I have been trading cryptocurrencies for eight or nine years. I invested 120,000 to enter the market, and now I support my family by trading cryptocurrencies. I have summarized my hard-earned experience:

1. Cryptocurrency: Determine the type of cryptocurrency you want to trade. For example, Bitcoin (BTC), Ethereum (ETH), etc.

2. Position: Decide the amount you want to hold. This depends on your capital management strategy and risk tolerance.

3. Direction: Determine whether to go long (buy) or short (sell). This needs to be judged based on market trends and technical analysis.

4. Entry Point: Determine at what point to enter the trade. This can be decided based on technical indicators, support, and resistance levels.

5. Stop Loss: Set a point to exit a losing trade to control risk. Usually, a stop-loss level is set below the entry point.

6. Take Profit: Set a point to exit a profitable trade to ensure profits. A take-profit level is usually set at the target price.

7. Countermeasures: Develop strategies to respond to unexpected situations. For example, measures to take when significant news or volatility occurs in the cryptocurrency market.

8. Follow-up: Actions after the trade is finished. For example, recording trade logs, summarizing lessons learned, and adjusting strategies, etc.
After formulating the strategies, what you need to do next is to execute and then wait patiently, strictly adhering to trading discipline.
Quietly wait for the market to develop towards your expected goal. Over time, there are only two possible outcomes:

Loss: Summarize experiences, accumulate lessons, become stronger after setbacks. Losses are a normal trading cost; very normal.
Big Profit: Lock in profits; you can increase your position or adjust your stop-loss level to seek more profits.
This completes a trading process.

The ten realms of cryptocurrency trading, which one are you at?

Level 1: Entering the cryptocurrency market for the first time, ambitious and passionate! With the dream of 1000 U, I will do a great job.

Level 2: Obsessed with buying and selling every day.

Level 3: Gradually I feel that money is not so easy to make, I lose more than I earn, and the words of big Vs are not so useful. So I started to learn to analyze the news, but later I found that they were all traps, and I began to doubt value investment.
Level 4: Evolved from a novice to a leek, began to analyze currencies and study technical indicators. Slowly I can make a small profit, but most of the time I lose money, long and short lines are intertwined, and the operation is already chaotic. I know more and more, but I have less and less money, and I begin to doubt myself.

Level 5: New leeks become old leeks, and they begin to have their own understanding of the market, but at the same time they fall into a new confusion, easily self-judgment, what to do, how to make mistakes, and their mentality gradually collapses.

Level 6: Through continuous actual combat, I have explored my own set of trading models, which can make more money and less losses, and slowly control my mentality.

Level 7: No longer looking at any technical indicators, starting to look at "trends", rhythms, emotions, and slowly figuring out your own "way".
Level 8: Already have your own unique trading model, strict discipline, have coins in your hands, no coins in your heart, no big fluctuations in your heart, and can move forward and backward freely.

Level 9: No longer obsessed with the currency market, regard the currency circle as a fixed profit investment place, like to study narrative and philosophy the most. At this time, I have understood that investment is the truth of life!

Level 10: Nothing is everything#美联储宣布降息50个基点 #加密市场反弹 #DODO助力Meme发行

I was born in 1986, a full-time cryptocurrency trader, with assets in the tens of millions. I feel unaffected, living leisurely and freely, without deception or intrigue, living the life I want.

Now my daily routine consists of reviewing yesterday's trades in the morning, along with updates from the evening news, combining my positions and specific circumstances to make swings 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 in the evening! As I grow older, I want a place to reflect and also love to write about investment experiences and insights, helping others while helping myself.
Trading cryptocurrencies is a form of cultivation; enduring loneliness is essential for success. After 10 years of trading, I have established "Five Major Investment Rules + Ten Trading Rules + Stable Investment Plan" with real money in this circle. Regardless of whether you are a novice or an experienced trader, understanding the essence of these rules will surely help you in your future trades.
Five Major Investment Rules:

1. Consider and observe the project from multiple angles; do not blindly follow others. There have been many clone projects in this circle, and if the founder runs away, there is no way to hold them legally accountable.

