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Trading cryptocurrencies for 10 years, I’ve achieved a small goal of 1.1, and I want to change my fate. You must try the crypto world; if you can’t get rich in this circle, ordinary people will have no chance in their lifetime. Last month, I was fortunate to share a drink with a big shot in the crypto circle, discussing the ups and downs of the market.
His words deeply shocked me.
It turns out he once wiped out his account within three days due to a contract, losing as much as 50 million yuan. This experience was undoubtedly a profound lesson for him.
Looking back at my own journey in the crypto world, it has been full of ups and downs. From initially investing 50,000 yuan, to catching the bull market and earning tens of millions; to now reaching my small goal of 1.1.
My method of trading crypto is not complicated, but extremely practical. In just one year, I managed to grow my assets to eight figures. I’ve maintained a win rate of over 90%, thanks to my patience and precise judgment.
If you decide to spend your whole life trading crypto with this as your profession, these five major tips are recommended for you to memorize and repeat.
First: You must understand how to cut losses and take profits. We buy and sell coins for trading, for speculation, not to hold forever! When you’re making money, you think about earning more; when you’re losing, you’re unwilling to sell. This mindset is definitely wrong. When the trend of your position goes wrong, you need to sell decisively.
Second: Don’t always think about buying at the low point and selling at the high point. Because the market will only have even lower lows and higher highs. — Ordinary people like us can’t achieve this mechanism, so don’t overly pursue the so-called highs and lows.
Third: Volume and price must match perfectly. For those positions with rising prices but no volume, or reaching new highs without volume, we must be alert. It’s very likely a signal that the main force can’t unload their holdings and the rise is failing. Never chase after it; better to miss out than to make a mistake.
Fourth: React quickly. When an information appears, we need to immediately identify which sectors and companies will benefit. If you can’t keep up with the first tier, then you should act promptly; the second tier can also bring significant gains.