Cryptocurrency trading expert reveals: Five years of practical experience
I have been trading cryptocurrencies for five years. I entered the market with only 30,000 yuan at the beginning, and now I make a living by trading cryptocurrencies. Today, I will share with you the lessons I have learned from these years of hard work.
First of all, you have to divide your money into five parts when trading cryptocurrencies, and only use one-fifth of it to trade each time. Set a 10% stop loss line for yourself. If you are wrong, you will only lose 2% of the total funds. If you are wrong five times, you will lose 10%. Of course, there must be a bottom line for profit. You have to withdraw when it is more than 10%, and don't let your money be trapped.
Second, follow the trend to win more. When it falls, the rebound is mostly bait; when it rises, the fall may be a golden pit. There are many opportunities to make money now by buying at the bottom and buying at a low price.
Don't chase those coins that have skyrocketed in the short term. It is difficult for such coins to have a big increase again. High-level stagflation is too risky.
The MACD indicator must be used well, it is a good helper to judge entry and exit. If the golden cross below the 0 axis breaks through the 0 axis, it is a signal for steady buying; if the dead cross appears above the 0 axis and falls, it is a signal to reduce the position.
Remember, never add to the position when you are losing money, and consider adding to the position when you are profitable. If you are not careful, you will easily fall.
The trading volume indicator is also very important, it is the soul of the currency circle. Pay attention when the low-level volume breaks through, and be careful when the high-level volume stagnates.
In addition, only do the currency with an upward trend, so that the chances of winning are high and time is not wasted. If the 3-day line turns up, the short-term will rise; if the 30-day line turns up, the medium-term will rise; if the 84-day line turns up, the main rising wave is coming; if the 120-day moving average turns up, the long-term will be stable.
Finally, it is important to insist on reviewing whether the currency you hold is still logical, look at the trend of the weekly K line, and adjust the trading strategy in time.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
