I have been speculating in cryptocurrencies for several years. I started with 20,000 yuan and now I support my family by speculating in cryptocurrencies. The following is my hard-earned experience:

1. Divide the funds into 5 parts and invest only one-fifth each time! Strictly control the stop loss of 10%. If you make a mistake once, you will only lose 2% of the total funds. If you make a mistake 5 times in a row, you will lose 10%. If you operate correctly and set a stop profit of more than 10%, do you think you will be stuck?

2. The key to improving the winning rate is only two words: follow the trend! In a downward trend, rebounds are usually a lure to buy more, while in an upward trend, each callback often creates a "gold pit". Do you think it is easier to make money by buying at the bottom or by buying at a low price?

3. Don't touch those coins that have skyrocketed in the short term. Whether it is mainstream coins or copycat coins, there are very few coins that can go through multiple rounds of main rising waves. It is very difficult to continue to rise after a short-term surge, and it will naturally fall after stagnation at a high level. This is a simple truth, but many people always want to take a gamble.

4. MACD can be used to determine the entry and exit points. If the DIF line and the DEA line form a golden cross below the 0 axis and break through the 0 axis, this is a steady entry signal. When the MACD forms a dead cross above the 0 axis and runs downward, it is a signal to reduce positions.

5. The word "covering positions" has caused countless retail investors to fall! Many people make more and more losses, and the more they make more, the more they lose. This is the most taboo operation in currency trading. Always remember: do not cover positions when you lose, but increase positions when you make profits.

6. The volume and price indicators are the most critical references, and the trading volume is the "lifeline" of the currency circle. When the currency price is consolidating at a low level, you should pay attention to the large-volume breakthrough, and when the high-level volume is stagnant, you must exit decisively.

7. Only do currencies with an upward trend, so that the winning rate is the highest and time is not wasted. In the short term, look at the turning direction of the 3-day line, 30-day line, 84-day line and 120-day line. Only currencies in an upward trend are worth operating.

8. Insist on reviewing and checking whether your position logic has changed. Through technical analysis of weekly K-line trends, determine whether they meet expectations and adjust strategies in a timely manner.