How to easily make 1 million in the cryptocurrency circle?

As a 7-year veteran, here are 6 tips for you! !

Step 1: Never think about making money. As long as you can fully implement your own trading system, trading plan, and trading principles, no matter what style you are in, as long as you can do it, you are already the first and have defeated most people in the market.

Step 2: Losing money in the cryptocurrency circle is multi-dimensional. The bull market frequently switches between long and short positions, plays with high multiples, buys options randomly, and lives towards death. You must withdraw money when you make money, because you don’t know when the original 519 will come back.

Step 3: Get rid of high leverage, get rid of frequent transactions, learn to withdraw part of the money you make, and never charge it back if you run away. Cherish the big bull market that God has given you. Most people don’t make money by their own ability, but just happen to get rich passively in this Kondratieff cycle.

Step 4: The first principle of bottom-fishing when the bull turns back to eat grass is to buy more when the market drops sharply and buy less when the market drops slightly. However, you must control your position. No matter how deep the retracement is, you cannot let a single position be too heavy and leave yourself some room for error.

Step 5: "Speculate on new assets, not old assets". New assets are the biggest outlet in the bull market. As long as you hit the outlet, it will be a natural process to gain wealth. So as long as the direction is right, even if you invest less money and sell it earlier, it will be very profitable.

Step 6: "Leading" effect, get used to buying the "leading" project of the track, and develop the habit of buying the leader. Many people buy the so-called "second and third dragons" because they missed the "leading", and there is also the risk of stepping into the pit. Generally, the real "leading" project has a very high ceiling, so what you think you missed may be only halfway up the mountain.

Bulls regain strength at the daily level!!!

A lot of people, they are almost all gone, there are many extreme market conditions. The spread should not exceed 400 points, otherwise it will be too uncomfortable in the future~

I will not give up until I can defeat the 🈳 army...

Today is the day for bulls!!
There have been big surges for several consecutive Mondays.

There are many callbacks!!! Look at the direction and go all out!!

Completed bottom pull-up in the morning!

If you follow these points in BiO, 99% of you can make a steady profit!

1. Any logic should form a closed loop. If you enter the market based on technical indicators, you should leave the market decisively when the technical chart goes bad, and don't look for reasons from fundamentals and market sentiment.

Enter the market based on fundamental logic. As long as the logic is still there, don't let technical analysis affect your own operations. Don't confuse them, and don't pay for the proof of your own logical errors.

2. Be cautious about bottom-fishing. There are many bottom-fishing on the hillside. Of course, if you have enough funds to spread the cost, if not, please correct it.

Many people have a misunderstanding about bottom-fishing, that is, they think it has bottomed out in the middle of the decline. The truly valuable bottom-fishing is to make a callback of the upward trend, not to take over the market under the plummeting trend.

3. Don't enter the market when there is good news at a high position! Most of the good news is to attract retail investors to follow suit, because the main force of the news has known in advance. If there are not many followers, they may pull another wave to lure more. If there are too many followers, the main force will directly ship and cause a big drop!

4. Position management is very important. My trading principle is 30% short-term and 30% long-term. The position is used for wave rolling operation, so that it can be used for attack and defense.

It is not necessary to have no position to spread the cost when the market environment is not good. This is also a great opportunity. Unformed transactions are just random fights. After a few rounds, who has real skills and who is just dancing can be seen clearly.

5. Establish your own trading principles and implement them firmly. Intraday fluctuations are the easiest to affect emotions. Before the market, there is a plan for your own positions, when to leave the market, and when to enter the market. There is a framework. Only one thing to do during the market is to execute the previous plan.

6. Control positions. The biggest difference between novice and mature investors is position control. Because there is uncertainty, there is always a time when you walk by the water and you will get your shoes wet. Therefore, if the position is properly controlled, you can be targeted and not passive.

7. Make your own trading plan in advance and strictly execute it during the trading session. Don't let the market disrupt your trading plan. Integrate it with the overall environment and participate if the conditions are met. If they are not met, do not go against your plan. It is better to miss it than to make a mistake.

How do day trading experts make money in the cryptocurrency world?

Tips 1. Like other types of trading, day trading also requires a trading system. If you want to make stable profits, you must rely on some long-tested technology, including entry and exit signals, stop loss and take profit, position size, etc. Otherwise, the intraday trend is often chaotic and disorderly, and your own operations are upside down, so how can you talk about profit? How can you talk about stability?

