How much can top cryptocurrency trading experts endure? My mentor, when I first entered the market, spent 80% of the time waiting and 20% operating, and within three years, he traded up to seven figures. The method is simple and practical; he only makes one or two trades a month, entering the market only when he sees the opportunity, spending more time fishing or playing with kids. In a year, he catches a few waves of the market, and I summarize these key points for making money.
Don't cry if you haven't gotten on the train! The secret to making money in the cryptocurrency circle: Recognize yourself and follow the right people; that is the path to wealth! From an ordinary small-town youth to a cryptocurrency player, the core of changing fate is not luck but recognizing yourself and finding the right 'guide'. Whether from weak to strong or from small to large, life is a process of continuous learning and advancement.
In the cryptocurrency circle, the turning point of fate is particularly rapid, but likewise, opportunities are fleeting; time and choices are the lifeline of wealth. Why does your effort seem meaningless? Many people struggle in confusion but see no improvement.
There are only 2 core issues: First, you haven't found a truly skilled teacher; Second, you were deceived.
Being deceived is not scary; what is scary is still spinning in an inefficient circle after being deceived, unable to even perceive the truth of being 'deceived'. Take the cryptocurrency circle as an example; every day there are people shouting about 'sky-high breakthroughs' for new projects or new tokens, but the vast majority cannot distinguish which are opportunities and which are traps.
What you see may be doubled profits, but you have no access to the trading logic of the big players behind the scenes. From being a youth in an unknown small town to making a comeback in the cryptocurrency circle, my starting point is much lower than yours. I was born in a small inland rural town, with extremely limited information. When I was young, my family didn't even own a computer, let alone come into contact with 'Bitcoin' or 'blockchain'. It wasn't until 10 years ago that my life welcomed a turning point.
At that time, I had already graduated from school for a few years, hanging around some social circles in a small town but always lacking direction. By chance, I saw an introduction to Ripple (XRP) online. Making money in the cryptocurrency circle never relies on 'effort', but on information asymmetry and circle advantages. In this circle, time equals money, and your time value depends on the information provided by the circle you are in.
Do you remember the ICO boom of 2017? At that time, ordinary people had no idea what 'issuing coins' meant, while those within the circle had already started to lay out plans, purchasing tokens at low prices in advance, waiting for ordinary people to flood in to sell and earn tens or even hundreds of times the profit. Those who made a fortune were not smarter than you; they got the information and stood at a higher level in the circle. And you? Still watching others flaunt their profits in social circles, not even understanding what happened. The truth of high-end circles: It's not that they don't want to play with you; it's that you don't deserve to join. I dare say that 99% of ordinary cryptocurrency investors have no clear understanding of themselves.
They think that 'buying and waiting for a surge' is the true essence of investing. But have you ever thought about where this information comes from? The top players in the cryptocurrency circle hold core resources, and they have built their own closed-loop ecosystem. Like the early Bitcoin miner community, DeFi project development teams, and even some VC investors, the flow of information among them is something you cannot access. Therefore, while ordinary people are still discussing in groups 'whether to bottom out', those in the circle have already locked in profits, quietly waiting for the next opportunity. You have not been cut as leeks because you simply do not qualify to be leeks.
You don't even have the ticket to enter the battlefield, so how can you talk about success? How to make a comeback? Find truly skilled people and get close to them. Integrating into high-end circles is not about money, but about value exchange. If you cannot prove your worth, then actively paying for learning and seeking opportunities to get close to the big shots is the most practical approach. Even today, I have achieved a certain level of financial freedom, but I will continue to invest in my circle.
Spending tens of thousands of dollars each year to attend closed-door meetings and subscribe to top-level analysis reports is the most cost-effective investment for me. Unveiling the secrets of the cryptocurrency circle: Operators must grasp the five major laws of cryptocurrency trading regarding risk control and steady progress to accurately grasp market trends. In the cryptocurrency circle filled with opportunities and challenges, deeply analyzing the five major laws of cryptocurrency trading and technical analysis is crucial. This not only covers precise judgment of market trends and in-depth understanding of technical indicators, but also encompasses effective risk management among various aspects. The essence of the five major laws of cryptocurrency trading is key knowledge that every operator should firmly grasp.
Only by continuously learning these laws and improving their technical analysis ability and market insight can operators accurately grasp market trends and make wise investment decisions in the complex and ever-changing cryptocurrency market, opening the door to wealth appreciation. Operators should also remain vigilant, responding to market fluctuations with a steady mindset, ensuring they walk more steadily and further on the path of pursuing high returns.
Law One: Rapid rise and slow decline indicate accumulation. When cryptocurrency prices rise rapidly and decline slowly, the operator is accumulating for the subsequent rise.
Law Two: Rapid decline and slow rise indicate selling. Rapid decline and slow rise indicate that the market is entering a bearish phase.
Law Three: Volume at the top indicates no volume. If there is volume at the top and the price still has momentum, there is no need to rush to sell; if there is no volume, the momentum is exhausted, and it is advisable to exit quickly to avoid risks.
