After ten years of Cryptocurrency Trading, going from losing 7 million to making back 10 million, my top ten iron 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 even lost another 7 million. Finally, I borrowed 200,000 to turn things around and earned back 10 million. Along the way, I've summarized the top ten iron rules of Cryptocurrency Trading, and today I share them with you in hopes of helping you avoid some detours!
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Rule 1: Understand market sentiment, trading volume is key
- Volume increases without price drop: An increase in trading volume without a price drop may indicate a bottoming signal.
- Volume increase without price rise: The trading volume has increased but the price has not risen, which may indicate a short-term peak.
- The increase must continue with rising volume: During the upward process, the 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 Levels with Increased Volume: When there is a breakout at key levels during a decline, the downtrend may continue.
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Rule 2: Key price levels determine buying and selling
- 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.
Rule Three: Monitor the Market Across Multiple Time Frames
- 1-minute chart: Look for entry and exit opportunities.
- 3-minute line: Monitor the wave conditions after entry.
- 30-minute/1-hour chart: Determine intraday trend changes.
Rule Four: Don't rush to recover after a stop-loss.
- 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 the 5-day moving average, buy the first portion;
2. Break through the 15-day moving average and buy the second share;
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
- Break below the 5-day moving average at a high position: sell a portion first and observe the subsequent trend.
- Break below the 15-day and 30-day moving averages: Without hesitation, sell everything!
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Rule Seven: Increasing positions during stagnation in price rise/fall is a signal.
- Increased positions with stagnant prices: If the price does not rise while positions increase, it may be a shorting opportunity.
- Increased Position in Stagnant Decline: The price does not fall, and the position increases, which may indicate an imminent rebound.
Iron Law Eight: Focus on One Type
- Phase Focus: Operate on only one variety for a period of time, continuously track it until it no longer has speculative value.
Iron Rule Nine: Opportunities are always there, don't rush to recover losses
- Stay Calm After Stopping Losses: Don't rush to open new positions to recover losses; each trade is independent.
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Iron Rule Ten: Adhere to the rules, achieve stable profits
- Rules are greater than mindset: Strictly follow trading rules and avoid emotional trading to achieve steady profits.
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The secret to earning a stable income of over ten thousand U every day from full-time Cryptocurrency Trading is these ten iron rules! If you can stick to them, making money in the coin circle is as easy as breathing!
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Attached is the performance chart.
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