Randee Carrasco m8k3
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CZ Guides Young People: If I Had Nothing, I Would Go All In on These Three Sectors
At an event in Tokyo, Binance founder Zhao Changpeng (CZ) shared his deep insights into the current market, pointing out highly promising sectors for young dreamers and investors. He suggested that if he were to start over with no money, he would unhesitatingly throw himself into the following three areas:
AI Trading Robots - Opening a new chapter of passive income
In today's rapidly evolving technology landscape, AI technology is deeply penetrating the financial sector, giving rise to AI trading robots. Taking MIT's open-source project TradingAgents as an example, this multi-agent trading framework, hailed as the 'strongest stock god in history,' simulates the operational models of real trading firms. By integrating professional roles such as fundamental analysis, sentiment analysis, and technical analysis, agents engage in dynamic discussions and collaborative decision-making, accurately discerning market trends and formulating trading strategies, significantly enhancing trading efficiency and decision accuracy, and potentially helping investors achieve passive income, allowing wealth to grow steadily amidst market fluctuations.
AI Trading Robots - Opening a new chapter of passive income
In today's rapidly evolving technology landscape, AI technology is deeply penetrating the financial sector, giving rise to AI trading robots. Taking MIT's open-source project TradingAgents as an example, this multi-agent trading framework, hailed as the 'strongest stock god in history,' simulates the operational models of real trading firms. By integrating professional roles such as fundamental analysis, sentiment analysis, and technical analysis, agents engage in dynamic discussions and collaborative decision-making, accurately discerning market trends and formulating trading strategies, significantly enhancing trading efficiency and decision accuracy, and potentially helping investors achieve passive income, allowing wealth to grow steadily amidst market fluctuations.
Summary
After struggling in the cryptocurrency market for six or seven years, my assets have finally surpassed nine figures.
I have summarized my hard-earned experience to share with everyone.
1. Capital Management: Carefully divide your capital into five parts, and only invest one-fifth at a time for trading. Set a stop-loss at 10 points, so even if your judgment is wrong, you will only lose 2% of the total capital. If you make five consecutive mistakes, you will only lose 10% of your total capital. Once you make a profit, set a take-profit of more than 10 points to effectively avoid the risk of being trapped. #美国加征关税
2. Follow the Trend: The key to improving your trading success rate lies in following the trend. In a downtrend, every rebound may be a false signal for buying; whereas in an uptrend, every pullback may be a golden buying opportunity. Compared to trying to catch the bottom, buying on dips is often easier to profit from because the power of the trend is strong.
3. Avoid Chasing Highs: Stay away from cryptocurrencies that have rapidly surged in the short term, whether they are mainstream or altcoins. Few cryptocurrencies can sustain multiple waves of upward momentum, and those that surge quickly often face the pressure of a pullback. When prices stagnate at high levels, the driving force for future rises is naturally insufficient, leading to easy declines.
4. MACD Indicator: Use the MACD indicator to determine entry and exit points. When the DIF line and DEA form a golden cross below the zero axis and break through the zero axis, it is a solid buy signal. Conversely, when the MACD forms a death cross above the zero axis and moves downward, it can be seen as a signal to reduce positions.
5. Reject Averaging Down: Averaging down is a major taboo in trading. Many people keep adding to their positions as they incur losses, resulting in greater losses. Remember, never average down when you are in the red; instead, increase your position when you are in profit.
6. Volume and Price Analysis: Trading volume is the soul of the cryptocurrency market. Pay close attention when there is a volume breakout at low price levels during price consolidation; whereas when there is a volume stagnation at high price levels, decisively exit the market.
7. Trend Trading: Only trade cryptocurrencies in an upward trend, as this maximizes your odds and saves the most time. By observing the trends of the 3-day, 30-day, 84-day, and 120-day moving averages, you can determine short-term, medium-term, main upward waves, and long-term upward trends.
8. Persist in Review: After each trade, consistently review to check if the logic of holding is changing, whether the weekly K-line trend aligns with your judgment, and if the direction has changed. Timely review and adjustment of trading strategies are key to sustained profitability.
I have summarized my hard-earned experience to share with everyone.
1. Capital Management: Carefully divide your capital into five parts, and only invest one-fifth at a time for trading. Set a stop-loss at 10 points, so even if your judgment is wrong, you will only lose 2% of the total capital. If you make five consecutive mistakes, you will only lose 10% of your total capital. Once you make a profit, set a take-profit of more than 10 points to effectively avoid the risk of being trapped. #美国加征关税
2. Follow the Trend: The key to improving your trading success rate lies in following the trend. In a downtrend, every rebound may be a false signal for buying; whereas in an uptrend, every pullback may be a golden buying opportunity. Compared to trying to catch the bottom, buying on dips is often easier to profit from because the power of the trend is strong.
3. Avoid Chasing Highs: Stay away from cryptocurrencies that have rapidly surged in the short term, whether they are mainstream or altcoins. Few cryptocurrencies can sustain multiple waves of upward momentum, and those that surge quickly often face the pressure of a pullback. When prices stagnate at high levels, the driving force for future rises is naturally insufficient, leading to easy declines.
4. MACD Indicator: Use the MACD indicator to determine entry and exit points. When the DIF line and DEA form a golden cross below the zero axis and break through the zero axis, it is a solid buy signal. Conversely, when the MACD forms a death cross above the zero axis and moves downward, it can be seen as a signal to reduce positions.
5. Reject Averaging Down: Averaging down is a major taboo in trading. Many people keep adding to their positions as they incur losses, resulting in greater losses. Remember, never average down when you are in the red; instead, increase your position when you are in profit.
6. Volume and Price Analysis: Trading volume is the soul of the cryptocurrency market. Pay close attention when there is a volume breakout at low price levels during price consolidation; whereas when there is a volume stagnation at high price levels, decisively exit the market.
7. Trend Trading: Only trade cryptocurrencies in an upward trend, as this maximizes your odds and saves the most time. By observing the trends of the 3-day, 30-day, 84-day, and 120-day moving averages, you can determine short-term, medium-term, main upward waves, and long-term upward trends.
8. Persist in Review: After each trade, consistently review to check if the logic of holding is changing, whether the weekly K-line trend aligns with your judgment, and if the direction has changed. Timely review and adjustment of trading strategies are key to sustained profitability.
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