Be fearful when others are greedy, and be greedy when others are fearful. In the cryptocurrency world, you should be greedy when others are fearful to the extreme, and be fearful when others are greedy to the extreme. In the cryptocurrency world, there are no fixed indicators like price-to-earnings ratios. This peak is hard to grasp; usually, when it rises, it seems endless, and when it falls, it feels like a bottomless pit.
I have been trading cryptocurrencies for 3 years, growing my initial capital of 50,000 to 10 million. 1:) HODL Method: Suitable for bull and bear markets. The HODL method is the simplest yet the most challenging strategy. It’s simple because it involves buying a specific coin or a few coins and holding them for over six months or a year without trading. Essentially, the minimum return is typically tenfold. However, beginners often get tempted by high returns or panic when the price of a coin drops significantly and consider selling or switching coins. Many find it hard to hold for even a month, let alone a year. This is why it can also be the most difficult.
2:) Buy the Dip Method: Suitable only for bull markets. Use a portion of spare cash, preferably not exceeding one-fifth of your total funds. This strategy is suitable for coins with a market cap between 20 and 100, as you won't be stuck for too long. For example, if you buy the first altcoin and it rises by 50% or more, you can then switch to the next coin that has dropped sharply, and so on. If your first altcoin is stuck, just wait; in a bull market, it will definitely recover. The premise is that the selected coins shouldn’t be too risky, and this method can be hard to control, so beginners should be cautious.
3:) Hourglass Switching Method: Suitable for bull markets. In a bull market, almost any coin you buy tends to rise. The funds act like a giant hourglass, slowly flowing into each coin, starting with large coins. There’s a clear pattern to price increases: leading coins like BTC, ETH, DASH, and ETC rise first, followed by mainstream coins like LTC, XMR, EOS, NEO, and QTUM. After that, underperforming coins like RDN, XRP, ZEC tend to rise simultaneously, followed by various smaller coins taking turns to increase. However, if Bitcoin rises, you should choose the next tier of coins that haven’t risen yet before starting to build your position.
4:) Pyramid Bottom-Fishing Method: Suitable for anticipated major drops. Bottom-fishing method: Place orders to buy one-tenth of your position at 80% of the coin price, one-fifth at 70%, one-third at 60%, and one-fourth at 50%.
5:) Moving Average Method: You need to understand some basic candlestick patterns. Set indicator parameters to MA5, MA10, MA20, MA30, MA60, and select a daily chart. If the current price is above the MA5 and MA10, hold your position. If MA5 drops below MA10, sell the coin. If MA5 rises above MA10, buy and build your position.
I was born in 1993, a full-time cryptocurrency trader with assets in the tens of millions. I feel unaffected, living a leisurely and free life without deception or intrigue, living the life I want. My daily routine now consists of reviewing yesterday's trades in the morning, supplemented by updates from the previous night, combining with my positions and specific circumstances to make swing trades or small capital short-term operations to enhance my market sense. Then I conduct a 2-hour review summary, which is the most important task in the morning, aimed at making a good profit at night! In old age, I also have a place to reflect on my memories and enjoy writing about investment experiences and insights, helping others and myself. Trading cryptocurrencies is a form of practice; enduring loneliness is the key to success. After 10 years, with real money, I have established the "Five Investment Rules + Ten Trading Rules + Stable Investment Plan" through hard work in the crypto space. Regardless of whether you are a novice or an experienced trader, once you deeply understand the essence of these rules, I believe it will help you in future trading. The Five Investment Rules: 1. Consider and observe projects from multiple angles; do not follow the crowd. There have been many scam projects in this space, and once the founders run away, there is no legal recourse. 2. Understand blockchain and related knowledge; know the industry pain points that blockchain solves before entering the crypto space. 3. For the projects you want to invest in, make sure to understand them comprehensively. Know if the project genuinely uses blockchain technology, whether the founder has publicly disclosed their identity and background, and whether the business logic is closely related to the token. Check if there are similar projects in the same industry already solving industry pain points, and if the project can generate profits in real life if successfully implemented. 4. If you cannot accurately assess the project's prospects, do not invest more than 20% of your assets in blockchain investments, and do not put all your eggs in one basket. 5. Quality projects will also have ups and downs, so maintain a calm mindset. For the investment projects you are optimistic about, do not worry too much about the price in the short term; pay attention to whether the team's development progress aligns with the white paper. Additionally, only by holding long-term can you ultimately earn more returns. Furthermore, if you are confused about contracts, you can come to me!! I will help you reap significant rewards!!
There is a very foolish way to trade cryptocurrencies that allows you to maintain 'eternal profit.' Last year, I played around with 200,000, and now it’s 20 million, easily making a hundredfold profit. The summary of my experience is below for everyone's reference and learning! Making money from trading is actually this simple; you just need these three steps! Master them, and you can easily multiply your account by 10 times! Step 1: First, look at the trend Step 2: Then find the key levels Step 3: Look for entry signals Entering, profiting, closing, and leaving—doesn't it seem simple? Let’s go into more detail below. Step 1: First, look at the trend. The state of a market can lead to three main outcomes: rising, consolidating, or falling. What constitutes a major trend? Look at charts with periods longer than 4 hours, such as 4-hour, daily, or weekly charts (my personal habit is to look at 4-hour charts). If it’s rising, go long; if it’s falling, go short; if it’s consolidating, don’t trade. Step 2: Finding key levels. Whether the trend is rising or falling, it will bounce like a bouncing ball, jumping level by level from bottom to top or top to bottom. What we need to do is enter the market at the point of its jump and exit at the next landing point. How to find the precise steps becomes crucial. #Bitcoin is what we refer to as key levels (main support and resistance levels). Step 3: Finding signals. Generally, if you spot a trend in a larger timeframe, you should look for trading signals in a smaller timeframe to enter the market. #Ethereum. Everyone has their own strengths in trading strategies; mastering one or two is sufficient. What’s more important is to quickly formulate a trading strategy. A complete trading strategy includes (1) Asset—what to trade; (2) Position—how much to hold; (3) Direction—long or short; (4) Entry point—at what point to trade; (5) Stop loss—when to exit a losing trade; (6) Take profit—when to exit a winning trade; (7) Countermeasures—how to respond to unexpected situations; (8) Follow-up—actions after the trade ends.
