Since I started with 10,000 in contracts, my net worth has reached eight figures, and my journey in cryptocurrency can be described as a novel! Here are some takeaways!
1. If your initial capital isn’t very large, such as under 100,000, catching a significant market fluctuation once a day is already sufficient. Avoid being greedy and holding positions all the time!
2. When encountering major positive news, if you don’t sell on the same day, remember to sell when the market opens high the next day. Realizing profits often turns into negative news.
3. Market news and holidays are also very important. When major events occur, adjustments should be made in advance (reduce positions or even go to cash). Based on past experiences, significant events will definitely lead to major fluctuations. If you can’t predict the direction in advance, wait for the market to come and follow the trend!
4. The strategy for medium to long-term trading should always be to trade with light positions, leaving enough room for operation. Steady operations are the best strategy; avoid heavy positions.
5. Short-term trading focuses on following the trend, entering and exiting quickly. Avoid greed and hesitation. When the market fluctuates greatly, look for suitable entry points. If the market is stagnant and inactive, then stay in cash and wait patiently.
6. When the market fluctuates slowly, rebounds will also be slow. When the market fluctuates quickly, the corresponding corrections will also be rapid!
7. If you enter at the wrong point, promptly cut losses (do not hesitate to hold the position). Cutting losses is a form of profit; preserving capital is fundamental to survival in the market.
8. For short-term trading, it is essential to analyze 15-minute K-line charts. The KDJ indicator can help capture suitable entry points better.
9. There are thousands of techniques and methods for trading cryptocurrencies, but the most important thing is the mindset. A person’s mindset is crucial; the crypto world can easily make you feel the highs and lows. So adjust yourself accordingly.
I have been trading cryptocurrencies for 10 years. I used to avoid talking about Bitcoin, but now I make a living trading cryptocurrencies, relying on these 6 insights. I hope those who are destined to see this can take fewer detours.
1. Add more positions in the direction of the trend! If the market is active and the price is on an upward trend, you can 'enter early and exit late, enter more and exit less' to let profits run.
2. Confirm the support level before entering the market. The support level can be set according to your own strategy; for short-term trading, look at the 10-day moving average. Once it breaks and doesn't recover the next day, you should decisively exit.
3. If the price is at a relatively low level and there is increased volume with stagnation, and subsequent pullbacks do not break the support level, then it is a good time to enter. Increased volume with stagnation at a low level signals that the main force is entering, and a pullback that does not break support is a confirmation signal.
4. When trapped, you must forget your own cost. When there is a rebound, be brave to take profits, and wait for a pullback to re-enter. Don’t always think about waiting for the rebound to your cost level before you leave.
5. Trade strong cryptocurrencies; strong means that they can rise by more than 30% at any moment, but they can also have sharp pullbacks. If you encounter cryptocurrencies that often rise significantly, with a pullback of less than 30%, then you can enter. There will often be more opportunities afterwards.
6. When trading cryptocurrencies, don't forget your original intention. As long as the assets you are optimistic about do not break key support, be patient. Don’t chase just because others are rising quickly, and then when your choice rises, you chase again. This way, you will always be losing big while picking up small gains, and it's easy to chase at halfway up the mountain. That's it for today; follow the blogger to see the strategy as soon as possible!
8000u challenge to 300,000u, currently 158,214u (Day 19)
This trade gained 17,206u
Buying at 93,295—selling at 94,729, capturing 1,434 points
Entered a long position early in the morning, woke up to find my position gone, turns out it hit the take profit, really impressive, the direction was right, sleeping didn’t hinder the profit! This is how to win effortlessly, brothers! Did you catch it? $BTC $ETH #圣诞行情分析 #本周微策略是否继续增持BTC? #萨尔瓦多将“加速”增持BTC
In contracts, one can thrive, as long as one learns these eight key points with ease.
1. Risk control is paramount When trading cryptocurrencies, be cautious; risk control comes first. Do not blindly chase trends; allocate your funds reasonably. Set stop-loss and take-profit levels to avoid limitless losses.
2. Trend judgment is essential Clearly understand market trends; acting in accordance with the trend is key. Do not be overly concerned with short-term fluctuations; long-term trends determine wins and losses. Analyze technical indicators diligently and pay attention to market sentiment.
3. Do not chase highs or panic sell Chasing highs and panic selling can lead to losses; stable investment is the right path. Position yourself at lower levels and wait for the winds to change; exit at higher levels to prevent crashes. View price fluctuations rationally and do not be disturbed by market emotions.
