Ten years of trading cryptocurrencies, from losing 7 million to earning back 10 million, my top ten rules!

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I have been in the industry for over ten years, starting with a principal of 5,000 yuan. I once made over ten million during a bull market, but lost it all and even incurred a loss of 7 million within three years. In the end, I turned things around with a borrowed 200,000 yuan and have now achieved a profit of 10 million again.
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Over the years, I have summarized the top ten rules for trading cryptocurrencies. Today, I share them with you, hoping to help you avoid detours!
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Rule One: Understand market sentiment; trading volume is the core indicator.
• Trading volume rising, prices stabilizing: may indicate the end of a downtrend.
• High trading volume, stagnant prices: A short-term peak may have been reached.
• An increase in price accompanied by an increase in trading volume: is a sign of a healthy rise; if it is abnormally large or small, caution is needed.
• Increased trading volume at key decline nodes: This may be a signal for further continuation of the decline.
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Iron Rule Two: Key Price Levels Guide Trading Decisions
• Support, Resistance, and Trend Lines: Once the key price level is reached, act decisively!
• Golden Ratio Rule: Accurately predicts support and resistance, with significant practical results.
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Iron Rule Three: Multi-Period Comprehensive Analysis of the Market
• 1-minute chart: Used to grasp precise entry and exit timing.
• 3-Minute Chart: Monitor short-term price fluctuation trends.
• 30-minute to 1-hour chart: Determine the rhythm of changes in intraday trends.
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Iron Rule Four: Stay Calm After a Stop Loss
• Stop-loss means the end of the trade: Each trade is a brand new beginning, don't let emotions affect your judgment.
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Iron Rule Five: Efficient Position Management Strategy
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Three-Stage Position Building Method:
1. Stand above the 5-day line: Initial position building
2. Break through the 15-day line: increase position
3. Stand firm on the 30-day line: fully invested waiting for a rise
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Stop-loss discipline:
• Break below the 5-day line: reduce positions
• Break below the 15-day line: further reduction
• Break below the 30-day line: Full retreat!
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Rule 6: The exit strategy is equally important.
• The high has broken below the 5-day line: moderately reduce positions and continue to observe.
• Break below the 15/30 day moving average: decisively liquidate positions and cut losses in a timely manner.
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There are four more iron rules, updates will continue tomorrow, remember to follow!
Forward + collect, so that more people can avoid detours!
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#BTC #ETH #GT #PI #pixel