36-year-old Hubei native has settled in Shanghai with two apartments: After 6 years in the cryptocurrency market, going from 200,000 to several million, relying on these few simple rules
36-year-old Hubei native has put down roots in Shanghai
Two apartments, one for family shelter, one for my daily life.
This sense of stability is what I have earned through 6 years of hard work in the cryptocurrency market, starting with over 200,000 in principal.
I never thought I could go this far when I started, and I even lost over 200,000 down to just 50,000.
But I never changed my path, just stubbornly relied on "simple methods": not chasing fancy models, but sticking to a single logic to roll my investments.
In the most intense market surge, my base investment increased 400 times in 4 months, directly accumulating 40 million.
It sounds like a joke, but it’s the result of countless nights I spent staring at the candlestick charts.
In these years of full-time trading, I printed out my life-saving rules and stuck them on my desk and bedside, afraid that my greed would lead me astray.
In fact, surviving and making money in the cryptocurrency market doesn’t require many techniques; the key is to do these few points:
Mindset is more important than technique; don’t let the ups and downs confuse you;
With limited funds, use them sparingly; catching one big rise a year is enough; never go all-in;
If your understanding doesn’t keep up, the profits will eventually return; practice with simulated trading, and practice your mindset with real trading;
For medium to long-term investments, keep enough liquid funds; sell when the price rises, buy when it drops;
For short-term trades, only choose coins with high trading volume; avoid those with poor liquidity;
A sharp drop may quickly rebound, while a slow decline often leads to gradual recovery; understand the patterns to avoid pitfalls;
If you’re heading in the wrong direction, stop loss immediately; as long as you have your principal, there will be opportunities; for short-term, focus on 15-minute candlestick charts, combining KDJ and MACD to find entry and exit points.
From seven losses to two breakevens to one profit, it’s all about focusing on maintaining a solid trading system.
Now my assets have reached eight figures, but I want to share these practical experiences I’ve tested.
Making money in the cryptocurrency market relies on luck; making money long-term relies on rules. @老道说币