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As a crypto world trader, I have experienced a difficult journey from entering the market to achieving stable profits. Initially, I only had a capital of 200,000, but through continuous learning and practice, I successfully withdrew 48 million in profits within three years. During this time, I faced immense pressure, pain, and confusion, but ultimately grasped the essence of trading.
My success comes from simplifying trading techniques and eliminating the unnecessary. I have tried various trading methods such as long-term, short-term, ultra-short-term, and swing trading, and ultimately found a strategy that suits me. Now, I have not only achieved stable profits but also successfully purchased properties and vehicles in Shenzhen, accumulating considerable savings and assets.
Among many trading strategies, the 1-minute ultra-short trading strategy is worth paying attention to. This method requires traders to make quick decisions and fully utilize small fluctuations in the market. The key lies in mastering technical indicators such as moving averages and the Relative Strength Index (RSI), and organically combining them.
The EMA (Exponential Moving Average) and RSI (Relative Strength Index) dual-core resonance strategy is an accurate method for identifying buy and sell points. This strategy is particularly effective in short time frames but also comes with higher risk management requirements.
The key to successfully applying this strategy includes:
1. Make good use of technical indicators: Combine moving averages, RSI, and other indicators to accurately grasp entry and exit timing.
2. Strict risk control: Set reasonable stop-loss and take-profit levels to minimize potential losses while ensuring profits.
3. Quick decision-making ability: Make judgments and execute trades swiftly in a rapidly changing market.
4. Continuous learning and adaptation: The market environment is constantly changing, and traders need to continuously update their knowledge and strategies.
It is important to note that trading strategies on the 1-minute chart can bring quick profits, but they also come with high risks. Beginner traders should fully understand market rules and conduct risk assessment and capital management before attempting this strategy.
Overall, successful trading requires a balance of technical analysis skills, psychological quality, and risk management. Through continuous practice and summarization, every trader can find their own path to profitability.