For_Crypto_Beginners_Quick_Growth_from_Thousands_to_Millions

in #okxtrade2 months ago

To achieve crypto wealth from a modest start to millions, adhere to these essential rules — you're halfway to victory!

Part 1: Short-Term Trading Strategies

Daily, concentrate solely on the top ten mainstream cryptocurrencies. Track current market movements, news updates, daily MACD golden crosses, and BOLL band shifts. Merge technical indicators with price behavior, and select assets with the highest volatility.

Manage your position size effectively:

  • With a $50,000 portfolio, divide it into 20% segments (five portions). Use only one segment per trade to initiate a position.
  • Avoid all-in bets. Limit exposure to 50% maximum. Always reserve 50% for emerging opportunities.
  • Execute no more than three trades daily — strict discipline is crucial.
  • Never average down on losses. If your entry drops by 30%, exit immediately. This signals poor timing.
  • Implement a 30% stop-loss. If breached, exit unconditionally. Holding losing positions leads to failure — it's fatal.
  • Don't become emotionally attached to any candlestick pattern. Enter and exit swiftly — remember this!!!
  • Trade with the trend; it dominates. Stick to mainstream coins and avoid low-cap alternatives.

Part 2: Crypto Survival Principles (commit these to memory!)

  • If the market crashes sharply in the morning, resist panic selling. A recovery typically occurs in the afternoon.
  • If prices surge significantly in the afternoon, trim your holdings. A nighttime pullback is highly probable.
  • An uptrend on low volume indicates continued gains. A downtrend on low volume signals further declines.
  • Prices rise ahead of major events or bullish news. After release, they often fall.
  • When the Chinese market persistently declines during the day, it often marks a bottom — international buyers boost prices at 21:30.
  • Candlestick wicks are key for entry and exit decisions. Deeper wicks imply stronger buy or sell signals.
  • Going all-in heavily almost guarantees liquidation. Why? Exchanges monitor and target such positions.
  • After your short position is stopped out, the market will likely drop. They won't allow easy profits.
  • Just as you approach breakeven, rebounds halt abruptly. Why would they let you exit safely?
  • When you're ready to take profits, whales start pumping. If you don't exit, they can't drive prices up — too much weight on the train.
  • Feeling excitement often precedes a crash. Your enthusiasm is their lure.
  • When you're broke, every project appears to surge. This aims to trigger FOMO and draw you back in.

👉 Grasp this: over 80% of the market is manipulated. Your sole defenses are position management, patience, discipline, and timing. Never act before whales. If you do, you're the prey, and the exchange is the hunter.

Trading hinges on patience, discipline, and timing.
Have differing views? Share them below for discussion. Appreciate it! 🙏

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