After 10 years of cryptocurrency trading, I made a profit of 20 million from 700,000 yuan when I entered the market, using only 5 warehouses. With this method alone, I can achieve a monthly return of 70%. I shared the essence of this with my apprentice, and he has mastered the operation. He has doubled his return in 3 months by using this method for short-term trading. Today, I specially sorted out my dry goods and shared them with those who are destined to collect them.
There is no doubt that everyone comes to the market with the same original intention. If you just want to have fun,
If you are here to kill time, then this is not the place for you. We come to the cryptocurrency world to earn more and make our families live better.
If technology is the premise of profit in the market circle, then the strict iron rule that needs to be adhered to is the key to long-term profitability.
If you want to treat cryptocurrency trading as a second source of income, want to share a piece of the pie in the crypto circle, and are willing to invest time in growth and learning, then don't miss this article, read it carefully, as each point is the essence of the stock market. It can be said that whether in a bull or bear market, these 8 iron rules can help you! I will also talk about my 10 years of experience in trading cryptocurrencies!
I can achieve financial freedom in the crypto circle!
These eight iron rules are essential to review before entering the market each day, allowing me to survive one round after another of major declines.
Today I share with friends who are destined to receive this, hoping for some inspiration.
1. At the time of entering the market, do not only look at the cryptocurrency K-line trends, especially for short-term trades where you also need to check the 30-minute K-line. The overall market must stabilize and resonate at that moment before you can enter. For example, sometimes you see a K-line with a long upper shadow and feel there’s no opportunity, but the next day it shoots up significantly or even hits the limit; actually, if you check the 30-minute K-line, the nuances are visible.
2. If the trend and order are not correct, just taking a second look can lead to mistakes. Follow the trend, and the order of rise cannot be disrupted.
3. If the short-term trade is not in hot spots or potential hot spots, it’s better not to trade.
4. Give up all impulsive entries. Trade according to your plan and plan your trades.
5. Any person's opinions or views are merely references; one should have their own careful consideration and analysis.
6. First lock in the direction and then select the coin. If the direction is correct, it will be twice the result with half the effort; if the direction is wrong, it will be twice the effort for half the result.
7. Intervene in coins that are currently rising. Guessing bottoms is a big taboo; it always feels like a rebound is imminent, then comes an ultimate shakeout. Stock prices always move towards areas of lesser resistance, so intervening in coins that are currently rising means choosing a direction with less resistance.
8. After big gains and big losses, empty your positions and re-examine the market and yourself. Clarify the reasons for big gains or losses, and then it’s not too late to act.
After years of trading, I've found that after a big gain or loss, emptying the position has a probability of being correct over 90%.
You think you are trading the market, but in fact, you are trading yourself. The outwardly glamorous success we see is just a result and a performance.
Behind every success is great perseverance and endurance; behind greatness is suffering. Time is the most valuable asset; endurance outweighs intellect, innate talent is not important, but mindset is crucial!
How to have a mature trading model in the crypto circle?
1. Period Consistency: Choose a trading cycle that suits your capital, time, and personality (intraday, swing, trend), and maintain consistency in the trading cycle.
2. Establish trading rules to form a trading closed loop: including entry standards, exit standards, stop-loss, and take-profit.
3. Risk Control: The important task of trading is risk management. This includes position size, capital management, stop-loss settings, etc., to ensure that risks are within a controllable range and your tolerance level.
4. Testing and Optimization: Use historical data and real-time calculations to test and assess the effectiveness of the trading system, making necessary adjustments and enhancements.
5. Discipline and Execution: Follow the trading system, strictly implement your trading rules, and maintain discipline in trading. In addition to the above steps, it also includes independent thinking, psychological management, emotional control, and other human factors outside the system.
To achieve financial freedom in the crypto circle, you must first set a clear goal: earn 1 million.
If you currently only have a few hundred thousand, and are busy trading every day, it actually holds little significance. It would be better to concentrate on your job.
This means that earning 1 million relies on trading, not simply investing 1 million.
Without sufficient understanding, investing 10 million may also lead to total loss.
Once you have a principal of 1 million, your trading perspective and life philosophy will change drastically.
Even owning property in a first-tier city, an annual income of 1 million can allow you to enter the top tier of Chinese society.
For ordinary people, this income is almost unspendable.
To earn 1 million, you only need to initially invest 50,000, and this 50,000 can also be made risk-free.
You can first invest 100,000, and when the opportunity to exploit retail investors arises in the crypto circle, decisively buy the spot and earn a profit of 100,000.
Then, use 50,000 of that 100,000 profit to bet on bigger opportunities.
If you want to make big money, you must dare to take risks. Take advantage of favorable opportunities to roll over your funds, using two to three times leverage, and you can achieve profits in just one or two operations.
If you lose 50,000 in profit, reinvest 50,000 and continue to bet. After the profits are exhausted, stop chasing and rely on that 100,000 principal to continue making profits.
But this requires unimaginable patience.
It's easier said than done.
This model not only allows you to chase opportunities for rapid wealth in the cryptocurrency circle, but also effectively reduces the risk of major losses.
Do not believe those hoarding lies; without sufficient off-market profit-making ability, hoarding is simply deceiving retail investors.
If someone hoards 100 BTC, and you hoard a few, isn't that self-deception?
The volatility of BTC has significantly decreased, and one must use leverage to have the possibility of becoming wealthy.
Ride the fastest horse, wield the sharpest sword, drink the strongest wine, and climb the highest mountain! I am the clear sky, having experienced three cycles of bull and bear markets, in multiple financial fields here, penetrating the fog of information, discovering the real market here. Seize the leading opportunities, uncover truly valuable chances, and don't miss out and regret!
