakes, the total loss is only 10%, but once the opportunity is seized, the profit can often easily cover the loss.
2. Go with the trend, don't go against the current
• Don't rush to buy the bottom when it falls, most of them are traps to lure more, wait patiently for clearer signals.
• Don't rush to sell during the rise, this may be a "gold pit", low-buying is more stable and reliable than buying the bottom.
3. Stay away from currencies that surge in the short term
Whether it is mainstream or altcoins, there are very few currencies that continue to surge, and most of them will fall into stagflation or even pullback after the surge. Don't bet on the miracle of a high surge.
4. Make good use of technical indicators
• MACD is a practical tool: when the DIF line and the DEA line cross below the 0 axis and break through the 0 axis, you can consider buying; on the contrary, when the cross crosses above the 0 axis and goes down, you should consider reducing your position.
• There should be a method to cover your position: never cover your position when you lose money, and only add positions appropriately when you make a profit, otherwise you may get deeper and deeper.
5. Trading volume is the soul of the currency market
• Pay attention to the breakthrough of low-level volume, which is an important market signal.