The journey of trading coins, from 50,000 to 20 million. After going through ups and downs, these experiences... Trading insights

1. Divide your funds into 5 parts, and only enter one-fifth each time! Control a stop loss of 10 points; if you make a mistake once, you only lose 2% of your total funds, and only lose 10% after 5 mistakes. If you're right, set a take profit of more than 10 points. Do you think you will still get stuck?

2. How to improve the win rate again? Simply put, it's about going with the trend! In a downtrend, every rebound is a trap for buyers; in an uptrend, every drop creates a golden opportunity! Do you think it's easier to make money by bottom fishing or by buying low?

3. Do not touch coins that have surged rapidly in the short term, whether they are mainstream or altcoins; very few coins can create several waves of main rising waves. The logic is that it's quite difficult to continue rising after a short-term surge. When the price stagnates at a high level, it will naturally fall later; it's a simple principle, yet many people still want to take a gamble.

4. You can use MACD to determine entry and exit points. If the DIF line and DEA cross upwards below the 0 axis, once it breaks the 0 axis, it is a stable entry signal. When MACD forms a dead cross above the 0 axis and runs downwards, it can be seen as a signal to reduce positions.

5. I don’t know who invented the term 'averaging down', but it has caused many retail investors to stumble and suffer big losses! Many people keep averaging down as they lose more and lose even more when they average down; this is the biggest taboo in trading coins, putting yourself in a dead end. Remember to never average down when you're in a loss, but to increase your position when you're in profit.

6. Volume and price indicators are paramount; trading volume is the soul of the coin market. Pay attention to volume breakout when prices are consolidating at low levels.

7. Only trade coins in an upward trend, as this maximizes your chances and saves time. When the 3-day moving average turns up, it indicates a short-term rise; when the 30-day moving average turns up, it indicates a medium-term rise; when the 84-day moving average turns up, it indicates a main rising wave; when the 120-day moving average turns up, it indicates a long-term rise.

8. Insist on reviewing each session, check if the coin holding strategy has changed, technically look at whether the weekly candlestick trend matches your judgment, and whether the direction has changed trends; timely review and adjust trading strategies.