Newbie must-read, seven years of accumulated stable earning experience.
Newbies in the crypto world want to quickly turn a few thousand yuan into 1 million; you just need to remember what I say in these few sentences, and you've already succeeded halfway! 1. Short Line 1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hotspots, news, daily MACD golden cross, BOLL contraction and expansion, combined with market trends, comprehensively consider and select volatile varieties for trading. 2. Control your position: 50,000 divided into 20% means 5 parts, each time taking one part to open a position. 3. Never go all in, at most 50%, always keep 50% in reserve waiting for opportunities. 4. Do not place more than 3 orders in a day, and keep it under control. 5. Never average down; if you incur a 30% loss upon entering a position, withdraw in a timely manner. This indicates that the timing of your entry was incorrect. 6. Set a stop loss at 30%. If it breaks, close the position unconditionally. Do not hold onto the position; holding onto it will lead to losses. 7. Never fall in love with candlesticks, enter and exit quickly, remember!!! 8. Go with the flow, trends are king, only engage with mainstream projects, not with counterfeit niche varieties! 2. Cryptocurrency Lifesaving Mantra (Recommended to memorize) 1. Don't rush to run away when there's a big drop in the morning; generally, there will be a rebound in the afternoon! 2. In the afternoon, a significant rise means to reduce positions, and there is a high probability of a pullback in the evening! 3. A decrease in volume will still rise, and a decrease in volume will still fall. 4. Major meetings or positive news will lead to an increase, but once they are realized, there will be a drop. 5. During the day in the country, there will be a continuous drop to buy the dip, and at 21:30, foreigners will pull up the market. 6. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals. 7. When you have a heavy position, you will definitely get liquidated. Why? You just need to pay close attention to the liquidation list on the exchange. 8. When your short position stop loss is executed, it will definitely drop, not to trick you out or blow you up, how could it drop? For example, TRB. 9. When you are about to break even, just a little bit more, and the rebound suddenly stops, how could it make you close your position and run away? 10. When you take profit, you have to lift it, how can you lift the market if you don't get off? The car is too heavy. 11. When you are excited, the violent waterfall arrives as expected, and your excitement is also a bait from the big players. 12. When you're broke, every project seems to be rising, making you FOMO and rush to enter the market. So you understand that the market is manipulated with a probability of over 80%. You must control your position and definitely wait for the right moment to act. Be firm in not entering the market before the manipulators have made their moves; once you enter, the exchange will be the butcher, and you will be the fish. Trading is a test of patience, composure, and timing. If anyone has different opinions, feel free to leave comments in the discussion area for mutual exploration. Thank you!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Newbie must-read, seven years of accumulated stable earning experience.
Newbies in the crypto world want to quickly turn a few thousand yuan into 1 million; you just need to remember what I say in these few sentences, and you've already succeeded halfway!
1. Short Line
1. Focus only on the top ten mainstream cryptocurrencies every day. Based on current market hotspots, news, daily MACD golden cross, BOLL contraction and expansion, combined with market trends, comprehensively consider and select volatile varieties for trading.
2. Control your position:
50,000 divided into 20% means 5 parts, each time taking one part to open a position.
3. Never go all in, at most 50%, always keep 50% in reserve waiting for opportunities.
4. Do not place more than 3 orders in a day, and keep it under control.
5. Never average down; if you incur a 30% loss upon entering a position, withdraw in a timely manner. This indicates that the timing of your entry was incorrect.
6. Set a stop loss at 30%. If it breaks, close the position unconditionally. Do not hold onto the position; holding onto it will lead to losses.
7. Never fall in love with candlesticks, enter and exit quickly, remember!!!
8. Go with the flow, trends are king, only engage with mainstream projects, not with counterfeit niche varieties!
2. Cryptocurrency Lifesaving Mantra (Recommended to memorize)
1. Don't rush to run away when there's a big drop in the morning; generally, there will be a rebound in the afternoon!
2. In the afternoon, a significant rise means to reduce positions, and there is a high probability of a pullback in the evening!
3. A decrease in volume will still rise, and a decrease in volume will still fall.
4. Major meetings or positive news will lead to an increase, but once they are realized, there will be a drop.
5. During the day in the country, there will be a continuous drop to buy the dip, and at 21:30, foreigners will pull up the market.
6. The key signal for buying and selling is the pin bar; the deeper the pin, the stronger the buy and sell signals.
7. When you have a heavy position, you will definitely get liquidated. Why? You just need to pay close attention to the liquidation list on the exchange.
8. When your short position stop loss is executed, it will definitely drop, not to trick you out or blow you up, how could it drop? For example, TRB.
9. When you are about to break even, just a little bit more, and the rebound suddenly stops, how could it make you close your position and run away?
10. When you take profit, you have to lift it, how can you lift the market if you don't get off? The car is too heavy.
11. When you are excited, the violent waterfall arrives as expected, and your excitement is also a bait from the big players.
12. When you're broke, every project seems to be rising, making you FOMO and rush to enter the market. So you understand that the market is manipulated with a probability of over 80%. You must control your position and definitely wait for the right moment to act. Be firm in not entering the market before the manipulators have made their moves; once you enter, the exchange will be the butcher, and you will be the fish. Trading is a test of patience, composure, and timing. If anyone has different opinions, feel free to leave comments in the discussion area for mutual exploration. Thank you!