Law Four: Volume at the bottom indicates caution. If there is only volume at the bottom, it may be a pause in the decline, and it is not advisable to buy; if there is continuous volume, funds are flowing in, and it can be considered to stealthily enter.
Law Five: Trading the market and trading sentiment indicates collective volume. Trading the market means trading market sentiment, and transaction volume reflects market consensus and investor behavior patterns, dominating cryptocurrency price fluctuations.
Success equals small losses plus various profits accumulating multiple times. It is very simple to avoid major losses; survival is the first principle. When dangers hinder this principle, abandon all other principles. Operators must strictly adhere to this, regardless of gender.
Unity of knowledge and action (cryptocurrency circle version)
What is the unity of knowledge and action? I believe everyone has heard of Wang Yangming's books. The unity of knowledge and action means that what you think in your mind aligns with your actions when doing something. By seriously doing one thing, your success rate will greatly improve. In trading, if you carefully study step by step and use your guesses to verify your ideas, you can qualify as a true trader. How can you achieve the unity of knowledge and action? First: You need to understand that trading is probability theory and statistics; it is likely to happen, but there are also random reversals in the market. What you can do is respect the randomness of the market and cannot gamble all your worth.
Secondly, you must have unwavering belief in your technical analysis, turning it into a belief. When buying and selling signals appear, you must unconditionally obey and execute strictly. Additionally, if you make a mistake, your strategy should respond accordingly. Execute when you reach your set stop-loss conditions, such as bottom reversal types and bottom stop-loss strategies. If you achieve this, you can gradually realize the unity of knowledge and action in trading. The overall method of the 3-minute K-line strategy for short-term contract trading is as described above, while other details, such as market feeling, require understanding. Short-term trading is a labor-intensive task; after a long time, one may not be able to endure it, and the body cannot take it.
But tall buildings rise from the ground, short-term intraday trading can transition to intraday waves, intraday waves can transition to weekly and monthly, the principle is the same. Trading practical techniques: Intraday trading is mainly based on 3-minute K-lines. The practical techniques for intraday trading are as follows: First, choose the trading currency. Choose trading varieties with good intraday volatility. For these varieties, try to minimize the volatility of the peripheral market, while considering intraday trading costs.
Some trading pairs on exchanges have high intraday trading costs and should be gradually eliminated.
1. Observe the cyclical performance of cryptocurrency pairs. Cryptocurrency pairs are affected by each stage of the cycle. It is necessary to judge whether the market is rising, falling, or consolidating from the daily level cycle and to think about the main factors that logically evolve around this stage, as these factors create support or pressure at certain price levels.
2. Choose the observation period for intraday trading. There are 15 15-minute K-line charts, 75 5-minute K-line charts, and 8 hourly K-line charts. The closing time for each cryptocurrency is different at night, and K-line charts can be calculated using this method. Choose good entry points, control your position well, and sell at the right points.
3. Cost line selection. Prices are driven by capital trading, so when intraday market trends are generated, a stock is found to be running along a certain trend line, in line with the arrangement of minimizing marginal costs.
4. Important K-line assists trend. The shape of the K-line, especially the sunny or gloomy days of the 5-minute or 15-minute K-line, is worth studying. At the beginning, the trend needs this K-line to be established, and based on pre-judgment, intervene at the first moment.
5. Gradual accumulation. Any trade is merely trial and error, which means that going all in may suffer major setbacks. Therefore, advancing in batches is the best strategy. Based on the established position and funds, you can use a 1:2:1 strategy.
From experience, intraday trading of contracts is suitable for K-lines of several time periods: 1-minute line, 3-minute line, 5-minute line. The 1-minute line is commonly referred to as 'snatching hats'.
This trading method profits from extremely short trading opportunities, requiring traders to have no patience. Quick in and quick out. Generally, each profit will not be too much, and the stop-loss points set during trading are also few. This is generally suitable for low-fee or intraday trading. One more point: in this trading method, fees account for a large proportion of profits, so it is important to note that some varieties of 1-minute K-lines are not very active, and traders should try to avoid these varieties.
3-minute line: The 3-minute line is used by many intraday traders in this time period, with many trading opportunities every day. The prices are set within a volatility range, which also has a certain trend, avoiding situations where some indicators fail due to excessive fluctuations in the 1-minute line. This trading operation method allows for setting a larger profit target during each trade, and the stop-loss range can also be appropriately widened.
5-minute line: Further smooth operations can be performed based on the 3-minute line. Although the daily trading opportunities are fewer than those of the 3-minute line, once a trading pattern appears, it is relatively stable, and monitoring is not as tiring as the 3-minute line. The one-third method is a fund management operation, dividing the account funds into three parts to prevent full position trading. Capital is our lifeline; we must ensure our life is safe.
The application of the one-third method is to use one-third of the funds to build a position. If its direction is correct after building a position, we maintain one-third and do not chase orders midway. Chasing orders is often a measure that increases risk.
The one-third method can be decomposed into a one-sixth method and a one-ninth method, making operations more flexible. The market is brutal, so we must hone our skills to survive! Success is not accidental; opportunities are reserved for those who are prepared. If you are still at a loss in this market, just leave a message 111 to get on the train.
