After seven years of trading cryptocurrencies, my account grew from 5,000 U to 1,000,000 U, relying entirely on "anti-human" mechanical processes. I only select coins based on hot news, divide my funds into five equal parts, trade three times a day, set a stop-loss at 30%, and take profits at 30% by first closing half of my position. Memorizing twelve lifesaving mantras can prolong your trading life. The market is manipulated 80% of the time; controlling position and emotions means I've already outperformed 90% of people.
1. Position Allocation:
Divide your capital into five parts, each 20%.
Whether you have 5,000 or 50,000, always divide into five. Only invest one part at a time, always keeping four as a lifeboat.
2. Frequency:
A maximum of three trades per day.
One trade at market open, one during lunch break, and one before market close; then shut down your computer. If you're feeling restless, do push-ups; the market won't run away, but your capital will.
3. Stop-Loss:
Self-destruct at a 30% loss.
If you lose 30% upon entry, it means the timing was wrong; cut your losses immediately, do not average down, and do not pray.
4. Take Profit:
Take half of the profits at a 30% gain.
Set a trailing stop-loss for the remaining position to let profits run, but exit if it breaks the 5-day line; don’t fall in love with candlesticks.
5. Memorize the twelve lifesaving mantras to prolong your trading life:
1. Don’t cut losses during morning drops; afternoon rebounds are common.
2. Reduce your position during afternoon surges; the night can easily pull back.
3. Volume contraction during an uptrend still indicates further gains; volume contraction during a downtrend continues the drop.
4. Prices rise before good news is released, but drop when it materializes.
5. If you dare to bottom fish during a continuous daytime downtrend, remember the U.S. market loves to rally at 21:30.
6. The deeper the spikes, the stronger the signal; buy on long lower shadows and sell on long upper shadows.
7. Heavy positions will get blown up; the exchange is watching you closely.
8. Just when you stop-loss, the market reverses; don’t ask why, it's just a shakeout.
9. Two bucks away from being untrapped? The rebound will stop right in front of you.
10. Just when you take profits, the rocket launches; only light vehicles can be moved.
11. When you get too excited, the waterfall comes; emotions are the puppet strings of the market makers.
12. When you’re out of the market, everything rallies; FOMO will trap you immediately.
6. The final word of wisdom:
The market is manipulated 80% of the time and provides profits 20% of the time. We can't control the market makers, but if we can manage position and emotions, we have already outperformed 90% of people.