4. Diversify investments and avoid greed Do not put all your eggs in one basket; diversifying investments reduces risk. A combination of multiple cryptocurrencies is more prudent; greed can lead to downfall.
5. Be patient and hold assets without anxiety Trading cryptocurrencies requires patience; do not panic over short-term fluctuations. Plan for long-term positions and wait for the right opportunity; stable profits lie ahead. Maintain a calm mindset and avoid impatience; hold your assets and await good times.
6. Learn diligently and inquire about the truth Collect ample market information; be diligent in learning and thinking. The investment field requires expertise; ask experts more and take fewer detours. Distinguish right from wrong to avoid traps and refrain from blindly following trends.
7. Strictly adhere to stop-loss to prevent deep losses Setting stop-loss is essential to prevent significant losses. Once the stop-loss level is reached, exit decisively without hesitation. Preserve your strength.
8. Maintain a calm mindset to enjoy profits
The path of investment requires stability; a calm mindset is crucial. Do not let profits cloud your judgment, nor be disheartened by losses. Stay calm and rational, enjoying the joy that investment brings.
The survival rule of the market is survival of the fittest, destined for a group of people to be eliminated by the market. War does not give soldiers a chance for explanations; the waves wash away the sand, and the ones that sink are the gold. $BTC $ETH #圣诞行情分析 #本周微策略是否继续增持BTC? #萨尔瓦多将“加速”增持BTC
8000u challenge to 300,000u currently 141,910u (Day 18)
This order gained 7750u
95872—95168 Control 704 points Earn and run
In the evening, Bitcoin fell all the way down, I took the opportunity to ambush in advance, and this is the result I've been waiting for. The task is already half completed, brothers! Don't dwell on past disappointments, lift your spirits, and embrace the most crucial month ahead with anticipation. Don't miss out again, Master Yin will accompany you all, bravely moving towards profit! $BTC $ETH #圣诞行情分析 #本周微策略是否继续增持BTC?
I have been a professional cryptocurrency trader for four years, with a capital of 50,000 yuan and a total asset of more than 4,000 yuan now.
14 points to remember when trading cryptocurrencies can help you avoid detours in the cryptocurrency circle! After years of ups and downs in the cryptocurrency circle, I have come up with some experience summary!
1. Luck and hesitation: Luck is the culprit for increasing risks, and hesitation will miss opportunities.
2. If long-term is gold and short-term is silver, then band operation is diamond.
3. Don't fill your warehouse easily at any time. This is conducive to a normal mentality, and it allows you to attack and defend in operation.
4. Eat the middle of the fish, leaving the head and tail for others
5. Frequent operations will definitely lose everything, and indecision will slowly bleed.
6. The mentality of cryptocurrency trading is first, strategy is second, and technology is only third.
7. The market is born in despair, develops in hesitation, and ends in madness.
8. Greed is the rag of profit, greed and fear are the taboos of investment.
9. Opportunities come from falling, cryptocurrency trading is about trading the future, and cash is king.
10. Buying depends on confidence, holding depends on patience, and selling depends on determination.
11. There are no absolutely accurate indicators, only retail investors who have a half-understanding of them. Indicators are useful to those who know how to use them, but harmful to those who don't.
12. If you don't stop loss when trading cryptocurrencies, you will definitely lose a lot of money.
13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.
14. Novices look at prices, veterans look at volume, and masters look at trends. $BTC $ETH #圣诞行情分析 #本周微策略是否继续增持BTC?
The first order of the opening red! Exiting steadily without greed!
Fans earned 5157u and secured 860 points
The exciting layout carefully prepared next is filled with numerous opportunities and hopes, preparing for the next event! $BTC $ETH #灰度SUI信托基金 #市场调整後的机会?
Master Yin is already in position, heading into the final sprint phase of the year. Friends with empty positions can join the discussion! $BTC $ETH #比特币战略储备 #比特币市场波动观察
8000u Challenge to 300,000u currently at 135,000u (Day 17)
This order gained 8,281u
100848—101538 captured 690 points
Have you all received this broken day's fortune? The evening market continues to chase long positions. Some fans who follow my trades know this, but I've noticed a problem: when trading contracts, people do not pay attention to position sizing and like to go all in! They leave no room for themselves and if they can't grasp the trend, they must use stop-losses, otherwise, they will die very quickly.
Nine contract skills, each one is experience and hard work; learning to turn around quickly is not a dream!
1. If your initial capital is not very large, such as within 100,000, being able to catch a significant market fluctuation once a day is already sufficient; do not be greedy, always stay vigilant!
