From 3,000 to 30 million through trading coins! After going through ups and downs, these experiences... trading insights
1. Divide your capital into 5 parts, and only invest one-fifth each time! Control a stop loss of 10 points. If you make a mistake once, you only lose 2% of your total capital, and if you make 5 mistakes, you lose 10% of your total capital. If you are right, set a take profit of more than 10 points. Do you think you will still be trapped? The key is to set a good stop loss and take profit. Win at moderation! Lose to greed!
2. How to further increase the win rate? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap to attract buyers, and in an uptrend, every drop creates a golden opportunity! Which do you think is easier to profit from: bottom fishing or buying on dips?
3. Do not touch coins that have surged rapidly in the short term, whether they are mainstream or altcoins. There are very few coins that can make several waves of major upward trends. The logic is that it's difficult to continue rising after a short-term surge. When prices are stagnant at high levels, they will naturally decline later; it's a simple principle, but many people still want to take a gamble.
4. You can use MACD to determine entry and exit points. If the DIF line and DEA form a golden cross below the zero axis, and then break above the zero axis, it's a stable entry signal. When MACD forms a dead cross above the zero axis and runs down, it can be seen as a signal to reduce positions.
5. I don't know who invented the term 'averaging down', but it has caused many retail investors to stumble and suffer huge losses! Many people keep adding to their positions as they lose, and the more they add, the more they lose. This is the biggest taboo in coin trading, putting oneself in a dead end. Remember, never average down when you're in a loss; instead, add to your position when you're in profit.
6. The volume-price indicator is crucial; trading volume is the soul of the coin market. Pay attention when the coin price breaks out on increased volume at low levels during consolidation.
7. Only trade coins in an upward trend, as this maximizes your chances and saves time. When the 3-day moving average turns upward, it's a short-term rise; when the 30-day moving average turns upward, it's a medium-term rise; when the 84-day moving average turns upward, it's a major upward trend; when the 120-day moving average turns upward, it's a long-term rise.
8. Insist on reviewing each trading session, checking if there are changes in your holdings, and analyzing whether the weekly K-line trends meet your judgments. Is the direction trending to change? Adjust your trading strategy promptly. Save and bookmark for easier learning and practical use. Quickly achieve wealth multiplication!!!!
Learn and master how to rapidly increase wealth!!! 12 types of candlestick patterns suitable for buying! Recommended to save and bookmark!!! Watch carefully! Learn seriously! Remember diligently! If you want to continue learning, leave a message and I will continue to post next time.
A winner in cryptocurrency trading is worth billions, revealing the essence of trading coins is fantastic! Collect it well!!! 1. When trading coins, focus on the strong ones. If you're unsure, look at the 60-day moving average; buy when above it or add more, withdraw when below it. This strategy works most of the time.
2. If something suddenly rises over 50%, don't rush to chase it; it can be panic-inducing. It's more stable to buy at lower levels, with less risk, and potentially larger profits.
3. There are always signals before a big rise, such as small price fluctuations of 10% to 20%, but with low trading volume. At this point, slowly buy at low levels, and you’ll likely catch the wave.
4. When a new hot topic emerges in the market, the first few days will definitely be hot. Seize this opportunity and follow the big money to make money easily.
5. When a bear market hits, control your hands, and don't move for at least half a year. If the market is bad, trade less. Knowing when to rest is what makes you a master.
6. You should check back every week, not to see if you made a profit, but to see if your strategy is correct. If correct, persist; if wrong, revise. After a few months, your trading approach will be stable.
If you are new to the crypto world, remember these most effective trading mantras:
1. Buy sideways, buy dips, don’t buy verticals; sell at the peak of excitement;
2. Continuous small rises are real rises; continuous big rises mean it's time to exit;
3. A large surge requires a pullback; don’t dig deep pits or make big buys;
4. Main upswing acceleration must see a peak; sell quickly on sharp drops, sell slowly on gradual rises;
5. Sharp drops with low volume are intimidation; gradual drops with high volume mean pull back quickly;
6. Price breaking through the lifeline, don’t hesitate to make swings;
7. Pay attention to daily and monthly charts, build positions following the main force;
8. If price rises without volume, the main force is luring more in, don't stand guard;
9. Low volume new lows are signs of a bottom; increase in volume during rebound means it's time to enter:
In the crypto world, the simpler things are often the most effective. All mantras are the crystallization of wisdom.
Learn these mantras, keep them in mind, and apply them in practice; they will definitely help you avoid many detours.