In the trading field, there is a strange person in the cryptocurrency circle, a man from Beijing. Three years ago, he had no news after a phone call with me. At that time, he had three blow-ups due to playing contracts and his debts reached 60 million. Who would have thought that this was the beginning of his three-year seclusion. Now, he has not only paid off his huge debts, but also has a net worth of hundreds of millions. He earns seven figures a month in the cryptocurrency circle and eight figures a year!
We met again some time ago, and I carefully compiled his three-year retreat and verified it through thousands of transactions, with a winning rate of 98%. Now, I would like to share this precious experience with those who are destined to meet me.
Retail investors around the world often fall into the same vicious circle: they stubbornly hold on when they lose money, and rush to sell as soon as they make a profit, completely ignoring the trend and trading volume, and only focusing on the meager profit in their accounts. The correct approach should be to do the opposite: firmly hold on when you make a profit and let the profit run freely; once the loss exceeds 5% of the principal, stop loss decisively. If you can stop profit at 10% and stop loss at 5% each time, even if the winning rate is only 50%, the profit can reach 300% after 100 operations. However, human greed and fear make it difficult to integrate knowledge and action. It is important to remember that the trend is supreme and go with the flow. The trend is set, there is no need to over-analyze, follow the flow of funds, and do not make subjective assumptions or groundless assumptions. If you are not good at judging the trend, the moving average is a sharp weapon. The daily moving average determines the short-term, and follow up when the volume breaks through; the weekly moving average determines the medium and long-term, and according to this operation, you can get out when the position breaks. When the market is not good, resolutely wait for empty positions; when the currency market goes down, do not rashly buy at the bottom. The key to cryptocurrency trading is to focus on high-probability events and abandon low-probability luck. The courage to admit mistakes and stop losses in time is the foundation for a long-term foothold in the market, and its significance far exceeds temporary profits. No matter what method you use, you only need to study one carefully and use it to the extreme. When doing short-term trading, keep an eye on the 15-minute to 1-hour K-line chart, use the KDJ indicator to lock in the entry and exit opportunities of the day, and use the OBV indicator to understand the main intentions. The key difference between washing and shipping lies in the increase or decrease of volume. For currencies that are strongly attacking, if there is a risk warning announcement, the short-term can be regarded as a shrinking shock, and subsequent new highs can still be expected.
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