A friend of mine used the 'dumbest' method for trading cryptocurrencies and went from $3000 to $60,000 in three months.
He didn't chase hot trends, didn't listen to news, and didn't bet on direction; he relied solely on a set of 'dead rules' — ten ironclad principles, the dumber the better.
First rule: If a strong coin drops for 9 consecutive days, keep a close eye on it.
The main players won't dump indefinitely; a nine-day drop is often the end of a wash. While others panic and sell, he prepares to buy the dip, and as soon as the rebound comes, he profits.
Second rule: If it rises for two consecutive days, immediately reduce your position.
The market is the best at deceiving; if it's rising too smoothly, it's actually dangerous.
He locks in profits the next day each time, never fantasizing that 'it can go up a bit more.'
Third rule: If there’s a single-day surge of 7%, only observe the next day.
A sudden spike signals a selling opportunity. The next day’s high often sees the biggest drop,
he sticks to his discipline and doesn't chase the high, but waits for a pullback to re-enter.
Fourth rule: Don't touch old kings; the new kings are more appealing.
Those 'once mythical coins' often have already exhausted their future potential.
He only follows new trends and doesn't trade on nostalgia.
Fifth rule: If there’s no movement for three days, immediately switch positions.
If a coin price hasn’t fluctuated for three days, it’s not stable; it’s dead. If the funds have pulled out, don’t get attached to the fight.
Sixth rule: If the price doesn’t recover the previous day’s loss on the same day, exit directly.
If the main players have no intention to lift the price, don’t fantasize.
Small losses don’t get realized, but big losses will wait for you.
Seventh rule: Remember the 3-5-7 rule.
Position on the second day of a consecutive rise, add to your position on the fourth day, and sell on the fifth day.
Getting the timing right is more stable than divining predictions.
Eighth rule: If you can’t read volume, don’t discuss trading.
A surge in volume indicates a true breakout, while a drop in volume during a rise is a trap.
He considers volume more important than price.
Ninth rule: Go with the trend, don’t take counter-trend positions.
3-day line up for short-term buys, 30-day line up for medium-term buys,
120-day line flat means don’t act, if it goes down, go directly to cash.
Tenth rule: Small funds can double through discipline.
Having a small principal isn't a disadvantage; messing around is.
He never goes all in or borrows money; as long as he can survive, he can win.
Follow Uncle Nan's strategy, precisely grasp the market!
Currently laying out strong coins for the evening!
Fans and friends, you can ⬆️车！
