Cryptocurrency Trading for ten years, from a loss of 7000000 to a profit of 10000000, my ten iron rules!

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Money has been in the cryptocurrency world for more than 10 years, starting with an initial capital of 5000, earned over 10 million during the bull market, then lost everything over three years and invested an additional 7 million, eventually borrowed 200 thousand and earned 10 million again. Having gone through this journey, I have summarized ten iron rules of Cryptocurrency Trading that I want to share with you today, hoping it helps you avoid mistakes!
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Iron Rule 1: Understand market emotions, trading volume is key
- Increase in volume without decline: if trading volume increases but the price does not fall, this may be a signal of a halt in the decline.
- Increase in volume without growth: trading volume increases, but the price does not rise, which may indicate that a short-term peak has been reached.
- The growth should continue with a consistent volume: during the growth, the trading volume should steadily increase; if it suddenly decreases or there is a huge volume, the growth may end.
- Key levels of volume decline: during a decline, if a key level is breached with volume, the downward trend may continue.
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Iron Rule 2: Key levels determine buying and selling
- Resistance levels, support levels, trend lines: when prices reach these levels, act quickly!
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- Golden Ratio: I use it to predict resistance and support levels, and it is very effective.
Iron rule three: Observe the market in different time windows
- 1-minute chart: look for entry and exit moments.
- 3-minute line: monitor the wave situation after entry.
- 30 minutes/1 hour: determining the change in the daily trend.
The fourth iron rule: do not rush to recover after a stop-loss.
- Stop-loss = trade completion: every trade is a new beginning, do not let previous trades affect your mood.
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Iron Rule Five: a simple and practical method of position management
- Three parts of the position:
1. The coin has exceeded the 5-day average price, buy the first portion;
2. Break through the 15-day average, buy the second part;
3. Break through the 30-day average line, buy a third.
- Strict loss limitation: if it falls below the 5-day average, sell the first part; if it falls below the 15-day average, sell the second part; if it falls below the 30-day average, sell everything!
Iron rule six: sales must also be strategic.
- The high position fell below the 5-day average: first sell part of it, watch for further movements.
- Breakthrough of the 15-day and 30-day averages: without hesitation, sell everything!
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Iron Rule 7: Increasing the position during a delay in growth/decline is a signal.
- Increasing positions without price growth: the price is not rising, positions are increasing, this may be an opportunity for short selling.
- Increasing positions at a stagnant price: the price does not decrease, positions are rising, it is possible that a rebound is already near.
Iron rule eight: focus on one type of coin
- Positional concentration: work with only one type of coin for a certain period of time, continuously monitoring it until it no longer has speculative value.
The iron rule nine: there are always opportunities, do not rush to recover losses.
- Calm after stopping the losses: do not rush to open new trades to compensate for losses, each trade is independent.
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Iron Rule Ten: Follow the rules, consistently earn profits
- Rules are more important than attitude: strictly adhere to trading rules, do not give in to emotions in order to consistently make a profit.
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The secret to a stable income of over 10,000 U per day from full Cryptocurrency Trading is ten ironclad rules! If you can follow them, earning in the cryptocurrency world will be as easy as breathing!
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