Three years of cryptocurrency trading, sharing my experience from 10,000 to 10 million: How to earn steadily?
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. Here 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. Follow the trend, don't go against the flow
• Don't rush to buy the bottom when it falls, most of them are traps to attract more, wait patiently for clearer signals.
• Don't rush to sell during the rise, this may be a "gold pit", buying on the downside is more stable and reliable than buying at the bottom.
3. Stay away from coins that rise in the short term
Whether it is traditional coins or altcoins, there are very few coins that keep rising, and most of them will fall into stagflation or even reversal after the rise. Don't bet on the miracle of a high rise.
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 must be a method to cover your position: never cover your position when you lose money, and only add positions appropriately when you make profits, otherwise you may get deeper and deeper.
5. Trading volume is the lifeblood of the foreign exchange market