The Secrets of a Decade-Long Coin Trader: Eight Ironclad Investment Rules for Success 🚀

robot
Abstract generation in progress

Ten years in the crypto world. From skeptic to pro. At first, I ignored technical analysis. I foolishly relied on my intuition. I lost. Then a mentor appeared. He lent me 400 thousand dollars. A second chance. Now I have assets worth 50 million. Every day brings about 50 thousand in income. It seems incredible, but it's a fact.

Eight Iron Rules of Investing 🔥

  1. Preserve capital in stagnation Coins stuck? Don't chase quick profits. It will only get worse. Replenish assets. Save the foundation.

  2. Calm water hides a high wave ⚠️ The silence in the market is deceptive. Sudden spikes happen out of nowhere. A small increase can be misleading.

  3. After the rise – the fall 📉 Euphoria from the price increase? Don't be deceived. A correction will come. Like clockwork. Triangles will appear on the chart.

  4. Against the Crowd 💎 Buy when it falls. Sell when it rises. It sounds strange, but it works exactly like that.

  5. No extremes and sideways 🧩 Peaks? Bottom? Don't rush. It's better to just watch in a sideways market. And wait.

  6. Levels – your beacons 🔍 Growth? Watch the support. Drop? Watch the resistance.

  7. Never everything at once 🌊 Don't put everything on one card. Know when to stop. The market changes - so should you.

  8. Emotions are a bad advisor 🧘 Greed and fear kill the trader. Stay calm, no matter what happens.

Triangle Method – Your Key to Success 📐

Triangles in analysis are a powerful thing. There are different types:

Symmetrical triangle

Converging sides from left to right. Occurs everywhere. Break of the lower boundary when falling? It will continue to fall. Break of the upper boundary when rising? It will fly up.

Ascending triangle 🌄

Horizontal resistance, diagonal support. Usually during an uptrend. Did it break the high and then pull back? Here it is, the moment to enter!

Descending triangle 📉

Horizontal support, slanted resistance. Typical during a decline.

Triangles in Practice 🔧

  • The price is at the upper boundary and is pulling back? Sell!
  • Is it bouncing off the lower boundary? Buy it!
  • Break of the upper boundary? Signal to buy.
  • Break of the lower boundary? Signal to sell.

Essentially, these are support and resistance lines, but in a triangular form. They don't always work perfectly, it seems.

Coin Trading Strategies 🌕

  1. Accumulation — seems simple, but in reality, it's difficult. Buy, hold for six months. Don't touch. The profit can be tenfold. But few can endure. Nerves are not made of steel.

  2. Buying in a Bull Market — take a maximum of 1/5 of your capital. Coins with a capitalization of 20-100. Has it risen by 50%? Exchange for those that have declined.

  3. Pyramid buying at the bottom — is a drop on the horizon? Buy in parts: 80%, 70%, 60%, 50% of the peak. Distribute your capital: 1/10, 2/10, 3/10, 4/10.

  4. Moving Averages — technical indicators will indicate when to enter and exit.

The cryptocurrency market requires patience. And discipline. And constant learning! There is no easy money. But there are right decisions. 🚀

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)