After ten years of Cryptocurrency Trading, from losing 7 million to earning back 10 million, here are my top ten rules!

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The money wind has entered the coin circle for more than 10 years. Starting with an initial capital of 5000, I made over 10 million during the bull market, then lost everything in three years and had to pay 7 million out of pocket. Finally, I borrowed 200,000 to turn things around and earned back 10 million. Along the way, I have summarized the top ten iron rules of cryptocurrency trading, which I would like to share with you today in hopes of helping you avoid detours!
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Rule One: Understand Market Sentiment; Trading Volume is Key
- Volume increases without a price drop: An increase in trading volume without a price drop may be a signal of a bottoming out.
- Volume increases without price rise: When trading volume expands but the price does not rise, it may indicate a short-term peak.
- The increase must be accompanied by sustained volume: During the upward trend, trading volume needs to steadily increase; if there is a sudden decrease in volume or a spike in volume, the upward trend may come to an end.
- Key support level volume during a decline: When a key position is broken with volume during a decline, the downtrend may continue.
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Iron Law 2: Key Price Levels Determine Buy and Sell
- Resistance levels, support levels, trend lines: Act quickly when the price reaches these points!
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- Golden Ratio: I use it to predict resistance and support, and it works very well.
Iron Rule Three: Monitor the market across multiple time windows
- 1-minute line: Look for entry and exit opportunities.
- 3-minute line: Monitor the wave situation after entering the market.
- 30-minute/1-hour chart: Assess intraday trend changes.
Rule Four: Don't rush to recover after cutting losses
- Stop Loss = Order End: Every trade is a new beginning, don't let previous operations affect your mindset.
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Rule Five: Simple and Practical Position Management Method
- Three Position Strategy:
1. The coin price breaks through the 5-day moving average, buy the first portion;
2. Break through the 15-day moving average, buy the second portion;
3. Break through the 30-day moving average, buy the third portion.
- Strict Stop Loss: Sell the first portion if it falls below the 5-day moving average; sell the second portion if it falls below the 15-day moving average; liquidate all if it falls below the 30-day moving average!
Rule Six: There Must Be a Strategy for Selling
- The price has broken below the 5-day moving average at a high level: sell a portion first and observe the subsequent trend.
- Break below the 15-day and 30-day moving averages: Without hesitation, sell all!
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Rule Seven: Increasing position during stagnation in price increase/decrease is a signal
- Increased positions with stagnant prices: Prices are not rising, positions are increasing, which may indicate a short selling opportunity.
- Increasing positions with stagnant declines: Prices do not fall, and positions increase, which may indicate an imminent rebound.
Iron Law Eight: Focus on One Coin
- Phased Focus: Trade only one variety for a period of time, continuously track it, until it no longer has speculative value.
Rule Nine: Opportunities are always there, don't rush to recover losses.
- Stay calm after a stop loss: Don't rush to open a new order to recover losses, each trade is independent.
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Rule Ten: Stick to the rules for stable profits
- Rules are more important than mindset: Strictly follow trading rules and avoid emotional trading to achieve stable profits.
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The secret of full-time coin speculation that allows me to earn tens of thousands of U a stable income every day is these ten iron laws! If you can stick to it, making money in the cryptocurrency circle is as easy as breathing!
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Accompanying the battle record chart
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