Tip 2: Since there is a system, intraday trading does not necessarily have to be done every day. Only trade in the market that you can understand and the market that belongs to you. Have awe of the market. You can be undecided about taking profits, but you must be decisive about stopping losses. Only in this way can you survive in the market;

Tip 3: It is best to look long and short in intraday trading. For example, according to the one-minute K-line operation, it is very necessary to analyze the 5-minute, 30-minute and even daily K-line first. Because the intraday trend is up and down and unpredictable, it is a very important skill to close the position in time for profit;

Tip 4: Like any transaction, trading is always accompanied by personal emotions. Intraday trading is more intense because of watching the market all the time. Don't let yourself fall into a certain obsession, don't be angry about the market, don't be too heavy and let yourself fall into an irresistible loss, don't stop loss and let yourself become meat on the chopping board at the mercy of others, you must maintain a calm and relaxed mentality.

Tip 5. You must remember that all the theories and techniques you know, all the experiences and ideas you have are just knowledge (in the scope of knowing). In this market, the only thing you can control is stop loss and take profit (in the scope of doing). Always control stop loss within the range you can bear. This is the highest principle, which overrides all theories and techniques. As for stop profit, that is a higher level.

Summary of the reasons for losing money in cryptocurrency trading:

1. Improper coin selection. Failure to understand the logic of coin selection, lack of patience when selecting targets, and hasty decisions without fully considering whether they are suitable for the current market environment.

2. Learning misunderstandings. There is a deviation in the perception of cryptocurrency trading. It is believed that cryptocurrency trading is just a simple keystroke, but the difficulty of achieving long-term stable profits and compound interest is ignored.

Although I study very hard, delve into various technologies, and am obsessed with indicators, I may be obsessed with it. Ordinary knowledge is just common sense, not a trick, but many people mistake common sense for passwords.

3. Lack of independent thinking. Going with the flow in the cryptocurrency circle, without in-depth analysis and independent judgment of the market, is easily influenced by the opinions of others.

4. Insufficient risk awareness. Not understanding the existence of systemic risks and non-systemic risks in the cryptocurrency circle, and not taking corresponding risk prevention measures.

5. Lack of systematic thinking. Failure to form a systematic thinking system of "Tao, Shu, Fa, Qi, Wu, Xin", not knowing how to respect market rules, and lack of self-reflection and understanding.

6. Not enough pattern. To make big money, you need a big pattern. However, many people often get entangled in small opportunities and miss big opportunities.

7. Too greedy. In a bull market, greed can easily lead to a loss from profit. Taking the elevator of a currency is also a manifestation of greed. Blindly operating in a market that is not suitable for you, and gambling with large positions on small probability opportunities are all greedy.

8. Too confident. Many leeks have a mysterious self-confidence. There is nothing wrong with self-confidence, but overconfidence becomes conceited and easy to run into a wall in the market.

9. Too superstitious about experts. Overly superstitious about economists, big Vs, VCs, institutions, etc., thinking that they are the masters of the market. But in fact, there is no god in this market, and Buffett is not a god.

We should respect the market, fear the market, and realize our own insignificance. Making money is often an opportunity given by the market, and losing money is often because we do not do a good job of risk control.

Four "fatal traps" of liquidation

Lao Wang often warns everyone that when investing, you must be careful of the four deadly pitfalls of liquidation, which are extremely harmful.

1. High leverage - the source of losses

Although high leverage has high returns when it is done right, it is easy to liquidate when it is done wrong. It will be addictive when you taste the sweetness at the beginning. After losing money, you want to make up for it with higher leverage, but the result is often getting deeper and deeper. To survive in the market, you have to stay away from high leverage.

2. Carrying orders - the road to self-destruction

If you don't stop loss when the direction is wrong, you still increase your position, cancel or change the stop loss position, which will make the loss continue to expand and accelerate the liquidation.

3. High leverage + frequent trading - crazy loss mode

If you lose a lot once, you are eager to make it back on the same day. If you open a position with high leverage and make a mistake, you will stop loss, and then repeat the operation, and lose more and more until you lose everything.

4. Imagination and obsession - psychological pit

If you don't admit that the market is wrong, you firmly believe that the turning point is coming soon, continue to increase your position, change the stop loss to hold on, or immediately open a new order against the trend after stopping loss, and finally you can only lose everything.

