After ten years of Cryptocurrency Trading, losing 7 million and making back 10 million, my top ten iron rules!

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The money wind has been in 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 had to pay back 7 million. Finally, I borrowed 200,000 to turn things around and earned back 10 million. Along the way, I have summarized the ten iron laws of Cryptocurrency Trading, which I will share with you today, hoping it can help you avoid detours!
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Rule One: Understand market sentiment; trading volume is key.
- Increased volume without price drop: An increase in trading volume without a price drop may indicate a potential bottoming signal.
- Volume without rise: The trading volume increases but the price does not rise, which may indicate a short-term peak.
- The rise must continue with increasing volume: During the upward process, trading volume needs to steadily increase. If there is a sudden decrease in volume or a massive spike, the upward trend may come to an end.
- Key Support Level Volume During Decline: When the price declines, if a key support level breaks with increased volume, the downtrend may continue.
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Iron 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.
Iron Rule Three: Monitor the market through multiple time windows
- 1-minute chart: Look for entry and exit opportunities.
- 3-minute line: Monitor the wave situation after entering the market.
- 30 minutes/1 hour chart: Determine intraday trend changes.
Rule Four: Don't Rush to Recover After a Stop Loss
- Stop Loss = End of Order: Each 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 trading method:
1. The coin price breaks above 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 when it falls below the 5-day moving average; sell the second portion when it falls below the 15-day moving average; liquidate all when 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: sell a portion first and observe the subsequent trend.
- Breaks 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, but the position increases, which may indicate a short-selling opportunity.
- Increased positions during a decline: If the price does not drop and positions increase, a rebound may be imminent.
Rule Eight: Focus on One Coin
- Stage-specific focus: Operate on 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 position 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 and avoid emotional trading to achieve steady profits.
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The secret to earning a stable income of over 10,000 U every day from full-time Cryptocurrency Trading lies in 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 with the performance chart
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