Ten Years of Trading Coins: The Top Ten Iron Rules from Losing Everything to Earning 10 Million! 🔥

-
Having been in the crypto world for over ten years, starting with a principal of 5000 yuan, I made over 10 million during the bull market, then lost everything within three years and ended up losing an additional 7 million. Finally, I turned my fortune around with a borrowed 200,000 and earned back 10 million. Along the way, I have summarized the ten iron rules of trading cryptocurrencies, which I hope will help you avoid detours!
-
Iron Rule One: Understand market sentiment, trading volume is the core indicator.
• Volume increases and price stabilizes: A significant rise in trading volume while prices remain stable may indicate the end of a downtrend.
• High trading volume with stagnant prices: A sharp increase in trading volume without a significant rise in prices may indicate that a short-term peak has been reached.
• Price increase accompanied by increasing trading volume: During the upward trend, trading volume should maintain steady growth; abnormal reductions or surges may indicate the end of the upward trend.
• Trading volume increases at key drop nodes: When the price falls to a key position, the trading volume surges, and the downtrend may continue further.
-
Iron Rule 2: Key price levels guide trading decisions
• Support, resistance, and trend lines: decisive action is key when prices reach these critical levels!
• Golden Ratio: I use it to accurately predict support and resistance, with significant results.
-
Iron Rule Three: Comprehensive Analysis of the Market Across Multiple Timeframes
• One Minute Chart: Capture precise entry and exit timings.
• Three-minute chart: Monitor the price fluctuation trend after entry.
• 30-minute to 1-hour chart: Capture subtle changes in intraday trends.
-
Rule Four: Stay Calm After a Stop Loss
• Stop loss means the end of the trade: Each transaction is an independent starting point, don't let the past influence your judgment.
-
Iron Rule Five: Efficient Position Management Strategy
• Three-Stage Positioning Method:
1. Initial Positioning: The coin price rises above the five-day moving average, first purchase.
2. Add positions: Break through the fifteen-day moving average and continue to add positions.
3. Full position waiting: Stand firm at the 30-day moving average and complete the position.
• Strict stop-loss discipline:
• Break below the five-day moving average, reduce position;
• Break below the fifteen-day line, then reduce;
• Break below the 30-day line,全面撤退！
-
Rule Six: Exit strategy is equally important.
• The high breaks below the five-day moving average: moderately reduce positions and watch for changes.
• Break below the 15-day and 30-day moving averages: decisively liquidate positions, leaving no regrets.
-
Iron Rule Seven: Be cautious of market news, don't let emotions dictate your rhythm.
• Frequent positive news but prices do not rise: Beware of the market makers offloading, take profits in a timely manner.
• Negative news continues to emerge, but prices do not fall: This may be a bottom signal, stay tuned.
-
Iron Rule 8: Stick to reviewing and deeply explore trading experiences.
• Daily Review: Summarize the reasons for success and failure, and extract experiences.
• Regular Review: Analyze past trades, adjust strategies, and enhance understanding.
-
Iron Rule Nine: Set profit targets, do not be greedy.
• Clearly define profit zones: decisively take profits when targets are reached, do not chase highs or sell on dips.
• Learn to take profits in batches: Especially during a sharp rise, do not sell everything at once.
-
Iron Rule Ten: Mindset is King, always remain calm.
• When in loss: Don't rush to recover, calmly analyze the mistakes.
• When profitable: Don't be blindly confident, the market is always full of risks.
• Be patient and wait for opportunities: Don't rush, it's better to miss than to make a mistake.
These ironclad rules are the valuable experiences gained from countless failures and successes in the world of money. On your journey of trading cryptocurrencies, may you avoid traps and move forward steadily!