After ten years of Cryptocurrency Trading, from losing 7 million to earning back 10 million, my 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 an additional 7 million. Finally, I borrowed 200,000 to turn things around and earned back 10 million. Along this journey, I have summarized the top ten iron rules of Cryptocurrency Trading, and I want to share them with you today, hoping to help 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 decline may indicate a potential stop-loss signal.
- Volume increase without price rise: The trading volume is increasing but the price is not rising, which may indicate a short-term peak.
- The increase must be supported by sustained volume: During the upward trend, the trading volume needs to steadily increase. If there is a sudden decrease in volume or an enormous spike, the upward trend may come to an end.
- Key Support Level Volume Increase: When there is a volume increase at a key level during a decline, the downtrend may continue.
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Rule 2: Key price points 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 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 line: Determine intraday trend changes.
Rule Four: Don't rush to recover after a stop loss.
- Stop Loss = End of Order: Every trade is a new beginning, don't let previous operations affect your mindset.
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Iron 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 breaks below the 5-day moving average; sell the second portion if it breaks below the 15-day moving average; liquidate all if it breaks 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 of rise/fall is a signal
- Increased Position with Stagnant Price: The price does not rise while the positions increase, which may indicate a shorting opportunity.
- Increasing positions during price stagnation: Prices are not falling, positions are increasing, a rebound may be imminent.
Iron Rule 8: Focus on one coin
- Phased 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 available, 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: Stick to the rules, achieve stable profits
- Rules are more important than mindset: strictly follow trading rules, avoid emotional operations, and you can steadily profit.
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The secret to earning a stable income of over ten thousand U every day from full-time Cryptocurrency Trading lies in these top ten iron rules! If you can stick to them, making money in the coin world is as easy as breathing!
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Attached is the performance chart.
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