How can you quickly get 200,000 yuan with 6,000 yuan in cryptocurrency trading?

The essence of trading, in short, is to stop loss in time when making mistakes, hold on to the right things firmly, and gain big profits with small losses, thereby magnifying the profit and loss ratio

Go with the trend: Use a simple moving average as the basis for dividing long and short positions, and firmly go long above the moving average, and only go short below the moving average.

Be cautious in testing positions: While following the general trend, enter the market against the small trend. When entering the market, be sure to consider the potential profit and loss ratio, that is, if the entry position is wrong, the stop loss should be small and clear; if it is correct, the profit space should be large and attractive. This usually happens at the bottom or early stage of the trend.

Strict stop loss: Once the key point of the test position is broken, you must stop loss decisively, and don't take chances. If the price rebounds later, you can look for a suitable entry opportunity again. Remember, don't resist orders because of luck, and don't spread out losses.

Position increase strategy: When the trend is clear and there is floating profit, timely position increase is the key to making large profits. When the price rises as expected and then pulls back, you can add positions at the support level of the pullback or when it breaks through the previous high, and continue to follow the big trend and go against the small trend.

Adjustment of trend position stop loss: For the newly added trend position, the stop loss point should be moved to the new key point. At this time, the bottom position is already in a safe position, and you only need to pay attention to the stop loss risk of the added position. If the position fails to be added, stop loss in time and wait for the next opportunity; if the trend continues, hold the position firmly, wait for the pullback to add positions again, and continue to adjust the stop loss point. Stop profit until the last move is stopped or a clear head signal appears.

Rational stop profit: Do not stop profit easily, which is the key to making large profits. Exit can be done in batches, but it is best to exit at one time to wait for the head signal with the highest probability. For right-side traders, floating profit retracement is a normal phenomenon and needs to be accepted calmly. Don't try to sell at the highest point, and don't be unwilling to miss the highest point and wait for the next high point to sell. $BIFI $BTC