Ten years of Cryptocurrency Trading, from a loss of 7000000 to a profit of 10000000, my ten iron rules!

-
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 it all in three years, additionally investing 7 million, and finally borrowing 200,000 to earn back 10 million. After this journey, I have summarized ten iron rules for Cryptocurrency Trading, and today I want to share them with you, hoping to help you avoid mistakes!
-
Rule 1: Understand market sentiment; trading volume is key.
- Increase trading volume without a decline: If trading volume increases but the price does not decline, this could be a signal to stop the decline.
- Increasing trading volume without growth: The trading volume is increasing, but the price has not risen, which may indicate that a peak has been reached in the short term.
- Growth should be accompanied by stable trading volume: During the growth period, the trading volume must steadily increase; if it suddenly decreases or there is a huge trading volume, the growth may come to an end.
- Key levels of declining trading volume: During a downtrend, if key positions are broken through with accompanying volume, the decline may continue.
-
Iron Law 2: Key Levels Determine Buying and Selling
- Resistance levels, support levels, trend lines: Act quickly when the price reaches these levels!
-
- Golden Ratio: I use it to predict support and resistance levels, and it is very effective.
Iron Rule Three: Observe the market at different time windows.
- 1-minute chart: Look for entry and exit opportunities.
- 3-minute line: Observe the fluctuations after entering.
- 30 minutes/1 hour: Determine changes in the daily trend.
Rule Four: Do not rush to make up after a stop loss.
- Stop Loss = Trade End: Every trade is a new beginning; do not let previous operations affect your emotions.
-
Rule Five of Iron: Simple and Practical Position Management Method
- Three-part position:
1. The price of the coin has exceeded the 5-day average, buy the first portion;
2. Break through the 15-day moving average, buy the second part;
3. Break through the 30-day moving average, 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 all when the price falls below the 30-day moving average!
Iron Rule Six: Sales must also be strategic.
- The high breaks below the 5-day moving average: first sell a portion, then observe the subsequent trend.
- 15th and 30th moving average breakout: Without hesitation, sell everything!
-
Rule 7: Increasing positions during periods of growth/decline lag is a signal.
- Increasing positions when the price is not rising: When the price does not rise and positions increase, this may be a shorting opportunity.
- Increase positions under stagnant prices: Prices have not fallen, positions have increased, a rebound may be imminent.
Iron Law 8: Focus on one type of coin
- Position Concentration: Use only one type of coin for a certain period, continuously tracking it until it no longer has speculative value.
Rule No. 9: Opportunities always exist, do not rush to make up for losses.
- Calm after stopping losses: Do not rush to open new trades to make up for losses; each trade is independent.
-
Iron Law Ten: Follow the rules for stable profit
- Rules are more important than attitude: Strictly adhere to trading rules and do not be influenced by emotions to achieve stable profits.
-
The secret to a stable daily income exceeding 10,000 U lies in complete Cryptocurrency Trading - these ten iron rules! If you can adhere to these rules, making money in the world of cryptocurrencies will be as easy as breathing!
-
Recently, the subscribers of money in the wind have completely devoured the meat!
Add Achievement Chart
#BTC #PI #ETH #GT #SOL