I am a female trader who crawled out from the ruins of three liquidations. I don't like to talk about K-line mysticism; I only believe in the discipline earned through real money. Today, these 10 insights may shatter your illusions, but they can help you survive a little longer.
Don't rush to catch the bottom when strong coins are dropping hard.
Do you think a 9-day decline is an opportunity? The market specializes in treating all your assumptions. I will only wait until the volume stops declining and the price stabilizes before gradually entering; otherwise, I'll get hurt trying to catch falling knives.
After two days of rising coins, it's better to take profits first.
It's easiest to get caught off guard during a celebration. My rule is: when profits exceed 20%, I must cut my position in half and withdraw the principal first. Remember, the market is not short of opportunities, but your principal needs protection.
The day after a sudden surge in coins, let the volume speak.
If a single day rises more than 7%, don’t chase it on the second day if it opens high! If the volume cannot keep up, it's mostly a trap. I will only consider it again after a pullback to the 5-day line; I’d rather miss out than stand guard.
The reversal of a bull coin is not love but a trap.
Is the trend coin correcting 20%? Don’t rush to shout 'pick up cheap'. A real major upward trend correction will involve low volume and sideways grinding. I will wait for the weekly level to stabilize before making a move; otherwise, it’s easy to catch it halfway up the mountain.
Patience during a sideways market is more important than technique.
If the fluctuations are less than 5% for three consecutive days, it means both sides are holding back a big move. I will wait another three days, and if there is still no direction, I will directly delete my watchlist. It's better to research new hotspots than to waste time staring at the market.
The stop-loss line is a lifeline, not a decoration.
Can't earn back the money lost yesterday? It shows the trend has turned bad. I've seen too many people go from profit to loss just because they couldn't bear to cut their losses. Remember, your account is your child; don’t leave it in the care of emotions.
The trap of 'where there are three, there are five'.
A strong coin rising for three days, the fourth day opening low is indeed an opportunity, but on the fifth day, you must run! I will set a limit order to take profits before the market closes and lock the profits in a safe. The greedy will never catch the tail of the fish.
The relationship between volume and price is a mirror.
A breakout on low volume, I will follow the first batch; a stagnation on high volume, even if profits retreat 30%, I will liquidate. Price can deceive, but volume cannot deceive the cost.
The trend is your talisman.
Only do short trades when the 3-day line is up, do medium trades when the 30-day line is up, and only when the 120-day line is up is it the era of effortless profits. I will draw a trend chart once a month; trading against the trend is equivalent to giving the market a red envelope.
The core of small capital turning around is 'waiting'.
The secret to turning $5,000 into $100,000 is not high-frequency trading; it's seizing three certain opportunities each year. Usually, I hold coins to earn interest, and when the market comes, I dare to invest heavily. Patience is the best leverage.
The last sincere words.
My system is simple to the point of being boring: 90% of the time like a hunter lying in wait, 10% of the time like a hungry wolf pouncing. The market never rewards smart people, only those who survive the longest. Let's encourage each other.
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