On the road of cryptocurrency trading, there is a very simple method that helped me earn more than 50 million! $GUN Here are a few core principles I have summarized through practical experience:
1. For beginners, there is a simple and direct method for trading cryptocurrencies: for short-term trading, look at the 5-day moving average; as long as the cryptocurrency price is above the 5-day line, hold it. If it drops below, sell; for medium-term trading, look at the 20-day moving average; if the price is above the 20-day line, hold it, and if it drops below, sell. The best method is the one that suits you, and the key is to persist in execution.
2. During a market crash, if your cryptocurrency only declines slightly, it indicates that there are market makers protecting the price, preventing it from falling further. Such cryptocurrencies can be confidently held as future gains are to be expected.
3. If a major upward trend in the cryptocurrency price has formed and there is no significant increase in volume, then buy decisively. Continue to hold during volume increases, and if there is a decrease in volume but the trend remains intact, continue to hold; if there is a volume drop and the trend is broken, quickly reduce your position.
4. After a short-term purchase, if there is no movement in the price within three days, sell if you can. If the price drops after buying and the loss reaches 5%, cut your losses unconditionally.
5. If a cryptocurrency has dropped 50% from its high and has fallen for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound could happen at any time, so consider following up.
6. When trading cryptocurrencies, choose leading coins because they increase the most when they rise and are the most resilient when they fall. Don't buy just because the price has dropped a lot, and don't avoid buying just because the price has increased a lot. When trading leading coins, the most important thing is to buy at a high price and sell at an even higher price.
7. Trade in accordance with the trend; the buying price is not about being as low as possible, but rather about being as suitable as possible. Do not easily call a bottom during a decline, and give up on poorly performing coins; the trend is the most important.
8. Do not let temporary profits cloud your judgment; know that sustained profits are the hardest to achieve. Review your trades seriously to see whether your profits are due to luck or skill. Establishing a stable trading system that suits you is key to sustained profitability.
9. Do not force trades when you do not have enough confidence. Learning to stay in cash is also a strategy. The primary goal of trading is to protect your capital, and making profits comes second. The most successful traders are not those who trade frequently but those who know how to wait for opportunities; success rate is more important than frequency.
Follow Da Sen, who does not boast or make unrealistic promises but shares practical experiences that help survive in the industry. Brother Sen will guide you through the fog of investment and help you turn your situation around.
