After ten years of Cryptocurrency Trading, from losing 7,000,000 to making a profit of 10,000,000, my ten rules!

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Money has been in the cryptocurrency world for over 10 years, starting with an initial capital of 5000, earning over 10 million during the bull market, then losing everything over three years, additionally investing 7 million, and eventually borrowing 200,000 to earn back 10 million. After this experience, I have summarized ten iron rules for Cryptocurrency Trading, which I would like to share with you today, hoping to help you avoid mistakes!
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Rule 1: Understand market sentiment, trading volume is key.
- Increased trading volume without a decline: If the trading volume increases but the price does not decline, this may be a signal to stop the decline.
- No growth in trading volume: Trading volume increases, but prices do not rise, which may indicate that a peak has been reached in the short term.
- Growth should continue under stable trading volume: During the growth period, trading volume should steadily increase; if there is a sudden decrease or a surge in trading volume, the growth may come to an end.
- Key downward levels: During a decline, if key levels are breached along with trading volume, the downward trend may continue.
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Rule 2: Key levels determine buying and selling
- Resistance levels, support levels, trend lines: Act quickly when the price reaches these levels!
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- Golden Ratio: I use it to predict resistance and support levels, and it is very effective.
Rule Three: Observe the market in different time windows
- 1-minute chart: looking for entry and exit opportunities.
- 3-minute line: Observe the fluctuation after entering.
- 30 minutes/1 hour: Determine changes in the daily trend.
The fourth rule: Do not rush to compensate after a stop loss.
- Stop Loss = End of Trade: Every trade is a new beginning, do not let previous operations affect your mood.
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Rule Five: Simple and Practical Position Management Method
- Three-part position:
1. The coin price exceeds the 5-day average price, purchase the first portion;
2. Break through the 15-day moving average, buy the second portion;
3. Break through the 30-day moving average and buy one-third.
- Strictly limit losses: Sell the first portion when the price falls below the 5-day moving average; sell the second portion when the price falls below the 15-day moving average; sell everything when the price falls below the 30-day moving average!
Iron Rule Six: Sales must also be strategic.
- Break below the 5-day moving average at a high: Sell a portion first and observe the subsequent movement.
- Breakthrough the 15-day and 30-day moving averages: Without hesitation, sell all!
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Iron Law 7: Increasing positions during growth/decline delays is a signal
- Increasing positions without a price rise: If the price doesn't rise and positions increase, this could be an opportunity to short.
- Increase positions at stagnant prices: The price has not dropped, positions are increasing, and a rebound may be very close.
Rule Eight: Focus on one coin
- Position concentration: Trade only one type of coin for a certain period, continuously tracking it until it no longer has speculative value.
The ninth rule is certain: opportunities always exist, don't rush to make up for losses.
- Calmness after halting losses: Do not rush to open new trades to make up for losses; each trade is independent.
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Rule Ten: Follow the rules and achieve stable profits.
- Rules are more important than attitude: strictly adhere to trading rules, and do not be influenced by emotions to achieve stable profits.
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The secret to stable returns exceeding 10,000 U comes from complete Cryptocurrency Trading - these ten iron rules! If you can adhere to these rules, making money in the world of cryptocurrency will be as easy as breathing!
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Recently, the subscribers of money in the wind have completely devoured the meat!
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