Cryptocurrency Trading for ten years, from a loss of 7 million to earning 10 million, my ten iron rules!

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Money in the cryptocurrency world has been around for more than 10 years, starting with an initial capital of 5000, earning over 10 million in the bull market, then losing funds over three years and another minus 7 million, eventually borrowing 200 thousand to recover 10 million. Along this journey, I have summarized ten iron rules of Cryptocurrency Trading that I want to share with you today, hoping it helps you avoid unnecessary mistakes!
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Iron Rule 1: Understand market sentiment, trading volume is key.
- Increase in volume without decline: an increase in trading volume, but the price does not fall, may be a signal of the end of the decline.
- Increase in volume without growth: the trading volume increases, but the price does not rise, possibly reaching a peak in the short term.
- Growth should be accompanied by an increase in volume: during the growth process, trading volume should steadily increase; if suddenly the volume decreases or there is a sharp increase, it may indicate the end of the growth.
- Key volume levels during a decline: during a decline, if the volume exceeds key levels, the downward trend may continue.
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Iron rule two: key levels determine buys and sells
- Resistance levels, support levels, trend lines: act quickly when the price reaches these levels!
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- Golden Ratio: I use it to forecast resistance and support levels, and it works very well.
Rule three: monitor the market across different time frames.
- 1-minute chart: look for entry and exit points.
- 3-minute chart: tracking the wave situation after entry.
- 30 minutes/1 hour chart: determining the change in intraday trend.
Hard Rule 4: Don't rush to recover after stopping losses
- Stop-loss = trade completion: each trade is a new beginning, do not let previous operations affect your mood.
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Iron rule five: a simple and practical method for position management
- Three positions of the method:
1. The token price broke the 5-day moving average, buying the first portion;
2. Break through the 15-day average, buy the second share;
3. Break the 30-day moving average, buy a third share.
- Strict loss stop: sell the first part when breaking the 5-day moving average; sell the second part when breaking the 15-day moving average; sell-off when breaking the 30-day moving average!
Iron rule six: sales must also have a strategy
- The high level broke the 5-day moving average: first sell a portion, then watch for further movement.
- Breaking through the 15-day and 30-day moving averages: no fluctuations, sell everything!
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Iron Rule 7: Increasing positions during stagnation of growth/fall is a signal.
- Increasing positions during stagnation: price is not rising, positions are increasing, this may be a moment for shorts.
- Increase in positions during stagnation: the price does not fall, positions increase, a rebound is probably expected.
Iron Rule Eight: Focus on one token
- Stage attention: work with only one token for a certain period of time, constantly monitor it until it no longer represents speculative value.
Hard rule nine: opportunities are always there, do not rush to recover losses.
- Calmness after a stop-loss: do not rush to open new trades to compensate for losses, each trade is independent.
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Iron Rule Ten: Stick to the rules, stable profit
- Rules are more important than mood: strictly follow the trading rules, do not act on emotions, only in this way can you earn steadily.
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The secret to earning a stable income of more than 10000 U per day from Cryptocurrency Trading full-time lies in these ten ironclad rules! If you can diligently follow them, earning in the crypto space will be as easy as breathing!
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#BTC #PI #ETH #GT