How can a newbie survive in the cryptocurrency circle?

1. Only invest in the currency assets that you understand

When we judge a new digital currency, we must first consider the level of its commercial value.

For those applications whose commercial value is not feasible or not large enough, we should be vigilant enough. Look at its development stage and risk situation?

Whether a project is worth investing, its development stage and risk are also factors that must be seriously considered.

2. Learn to control your position. My understanding is that you should not go all in when you come up, and it is the top priority to always keep a part of cash to cover your position.

Many people in the market lose money because of this. You must know that no matter how good the token is, it will not only rise but not fall. Even if the long-term rise is good, there will be fluctuations in the short term.

3. Try to find ways to improve your ability to make money off-site and ensure continuous cash input.

4. Don't chase the rise and fall. Don't start thinking about changing positions as soon as you see other tokens rise quickly. I have tried several times and never made money once.

5. Split your positions. No matter how optimistic you are about a certain target, don't go all in on a token.

6. Be patient. Don't think that you will be wrong if you don't buy it now. The most lacking thing in the market is always money, not opportunities. Please remember this sentence!

Don't think about making a big profit in one go. Patience is a very precious thing in both the currency circle and in life.

It fell back to the previous low in the morning and continued to short!

If you have a premonition that there will be a big drop, just go with the flow!

The snack rebounded, and I felt that it was not very strong, so it is better to leave first!

Eight tips to make you a master of cryptocurrency trading! ! !

1. If you are stuck and make up for your position to protect your principal, it is greed to expect profit.

When trading in cryptocurrency, there will always be a few coins that are stuck. At this time, remember not to dream of turning losses into profits. Being eager for quick success will only make you sink deeper and deeper. Honestly make up for your position and keep your principal, so that you can make steady progress.

2. When the water surface is calm, beware of the big waves behind.

The cryptocurrency market is calm on the surface, but there are undercurrents. Don't be fooled by the small increase in front of you, stay alert and beware of the next big shock.

3. After a big increase, there will be a correction, and the K line will draw a triangle for many days.

The price of the currency is soaring, don't be overjoyed. Because after that, there will inevitably be a correction. Look at the K line, isn't it an equilateral triangle outlined for many days?

4. Buy Yin instead of Yang, sell Yang instead of Yin, and go against the market to be a hero.

Buying coins should be done when the price is falling, and selling coins should be done when the price is rising. Do the opposite to achieve a surprise victory.

5. Don't sell when the price is not rising, don't buy when the price is not diving, and don't trade when the price is sideways.

Don't rush to sell when the price is rising, and don't rush to buy the bottom when the price is diving. When the price is sideways, you should control your hands and wait and see.

6. Look at the support level in the upward trend, and the resistance level in the downward trend.

When the price of the coin is rising, pay attention to the support level to prevent a fall.

When the price of the coin is falling, pay attention to the resistance level so as to buy the bottom.

7. Full position operation is a taboo, and it is not advisable to act alone. You should know when to stop when the price changes, and enter and exit freely while watching the opportunity.

Don't operate with a full position and bet everything on one throw. The currency market is impermanent, you must know how to stop when you see a good opportunity, and enter and exit freely. Wait and see how it changes, and you can seize the best opportunity.

8. The mentality of currency speculation is a big harm, and greed and fear are big harm.

Short villa by the sea!

Ten essences of cryptocurrency trading that are so accurate that they are scary.

1. Don’t be too greedy, because there is no end to the money in the cryptocurrency circle.

2. Don’t be too afraid, because the dealer will not let the big cake collapse.

3. The main force is also difficult, and they are also afraid that they can’t ship.

4. When falling, the currency with a large volume at the bottom must be paid attention to, regardless of whether it is really broken through.

5. Maybe if you hold on for a while, the wash will be over.

6. With a mid-term mentality, hold a large position in a currency, keep some in your hand, sell at highs, and take over at lows. Rolling operations are the best strategy.

7. The most important thing for short-term trading is to look at the four elements of K-line, emotion, heat, and rising speed.

8. It is safest to buy currencies that are bottoming out.

9. It is the most correct to buy currencies that are gradually accelerating their rise.

10. The most worthy application is the divergence of technical indicators, not the value of the indicator