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After ten years of Cryptocurrency Trading, starting with a capital of 100,000 and angrily earning 5 million, then suffering a huge loss of 5 million to now angrily earning 12 million, looking at the current crypto world, Old Nine can't stand seeing others lose money. Today, Old Nine has decided to publicly share the experiences he has summarized over the years. Old Nine has figured out how to survive in this market and how to remain undefeated, at least helping you avoid several years of detours. What you learn can directly turn your losses into victories! 👇
💎Do not chase the rise: Never buy when the coin price is skyrocketing. Instead, go against the trend; be bold to buy when the market is in panic, when others are scared, and the coin price is falling. Buy when no one is interested, and take the opportunity when others are cutting losses. Implement the trading model of "be greedy when others are fearful, and be fearful when others are greedy!"
💎Cannot go all in: Going all in makes us extremely passive in market fluctuations. Developing the habit of going all in and gambling everything leads to losing many opportunities. There are many opportunities in the crypto world, but our capital is limited. In the crypto world, opportunities are abundant, but what is limited is capital and patience!
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Be brave to enter the market during a downturn, and you will naturally reap the rewards when the market improves!
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The current landscape of the crypto world will only lead to a complete loss for oneself!
Still the same statement, short-term focus before the big pie breaks through 98k!
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Share six major short-term Cryptocurrency Trading secrets:
1 💎 Seize the direction after consolidation: After the coin price consolidates at a high level, it is highly likely to reach a new high; after consolidating at a low level, it often reaches a new low. Therefore, wait until the consolidation ends and the direction of the change is clear before taking action!
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2 💎Do not trade during consolidation: Many traders incur losses due to frequent trading during consolidation phases. When the coin price is consolidating, it is best to stay put!
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3 💎Based on real-time K-line buy and sell signals: Buy when the daily line closes with a bullish candle, as there is a good chance for consecutive bullish candles. Sell when the daily line closes with a bearish candle; otherwise, you may easily get trapped!
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4 💎 Pay attention to the rhythm of decline and rebound: When the coin price declines slowly, we call it a downward trend, and rebounds are basically very difficult. When the coin price declines rapidly, once it stabilizes, the rebound strength will be greater!
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5 💎 Enter in batches: Why do we need to build our positions in batches? Here I want to emphasize one point, even the old master is not a god, and neither are you. The old master cannot guarantee that he can catch the lowest price every time, so entering in batches can significantly lower our cost!
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6 💎 The most powerful selling method: When the coin price continues to rise after a surge, do not rush to sell everything at once. Wait until the coin price enters a sideways consolidation state within a certain range. This is the time to choose a direction again: whether to continue with the surge or to directly dump. At this moment, set a take-profit level to exit when it drops 5 points down from the peak. The same principle applies online; this way, you won't miss out on more significant profits later!
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