How long does it take to make a million in the crypto world? Actually, one year is enough. Trading full-time in cryptocurrencies, with its ups and downs, the real money is made by seizing these two bull markets! Earning 100,000 a year and earning 1,000,000 a year require completely different mindsets. To earn 100,000 a year, you just need to work hard, become an executive or run your own business; there are many ways to do this. But if you want to earn 1,000,000 a year, trading cryptocurrencies is one path to consider for full-time trading. 1. Risk Management: Stick to a certain percentage of your principal for each trade (e.g., 10% or less). This can help you avoid significant losses in bad trades and give you the capacity to participate in more trading opportunities. 2. Patience and Confidence: Maintaining patience in investing is crucial. Many investors close their positions too early due to a lack of patience, missing out on potential market returns. As long as your initial analysis and judgment are not disproved by new market information, you should maintain your position.
3. Self-Discipline in Executing Plans: Creating a plan and strictly adhering to it is key to maintaining consistency and avoiding emotional trading. Overtrading is often driven by greed and fear, leading to losses.
4. Take Profit and Stop Loss: When trades are profitable, adjusting your take profit and stop loss points can maximize gains while protecting realized profits. It is essential to be ready to exit at any moment and to act immediately when market trends reverse.
5. Avoid 'Naked Running': Always set a stop-loss point when entering a trade to protect your capital. In an unpredictable market, not setting a stop-loss is equivalent to being exposed to risk without protection.
6. Control Position Size: Even if trades start to profit, avoid increasing your invested capital. This can prevent potential large losses caused by blind confidence.
7. Long and Short Operations: Switching from long to short positions requires high judgment and market insight. Unless there are clear signals of market changes, it is not advisable to easily adjust your position direction.
8. Cautious Scaling: Even if you are accustomed to market fluctuations and trading smoothly, any time you increase investments, you need to be cautious, as overconfidence may obscure risk recognition. However, even experienced investors need to be reminded that the challenges of the crypto market lie in its unpredictability and the different driving factors compared to traditional markets. Therefore, even if careful measures like those mentioned above are taken, investment decisions may still face losses. Continuing to educate yourself, respecting the market, and being prepared to take responsibility for any outcomes is crucial for long-term success.
The Ten Realms of Cryptocurrency Trading, Which Level Are You At? Level 1: Just entering the crypto market, ambitious and full of passion! Holding 1000 U, dreaming of making a big move. Level 2: Obsessed with buying and selling every day. Level 3: Gradually realizing that money isn't that easy to make, losing more than gaining, and the words of big influencers aren't that effective. Therefore, I start to learn to analyze news, but later find out it's all a trap, beginning to doubt value investing. Level 4: Evolving from a novice to a retail investor, starting to analyze cryptocurrencies and study technical indicators. Gradually able to make small profits, but most of the time it's losses, with a mix of short and long trades, operations have become chaotic. The more I understand, the less money I have, starting to doubt myself. Level 5: New retail investors become old retail investors, starting to have their own understanding of the market, but at the same time falling into new confusion, easily making self-assumptions, wondering what to do, what went wrong, with a gradually collapsing mindset. Level 6: Through continuous practical experience, discovering a trading model of my own, able to earn more and lose less, gradually controlling my mindset. Level 7: No longer looking at any technical indicators, starting to observe "trends", rhythms, and emotions, slowly figuring out my own "way". Level 8: Having a unique trading model, strict discipline, holding coins but feeling detached, with no significant emotional fluctuations, able to move freely. Level 9: No longer obsessed with the crypto market, treating the coin circle as a fixed profit investment space, most interested in narrative research and philosophy. At this point, I have understood that investing is the principle of life! Level 10: Nothingness, which is everything.
Fans start at 6000u, plan to double in 7 days Second Day Currently 12319 u.
..Entering short positions, slashing 755 u. A new round has been readjusted, and the results are completely in line with my expectations, the market has surged directly. You can go long or short anytime and anywhere, but the retail traders can't control their hands, often losing their capital before the bear market hits the bottom. Retail traders are not defeated by the market; it’s the market’s ups and downs that make them restless and lead to their own defeat.
No more greed, I'll take profits and run. Help fans strictly defend! Prevent profit drawdown. Holding on to over 400 points.
Opportunities never favor anyone; only the right choices matter.
If you often feel confused, try following Chen's operational strategy, learn when to hold on and when to let go!
Both long and short positions are exhausted, and the shorts have finished, not gaining much.
Restarting, when you feel confused about stop-loss and trend analysis, why not come to Brother Chen's analysis to learn when to hold on and when to let go.
There is no need to strive for perfection in every operation; what matters is unwavering determination. Although the gains this time are small, they demonstrate a series of victories.
Publicly advancing into the void, are you keeping up? This wave will slay 2040u
In the fluctuations, seek victory; in turmoil, find stability. In times of adversity, true heroes shine. We must be adept at discovering those unknown golden opportunities amidst the market's ups and downs.