2. Understand blockchain and related knowledge, know the industry pain points that blockchain solves, before entering this circle.

3. For the projects you want to invest in, you must have a comprehensive understanding: whether the project truly uses blockchain technology, whether the founder's identity is public and their background is verified, whether the business logic of this project is closely related to the tokens, and whether similar projects exist in the same industry addressing the pain points. If the project is successfully implemented, does it have the ability to generate profits in real life?

4. If you cannot accurately assess the future prospects of a cryptocurrency, do not invest more than 20% of your assets when participating in blockchain investments, and do not put all your eggs in one basket.

5. High-quality projects will also experience fluctuations; maintain a calm attitude. For investment projects you believe in, 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 one ultimately earn more returns. #BTC再创新高 #加密市场狂欢 #ETH再度冲击4K

How do you handle a daily fluctuation of 5000 points? In a bear market, people like to hold positions, but if you stubbornly hold positions in a bull market, it will only lead to a dead end. It is recommended to have a defensive strategy without positions, so that you do not turn from active to passive!!!#BTC再创新高 #加密市场狂欢 #ETH再度冲击4K

Ran too early, only had a little soup [sad face], will look for another opportunity to operate, brothers in the empty warehouse can come to communicate!!! #ETH再度冲击4K #BTC再创新高

Night fluctuations are faster, positions are lighter, operations are more, always maintain a light position to reduce risk by half!!#加密市场狂欢 #比特币战略储备 #BTC再创新高

Keep a steady mind, accumulate little by little, and it is enough to get two or three orders every day! ! #加密市场狂欢 #ETH再度冲击4K #BTC再创新高

Can this trend reach 110000? #加密市场狂欢 #ETH再度冲击4K #比特币战略储备

I have been tied up and exhausted these past few days. If I can minimize losses, it's a gain. I will make a comeback on Monday!!! #加密市场狂欢 #ETH再度冲击4K #比特币战略储备

As an experienced cryptocurrency enthusiast, here are some tips for new investors:

1. First, adjust your mindset. Treat trading cryptocurrencies as a game; it doesn't matter whether you win or lose. Only then can you trade cryptocurrencies with ease in the market.

2. Use spare money for trading. The funds you use for trading cryptocurrencies should be money that, if lost, won't affect your daily life. Trading with spare money allows you to be comfortable with taking risks and letting go.

3. Make the most of your time to learn. If you want to trade well, quickly get a grasp of practical technical indicators and strategies. Engage in more practice and summarize your experiences.

4. Be cautious in your initial trades. Since new investors typically have limited funds, effectiveness is crucial. Especially for your first trade, prepare carefully to ensure a successful start. Before executing trades, make good use of simulation systems for practice, and only start trading with real money after gaining some experience. Otherwise, entering the market could result in losses that significantly affect your confidence.

5. Protect your principal. Using profits to trade cryptocurrencies will make your experience more relaxed and your operations more fluid.

Stay in the cryptocurrency space for the long haul and keep learning. To survive in the cryptocurrency world, you must continuously strengthen yourself and learn comprehensively!!! #BTC再创新高 #BTC重回关键位置后走势

Having traded cryptocurrencies for seven or eight years, I don’t have much except for experience. I’ve encountered all sorts of situations. Learning is crucial; as you play longer, you learn longer. I hope I can help everyone!

1. Once an uptrend begins, it won't easily end, so don’t be afraid of major pullbacks in the early stages. Be bold in entering the market. The most troublesome thing is waiting for a lower point; the longer you wait, the higher it goes, and you miss the opportunity.
2. In a bull market, there are often sharp price spikes. If your position isn’t fully loaded, try to wait for a pullback to go all in. Otherwise, you might get spiked unexpectedly, and most people can’t handle it.

