Who would have thought that the poor kid who entered the cryptocurrency world with 50,000 would be able to roll to 50 million seven years later with a single ironclad rule? This phrase is engraved in my bones: never average down when losing, only dare to increase when winning!
In 2018, I jumped into the cryptocurrency world with a principal of 50,000, going all-in right away, but within three days, I was liquidated, and my account was left with only 8,000.
When I got home, my wife punished me by making me kneel on the keyboard, and at that moment, with my knees aching, I completely woke up.
After kneeling, I smashed the keyboard and wrote the four big characters "Discipline is King" with a marker on paper, then set strict rules: only use 20% of my position for trading each time, set a hard stop loss at 10%, even if I judged wrong, a single loss would only account for 2% of the total funds, and even if I was wrong five times in a row, the total loss would only be 10%, so it wouldn’t be too damaging; I must achieve a profit of at least 10% before exiting, allowing profits to slowly roll over to cover small losses.
Relying on this set of "ironclad discipline", I steadily built up in the cryptocurrency world for seven years, and my account grew to 50 million. The 70% monthly returns are not just bragging; they were all earned through rules. I always remember: go with the trend, don’t be overconfident and stubborn.
The rebounds after a decline are all traps for luring more buyers, while the corrections during an uptrend are the real golden pits.
I never act when the MACD is below the zero line; I only touch the keyboard when it crosses upward and breaks the zero line;
Once the MACD forms a death cross above the zero line, I turn and run, faster than a rabbit.
I blacklist those cryptocurrencies that skyrocket in the short term; if they stagnate at high positions with no one to take over, they will inevitably plummet. This logic is harder than iron.
Volume and price are the lifeblood of trading: I only focus on the market when there is a breakout at low volume; if there is high volume but no rise at high positions, I immediately liquidate my position.
Trend analysis relies entirely on moving averages: the 3-day line monitors short-term fluctuations, the 30-day line judges medium-term direction, the 84-day line grasps the main bullish trend, and the 120-day line maintains the long-term bottom line. As long as the direction is wrong, I immediately turn around and exit.
The worst is "averaging down"! Adding to a losing position is no different from actively jumping into a pit;
Only adding to a winning position when profitable is the correct path to climbing up.
I used to stumble around in the dark alone, but now I hold the light.
The light is always on; will you follow? @不贪的阿 K
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