As a full-time cryptocurrency trader, I always keep in mind the 10 iron rules of the cryptocurrency world, worth reviewing 100 times, and must be remembered!
I have been trading cryptocurrencies for 16 years now. In the first 3 years of entering the market, I brought 200,000 capital and lost it down to 10,000. Relatives and friends all advised me to give up, thinking that my trading was the dumbest method, neglecting my family and lacking ambition, etc.!
I have been insulted with the harshest words! At that time, I almost gave up and lost confidence in myself!
But I was unwilling to give up, swearing to my family to use the last 10,000 to give myself another chance! Then I continued to immerse myself in exploring, and later I...
Using the remaining 10,000 capital, I earned 2.75 million in 3 years!
No bragging! Once you truly summarize a set of methods that belong to you and strictly follow them, you can definitely turn things around!
In the cryptocurrency world, the legendary ten realms of trading:
Level 1: Just entering the cryptocurrency market, ambitious and full of passion! Holding 1,000 USD, dreaming of making a big splash.
Level 2: Obsessed with daily buying and selling, completely trusting the words of influencers.
Level 3: Slowly realizing that money isn't that easy to earn, losing more than gaining, the words of influencers are not that effective. So I began learning to analyze news but later found it was all a trap, starting to doubt value investing.
Level 4: Evolved from a novice to a seasoned investor, starting to analyze coins and study technical indicators. Gradually able to make small profits, but most of the time losing, long and short trades intertwined, operations have become chaotic. The more I understand, the less money I have, starting to doubt myself.
Level 5: New investors becoming seasoned ones, starting to develop their own understanding of the market, but also falling into new confusion, easily losing track of how to do things, how to go wrong, causing a gradual collapse of mindset.
Level 6: Through continuous practical experience, I have explored my own trading model, and I can now earn more than I lose, slowly gaining control over my mindset.
Level 7: No longer look at any technical indicators, starting to observe 'momentum', rhythm, and emotion, slowly exploring my own 'way'.
Level 8: I have developed my own unique trading model, with strict discipline, holding coins with a calm mind, free from large fluctuations, able to enter and exit smoothly.
Level 9: No longer obsessed with the market, treating the cryptocurrency space as a fixed income investment place, most interested in studying narratives and philosophy. At this point, I have understood that investing is the principle of life!
Level 10: Nothing, is everything! I am currently at Level 10, directly engaging in the primary market instead of the secondary market, ambushing Marvin, strengthening community promotion of the Musk concept, currently up 8 times. What level are you at?
In the ups and downs of the cryptocurrency space, I have experienced 10 years of seasons.
From the initial 50,000 capital entering the market, to now being able to support my family through trading cryptocurrencies, I have encountered countless twists and turns along the way.
Today, I am willing to share the hard-earned experiences of these years, hoping to give you some insights as you strive on this path.
Firstly, capital management is crucial. I always insist on dividing my capital into several portions, investing only a small part for each trade.
The benefit of doing this is that even if the judgment is wrong, it won't cause too much impact on the overall funds.
At the same time, strictly set stop-loss points, and once reached, decisively exit, never staying in a losing position.
This steady operating method can maintain calm amidst multiple market fluctuations, avoiding falling into deep traps.
Secondly, the importance of going with the trend; in this circle, the trend is everything.
During a decline, every rebound may be a trap for the greedy.
During an uptrend, every pullback may be a good buying opportunity.
Learn to follow market trends, do not easily go against the trend, and capture profitable opportunities in multiple trades. Additionally, always remain vigilant toward coins that surge in the short term.
These types of investments often carry extremely high risks. If you miss the best buying opportunity, it's easy to get stuck at high prices. Focus on those coins that rise steadily and have great potential; they may not make you rich overnight, but they are stable and reliable. During trading, use technical indicators for auxiliary judgment.
MACD, volume-price relationship, etc., are tools I often use. They help better grasp the market rhythm and find the best timing for entry and exit.
Persist in reviewing trades, summarizing and reflecting on them daily, constantly optimizing my trading strategies. Trading should avoid blind following.
Everyone has their own trading style and rhythm; one should not blindly imitate others. Only by finding a trading method that suits you can you establish yourself in this circle.
My 10 years of trading career have made me deeply realize that trading is not just a battle of technology and wisdom, but also a test of mindset and perseverance. Only by maintaining calm and steady operations can one go further in this circle.
I hope my experiences can help you navigate this path with fewer detours and more composure and confidence.