Starting from a principal of 60,000, it gradually rolled over to more than 5 million, and then later to 24 million, only using this trick to master the methods of buying and selling, organized as follows
1. Those who can buy are apprentices
The best operating method in the coin circle is:
a. Regardless of bull or bear market, 5 layers of positions must be BTC, ETH, and the remaining 5 layers of positions should seize big opportunities
b. When the bull turns back, many altcoins are priced at 10% or even 1%. At this time, it is very cheap to buy some promising altcoins with widespread consensus and then wait for the bull market to arrive.
c. During a bull market, various hotspots emerge, such as artificial intelligence, gamefi, RWA, public chain, and platform token sectors in this bull market. You can participate in hot speculation with a small amount of capital. After earning more than 5 times, take profits in time and convert everything into BTC and ETH. Clearly distinguish what is 'living' and what is 'playing around.'
The essence of finance is a Ponzi scheme. When the tide goes out, you will know who is swimming naked. Leaving in time before the bubbles of various new projects burst is a very smart move.
Second, those who can sell are masters
Trading coins has turned into shareholders. Never think that you can sell at the highest point; the highest point can only be known after the fact. Two more reliable selling methods: target profit-taking method and technical indicator method
Target profit-taking method: Contentment is happiness; money cannot be earned endlessly, and nothing can rise indefinitely. Fluctuations are the essence of the trading market; everything has cycles. Set your profit target or expected price in advance; for example, if you need 1 million to buy a house this year, then set a price that can earn you 1 million, place the order in advance, and execute automatically when the target is reached. Alternatively, use the ATH price as a reference point, as breaking through the previous high is very difficult. When breaking through the previous high, there is often a major drop, so sell.
The price of a single hanging is about 4% below the peak of the stage
Technical profit-taking method: Set MACD to (12,26,9), choose the 5-day moving average and 7-day moving average for K-line chart. When the 5-day moving average crosses down into the 7-day moving average forming a dead cross, and the MACD's DIF line crosses down through the DEA forming a dead cross, it means a major drop is about to begin.
Taking ETH as an example, ETH experienced a sharp drop on December 4, 2021, a sharp drop on September 7, and three major drops on May 13, all of which indicate that this theory is quite correct
3. Those who can hold cash positions are the ancestors
In a bull market, firmly hold coins; in a bear market, firmly hold cash. The highest realm of trading is to hold cash because holding cash waits for a major drop. Entering to clean up the mess when corpses are everywhere can achieve the greatest profits. Holding cash is still very difficult because you must endure long periods of dull waiting and the FOMO mentality after others continuously make money. Based on ETH's fluctuations, there is still a good chance of 4-5 times a year for a 20% drop!