3. It’s essential to manage your positions well. It’s best to have layouts in several key sectors because if you go all in on one sector that doesn’t move in the short term while others are surging, it’s the most frustrating situation. If you chase after it, you might get stuck, and after clearing your position, it might take off again in just a few days. Many people have experienced this, so either don’t buy, or if you buy, you must hold firmly. Your coins will eventually rotate; in a bull market, even the worst coins can rise five to ten times.

4. The market always rises amid disagreements. What a crowd criticizes is often an opportunity; when everyone is optimistic, that’s when the risk increases.

5. Don’t always think about high selling and low buying. Once you exit midway, you’ll find it’s hard to get back in. Short-term trading can be less profitable than simply holding and earning.

6. Every time there’s a pullback, the market experiences panic. Everyone says the bull is over, but in reality, it takes at least three or four major pullbacks before a bull market can potentially end. So don’t be afraid; you must have vision. As long as you can hold on and it’s not a trash coin, the next breakout could be yours! #BTC重回关键位置后走势 #比特币战略储备

14 points to remember when trading cryptocurrencies, which can help you avoid pitfalls in the crypto world! After years of ups and downs in the crypto space, I've summarized some experiences!

1. Luck and hesitation: Luck is the main culprit of increased risk, and hesitation can lead to missed opportunities.

2. If long-term is gold, and short-term is silver, then swing trading is diamond.

3. Never go all-in at any time; this helps maintain a calm mindset and allows you to attack when possible and defend when necessary.

4. Catch the middle part of the fish, leave the head and tail for others.

5. Frequent trading will definitely lead to losses; indecision will slowly bleed you dry.

6. The mindset in trading is paramount, strategy is second, and technique only comes in third.

7. Market sentiment arises in despair, develops in hesitation, and ends in madness.

8. Greed is the eraser of profits; greed and fear are major taboos in investing.
9. Opportunities come from declines; trading cryptocurrencies is about trading the future, cash is king.

10. Buying relies on confidence, holding relies on patience, selling relies on determination.

11. There are no absolutely accurate indicators; there are only retail investors with a partial understanding. Indicators are useful for those who know how to use them, but harmful for those who don’t.

12. Not setting stop losses in trading will inevitably lead to significant losses.

13. When others are fearful, we should be greedy; when others are greedy, we should be fearful.

14. Beginners look at price, seasoned traders look at volume, and experts look at trends. #BTC重回关键位置后走势 #比特币战略储备 #加密市场反弹

Yesterday was another crazy day, with a surge of over 7000 points, catching people off guard. At this time, it validates what I said before: without a trading method, having a stop loss is the best choice!!!#BTC重返10万 #加密市场反弹 #XRP逆势反弹

Last year we must hit 100,000 USD, set a goal for yourself, and let everyone have a good year!!!#BTC投资案未获微软股东同意 #加密市场回调 #市场回调抄底还是观望？

Drink some soup during the morning pullback, having soup early in the morning is quite good, there are issues with the trading method, brothers who are afraid of doing anything 🉑 come and communicate!!! #加密市场回调 #市场回调抄底还是观望？

A complete transaction requires a certain amount of time, and when hunting, it takes more patience to wait; the action happens in an instant, leaving more time in the warehouse to wait!!!#加密市场回调 #市场回调抄底还是观望？ #MicroStrategy增持BTC

The current price of the pancake is relatively high, and it will fluctuate greatly. Try to keep yourself in a cash position and patiently wait for opportunities. Ensuring that you can get two or three orders every day is enough. Follow A Feng, who is continuously laying out strategies, and feel free to communicate!!#加密市场回调 #市场回调抄底还是观望？ #MicroStrategy增持BTC

Missing it is just missing it, taking the pullback is still profitable!!!#1210超57万人爆仓 #加密市场回调 #MicroStrategy增持BTC

Quick in and out, I still prefer it this way, no need to worry, decisively putting it into my pocket!!! #加密市场回调 #币安MOVE开盘 #MicroStrategy增持BTC

Fast in and fast out, leave the market decisively and wait and see, do not drag your feet, and prevent profit withdrawal! ! ! #Meme齐涨 #粉丝代币板块普涨 #美财政部称BTC“数字黄金”