2. When encountering major positive news, if you don't sell on the same day, remember to sell at the high opening the next day; the realization of good news often leads to bad news.
3. The news and holidays are also very important; when facing major events, adjustments should be made in advance (reduce positions or even go short). Based on past experiences, significant events will bring about major fluctuations; if you cannot grasp the direction in advance, then wait for the market to come and follow the trend!
4. The medium to long-term strategy must be to hold light positions, leaving enough operational space; steady operations are the best strategy, and do not operate with heavy positions!
5. Short-term trading focuses on following the trend, quick in and out; avoid greed and hesitation. In case of significant ups and downs in the market, find suitable entry points; if the market is sluggish, then wait patiently.
6. When market fluctuations are slow, rebounds will also be slow; when market fluctuations are fast, corresponding pullbacks will also be quick!
7. If you enter the wrong position or direction, then cut your losses in a timely manner (do not hesitate to hold the position); cutting losses is a form of gaining strength; preserving capital is the fundamental for survival in the market.
8. When trading short-term, you must know how to read 15-minute candlestick charts; using the KDJ indicator can help capture suitable entry positions better.
9. There are countless techniques and methods for trading cryptocurrencies, but the most important thing is still the mindset. A person's mindset is very important; the crypto world can easily make you feel the highs and lows. Therefore, adjust your mindset properly and avoid greed.
In the morning, I arranged a long order to enter the market and gained 3536u! Steady pocket
With a direction in mind, the operation is not confused! You are responsible for trusting the execution, and I am responsible for making plans. You can lie flat and easily maintain your income. Master Yin is waiting for you in the real market in the wind and rain. $BTC $ETH $BNB #BTC重返10万 #重大空投观察
To trade contracts, you must remember the following points! They are crucial! All practical advice! I hope this can help everyone.
1. Trading contracts is about leveraging small amounts for big gains. Experiencing losses is normal, but after a stop loss, there are two types of people: some will frantically open positions after a stop loss, while others will enter a cooling-off period. My suggestion is that if you encounter frequent stop losses, you should calm down, temporarily stop trading, and adjust your strategy.
2. Don’t rush to achieve success. Trading is not a means to get rich overnight. When experiencing losses in trading, maintain a calm mindset, don’t rush to open positions, and especially don’t go all-in.
3. It’s important to watch the big trend. When you see a one-sided market, you should follow the trend and not trade against it. Trading against the trend is the root of losses. Whether you are a beginner or an experienced trader, many have the habit of trading against the trend. However, once the market trend is formed, trading against it often leads to severe lessons from the market. Therefore, we must learn to follow the trend and patiently wait for opportunities to act.
4. You must manage your risk-reward ratio well; otherwise, it will be difficult to make money. Let your profits be greater than your losses as much as possible, and at least achieve a 2:1 ratio before considering opening a position.
5. Frequent trading is a major taboo in contracts. If you are not a contract expert, you must restrain the impulse to open positions blindly, especially for new players who are passionate about the market and want to seize every opportunity. However, most so-called opportunities will lead to losses. 6. Only make money within your understanding; this is very important.
7. Don’t hold positions. Holding positions in contracts is a major taboo, especially for beginners. You must set stop losses; holding positions is the beginning of a downward spiral. I remind you again: do not hold positions.
8. When making profits, don’t get carried away; getting carried away will lead to losses.
Follow along to avoid getting lost! I will share with everyone at irregular times every day! $BTC $ETH #BTC重返10万 #BTC投资案未获微软股东同意
This trend is already very clear, the trend is clear at a glance, if not now to seize the victory, when? Many fans asked about the strategy, I always make plans before taking action, accurately grasp the market direction, and the rest will come naturally.
From 98520 to 99399, successfully captured 879 points.
At midnight, the battle started again, Master Yin was at the helm, leading us to the peak, and to the glorious appointment together! #BTC投资案未获微软股东同意 #币安ME开盘 $BTC $ETH
The evening CPI is truly impressive, it seems to be as I expected, it surged up first
98031-98709 Grab it and run, no greed
As expected, after the darkness comes the dawn, believe in Master Yin, victory will surely belong to you. [Fist]#XRP逆势反弹 #BTC投资案未获微软股东同意 #币安ME开盘 $BTC $ETH
The opportunity for the cryptocurrency circle is coming tonight! There are still 2 hours left before the big storm countdown, and the CPI tonight will be another sleepless night! Master Yin has a direction in mind, and if you are not sure, we can discuss it together! #币安ME开盘 #BTC投资案未获微软股东同意 $BTC $ETH