Now many people want to rely on cryptocurrency trading to support their families and take risks with small amounts of money, but they often fall into two traps:
Rushing in early and being greedy.
I was the same in my early years, getting cut too many times by entering the market too soon.
Later, I relied on countless trials and errors to refine my own 10 iron rules,
which turned the cryptocurrency space into a place that can truly generate sustainable cash flow. $BTC
If you want to support your family through trading, these things must be ingrained in your bones:
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1. A strong coin falling for 9 consecutive days at a high position is an opportunity.
Don't reach out early, don't be an 'early death ghost'.
2. If a coin rises for two days, no matter how strong the momentum, you must first reduce by half.
Taking profits is not cowardice; it's professionalism.
3. If a single day rises by more than 7%, don't rush in the next day.
The strength of a bull market also has its rhythm; you can't just chase it whenever you want.
4. Sideways trading is a minefield.
Observe for 3 days; if it hasn't moved after 6 days, immediately switch positions.
Sideways trading has killed too many people.
5. Stop losses must be quick.
If you haven't broken even by the second day after buying, exit directly.
Staying in a losing position will only drag down your account.
6. The '3-5-1-7' rhythm.
If it rises for 2 days, buy on the low on the third day, and take profits on the fifth day.
Rhythm is the most scarce weapon for traders.
7. Watch volume and price.
Breakthrough with volume at a low level - get in.
High level with volume but no rise - get out.
The thoughts of the big players are all written in the volume.
8. Only trade trends.
Use the 3-day line for short-term
Use the 30-day line for swings
Use the 80-day line for heavy positions
Use the 120-day line for major direction
Don't touch coins that deviate from the trend, no matter how attractive they are.
9. Small funds wanting to outperform the market cannot rely on luck.
They rely on rules, mindset, and execution.
10. Simple rules, repeated practice, are the underlying logic for the long term.
There are not many who can persist.
If you want to support your family by trading cryptocurrencies, you don't need to be a god on the first day,
just need to do: not be greedy, not panic, not follow the crowd.
By sticking to the rules, you can slowly fill your pockets with profits,
