Ten years of Cryptocurrency Trading, the top ten iron rules from losing everything to earning back ten million!

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Qianfeng has been in the cryptocurrency trading world for more than ten years, starting with a capital of 5000 yuan, making over 10 million during the bull market, and then losing everything within three years, losing an additional 7 million. In the end, relying on a borrowed 200,000 yuan, he turned things around and earned back 10 million. Along the way, I have summarized the top ten iron rules of cryptocurrency trading, which I will share with you today, hoping to help you avoid detours!
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Iron Rule One: Understand market sentiment; trading volume is the core indicator.
• Volume rises, price stabilizes: A significant increase in volume while the price remains stable may indicate the end of a downward trend.
• High trading volume and stagnant prices: A surge in trading volume with no significant price increase may indicate that a short-term peak has been reached.
• Price increase accompanied by increasing trading volume: During the price increase, the trading volume should maintain steady growth. An abnormal reduction or surge may indicate the end of the upward trend.
• Volume expands at key descending nodes: When the price drops to a key position, the transaction volume surges, and the downward trend may continue further.
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Iron Rule Two: Key Price Levels Guide Trading Decisions
• Support, Resistance, and Trend Lines: It is crucial to take decisive action when prices reach these key levels!
• Golden Ratio: I use it to accurately predict support and resistance, with significant results.
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Iron Rule Three: Comprehensive Market Analysis Across Multiple Timeframes
• One-Minute Chart: Capture precise entry and exit timing.
• Three-minute chart: Monitor the price fluctuation trend after entry.
• 30-minute to 1-hour chart: Capture the subtle changes in intraday trends.
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Rule Four: Stay Calm After a Stop Loss
• Stop loss means the end of the trade: Each trade is an independent starting point; don't let the past affect your judgment.
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Rule Five: Efficient Position Management Strategy
• Three-Stage Position Building Method:
1. Initial Positioning: Coin price surpasses the five-day moving average, first purchase.
2. Add Position: Break through the fifteen-day line and continue to add positions.
3. Waiting with a full position: Stand firm on the 30-day line and complete the position building.
• Strict Stop-Loss Discipline:
• Break below the five-day moving average, reduce positions;
• Break below the fifteen-day line, then reduce;
• Break below the 30-day line,全面撤退！
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Rule Six: The Selling Strategy is Equally Important
• High level breaks below the five-day line: moderately reduce positions and watch the changes.
• Break below the 15-day and 30-day moving averages: Act decisively to liquidate positions, leaving no regrets.
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Iron Rule Seven: Be wary of market news and don't let emotions dictate your pace.
• Frequent positive news but prices do not rise: Beware of the market makers dumping, and take profits in a timely manner.
• Negative news keeps coming but the price doesn’t drop: Perhaps it's a bottom signal, keep a close watch.
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Iron Rule Eight: Persist in reviewing trades and deeply explore trading experiences.
• Daily Review: Summarize the reasons for success and failure, and refine experiences.
• Regular Review: Analyze past trades, adjust strategies, and enhance awareness.
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Iron Rule Nine: Set profit targets, do not be greedy
• Clearly define profit range: decisively take profit when the target is reached, do not chase highs or sell lows.
• Learn to take profits in batches: Especially in a bull market, do not sell everything at once.
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Rule Ten: Mindset is King, Always Stay Calm
• When losing: Don't rush to recover, calmly analyze the mistakes.
• When making a profit: Don't be blindly confident, the market is always full of risks.
• Be patient and wait for opportunities: Do not rush, it is better to miss than to make a mistake.
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These iron laws are valuable experiences that I have gained through countless failures and successes. On the Cryptocurrency Trading journey, I hope you can avoid traps and move forward steadily!
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