Cryptocurrency trading varies from person to person. If you don't touch contracts and only do spot trading, your chances of getting rich are greater than other investments. As a man who has gone from a huge loss of 8 million to current financial freedom, I will share with you some details.
I am 32 years old this year. I started to trade in cryptocurrencies at the age of 22. My funds will reach 8 figures in 2023-2024. Now I have to stay in high-end hotels with a cost of about 2,000 yuan. My suitcases and hats may have crypto symbols on them. It is much more comfortable than the older generation who do business or e-commerce. I have almost never experienced business with people, and I have few worries. The most important thing about trading in cryptocurrencies is a good attitude, and technology is second.
After 10 years of cryptocurrency trading, the core trading secrets that have enabled me to achieve stable compound interest
1. Buy early when the price drops early, and sell early when the price rises early: If you see the price of the currency plummet in the morning, don't panic, as this may be a golden opportunity to enter the market; on the contrary, if the price of the currency soars, you need to be alert to the risk of a pullback and reduce your position in time.
2. Afternoon strategy: If the currency price continues to rise in the afternoon, you need to be cautious in chasing high prices and avoid standing guard at high positions; if it plummets in the afternoon, you don’t have to rush to buy the bottom, you can observe the market reaction the next day and then make a decision.
3. Keep a stable mentality: It is very important to stay calm in the face of market fluctuations. When the market drops sharply in the morning, avoid panic selling; when the price of the currency is sideways, you can rest and keep a clear mind.
4. Follow the trend: When the trend is unclear, avoid blind trading. Do not sell unless the price goes up, do not buy unless there is a pullback, and wait and see when the price goes sideways.
5. Yin-Yang Line Strategy: When buying coins, it is safer to choose to buy on the Yin line; when selling coins, wait until the Yang line appears before considering selling in order to obtain higher returns.
6. Thinking against the trend: Although following the trend is the basic principle of trading, in some cases, going against the trend can also create miracles. Only those who dare to challenge the market conventions can become real winners.
7. Patient observation: When the price of the currency is fluctuating, do not rush for success. Wait patiently for the market trend to become clear, and then act decisively, so that you can win.
8. Risks after sideways trading at high levels: When the price of a currency suddenly rises again after sideways trading at high levels, you need to be alert to the risk of a callback. At this time, you should decisively reduce your position or leave the market to avoid being trapped at high levels.
9. Hammer Doji Warning: If the market shows a Hammer Doji pattern, it means that the market is about to turn. At this time, you need to pay close attention to market dynamics, operate cautiously, and avoid the risks brought by full position operations.
The magic order I have been preparing for these few days is about to be launched!!!
If you want to get on the bus, please click the avatar and look carefully! ! !
