#PI Cryptocurrency Trading for ten years, from a loss of 7000000 to earning 10000000, my ten golden rules!

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Money has been in the cryptocurrency world for over 10 years, starting with an initial capital of 5000, earning over 10 million in a bull market, then losing everything in three years, additionally investing 7 million, and finally borrowing 200,000 and earning back 10 million. After this journey, I have summarized ten iron rules for Cryptocurrency Trading, and I would like to share them with you today, hoping to help you avoid mistakes!
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Rule 1: Understand market sentiment, trading volume is key
- Increasing trading volume without a decline: If trading volume increases but the price does not decrease, this may be a signal to stop the decline.
- Increase trading volume without growth: The trading volume is increasing, but the price has not risen, which may indicate that a peak has been reached in the short term.
- Growth should be accompanied by stable trading volume: During periods of growth, trading volume must steadily increase; if it suddenly decreases or there is a spike in trading volume, the growth may come to an end.
- Key volume levels during a decline: If key levels are breached during a downtrend and accompanied by volume, the decline may continue.
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Rule 2: Key levels determine buying and selling
- Resistance levels, support levels, trend lines: Act quickly when the price reaches these levels!
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- Golden Ratio: I use it to predict support and resistance levels, and it is very effective.
Iron Rule Three: Observe the market in different time windows.
- 1-minute chart: Look for entry and exit opportunities.
- 3-minute line: Observe the fluctuations after entering.
- 30 minutes/1 hour: Determine changes in the daily trend.
Rule 4: Do not rush to make up after cutting losses.
- Stop Loss = Trade Ends: Every trade is a new beginning, don't let previous operations affect your emotions.
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Rule Five of Iron: Simple and Practical Position Management Method
- Three-part position:
1. The coin's price has exceeded the 5-day average, purchase the first part;
2. Break through the 15-day moving average, buy the second part;
3. Break through the 30-day moving average and buy one third.
- Strict loss limitation: Sell the first portion when the price falls below the 5-day moving average; sell the second portion when the price falls below the 15-day moving average; sell everything when the price falls below the 30-day moving average!
Rule Six: Sales must also be strategic.
- Break below the 5-day moving average at a high position: first sell a portion, then observe the subsequent trend.
- 15th and 30th moving average breakout: Without hesitation, sell everything!
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Rule 7: Increasing positions during growth/decline lag is a signal.
- Increasing positions when the price is not rising: If the price is not rising and positions are increasing, this could be a shorting opportunity.
- Increase positions under stagnant prices: When prices are not decreasing and positions are increasing, a rebound may be imminent.
Rule Eight: Focus on one type of coin
- Position Concentration: Use only one type of coin for a certain period of time, continuously tracking it until it no longer has speculative value.
Rule No. 9: Opportunities always exist, do not rush to make up.