Cryptocurrency Trading this year, after losing 700 thousand, making 10 million is my ten fundamental rule!

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It has been over 10 years since the money wind entered the cryptocurrency world. I started with a capital of 5000, made over 10 million in profits during the bull market, then lost everything within three years and lost another 7 million. Eventually, I took a loan of 20 thousand to get back on my feet and made 10 million. In this journey, I summarized ten fundamental rules for cryptocurrency trading, and I want to share them with you today, hoping it helps you experience fewer misconceptions!
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Rule 1: Understanding market emotions is key to trading volume.
- If the volume is increasing and not decreasing: If the trading volume is increasing while the price is not decreasing, this could be a bottom signal.
- Volume is increasing but the price is not rising: Trading volume is increasing but the price is not rising, it may have reached its peak in the short term.
- For the uptrend to continue, the volume needs to increase: During the uptrend, the trading volume must increase steadily; if the volume suddenly drops or a large volume appears, the uptrend may come to an end.
- Volume increase at critical level during decline: If there is a volume increase at a critical level during the decline, the downward trend may continue.
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Second Iron Rule: Key Levels Determine Trading
- Resistance levels, support levels, trend lines: Move quickly when the price reaches these levels!
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- Golden ratio: I use this for predicting resistance and support, and I get very good results.
Rule Three: Monitoring with Multiple Time Frames
- 1 minute chart: Look for entry and exit opportunities.
- 3-minute chart: Monitor the fluctuations after entry.
- 30 minute/1 hour chart: To identify intraday trend changes.
Rule Four: Don't Rush After Cutting Losses
- Stop Loss = Terminating the Trade: Every trade is a new beginning, don't let previous trades affect your mood.
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Rule Five: Simple and Practical Position Management Method
- Three Position Method:
1. The coin price has exceeded the 5-day average, make the first purchase;
2. Exceed the 15-day moving average, take the second part;
3. Exceed the 30-day moving average, buy the third portion.
- Tight Stop-Loss: If it falls below the 5-day average, sell the first portion; if it falls below the 15-day average, sell the second portion; if it falls below the 30-day average, sell all!
Iron Rule Six: There Should Be a Strategy When Selling
- Broke the 5-day moving average from a high level: First sell a portion, then observe the next movements.
- Falling below the 15-day and 30-day averages: Sell them all without hesitation!
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Iron Rule Seven: Position Increase is a signal of Stalled Rise/Stalled Fall
- Position scaling pause: The price is not increasing, the position is increasing, this could be the time to open a short position.
- Position increase pause: The price is not dropping, the position is increasing, likely close to a rebound.
Rule 8: Focus on a single type
- Gradual focus: Trading on only one asset for a certain period of time, continuously monitoring it, until it is believed to no longer hold speculative value.
Rule 9: Opportunities are always there, do not rush to recover losses.
- Stay calm after stopping losses: Don't rush to open a new trade to recover losses, each trade is independent.
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Iron Rule On: Sticking to the rules leads to consistent profit
- Rules are more important than mindset: Strictly adhering to trading rules and not acting emotionally is the way to achieve consistent profit.
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The secret to earning a stable income of over 10,000 U every day by trading Cryptocurrency full-time lies in these ten fundamental rules! If you continue to apply them, making money in the coin world will be as easy as breathing!
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Recently, the brothers who subscribed to the money wind have long moved on to eating the meat too!
Along with the success chart
#BTC #PI #ETH #GT #SOL