Forwarding #SATS Cryptocurrency Trading for ten years, from losing everything to earning back ten million: the ten iron rules!

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Turn
After many years of ups and downs in Cryptocurrency Trading, I have summarized some small experiences.
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Rule One: Understand market sentiment; trading volume is the core indicator.
• Trading volume rises while price stabilizes: A significant increase in trading volume while prices remain stable may signal the end of a downward trend.
• High trading volume with stagnant prices: A surge in trading volume without significant price increases may indicate that a short-term peak has been reached.
• An increase in price accompanied by rising trading volume: During the price increase, trading volume should maintain steady growth; an abnormal decrease or surge may indicate the end of the bullish trend.
• Key nodes of decline show increased trading volume: When the price falls to a key position, the trading volume surges, indicating that the downtrend may continue further.
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Iron Rule 2: Key Price Levels Guide Trading Decisions
• Support, Resistance, and Trend Lines: When the price reaches these key levels, decisive action is crucial!
• Golden Ratio: I use it to accurately predict support and resistance, and the results are remarkable.
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Iron Rule Three: Comprehensive Market Analysis Across Multiple Time Frames
• One-Minute Chart: Capture precise entry and exit timing.
\t•\tThree-Minute Chart: Monitor the price fluctuation trend after entering.
• 30-minute to 1-hour chart: Capture the subtle changes in intraday trends.
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Iron rule four: stay calm after the stop loss
• Stop loss means the end of a trade: Each trade is an independent starting point, don't let the past affect your judgment.
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Iron Rule Five: Efficient Position Management Strategy
• Three-Stage Accumulation Method:
1. Initial Positioning: Coin price rises above the five-day moving average, first purchase.
2. Adding Positions: Break through the fifteen-day line and continue to add positions.
3. Waiting with a full position: Standing firm on the thirty-day line, completing the position building.
• Strict Stop-Loss Discipline:
• Broke below the five-day moving average, reduce positions;
• Break below the 15-day line, then reduce;
• Break below the 30-day line,全面撤退！
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Iron Rule Six: Exit strategies are equally important.
• High position breaks the five-day line: moderately reduce positions and observe the changes.
• Break below the 15-day and 30-day moving averages: Sell decisively, leaving no regrets.
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Iron Rule Seven: Be wary of market news and don't let emotions dictate your pace.
• Frequent bullish news but prices don't rise: Beware of market makers offloading, take profits in time.
• Negative news continues to emerge but prices do not fall: This may be a bottom signal, stay closely attentive.
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Iron Rule Eight: Stick to reviewing trades and deeply analyze trading experiences.
• Daily Review: Summarize the reasons for success and failure, and extract lessons learned.
• Regular Review: Analyze past trades, adjust strategies, and enhance awareness.
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Iron Rule Nine: Set profit targets and do not be greedy.
• Clearly define profit range: decisively take profits upon reaching the target, do not chase after rising prices or sell during declines.
• Learn to take profits in batches: Especially during a surge market, do not sell everything at once.
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Iron Rule 10: Mindset is King, always stay calm.
• When in loss: Don't rush to recover, calmly analyze the mistakes.
• When making a profit: Don't be blindly confident, the market is always full of risks.
• Be patient and wait for opportunities: Do not rush, it is better to miss out than to make a mistake.
These iron rules are valuable experiences gained from countless failures and successes in the world of money. On the path of Cryptocurrency Trading, may you avoid traps and move forward steadily!