I have seen too many people rush into the cryptocurrency market with dreams of getting rich overnight, only to leave in a sorry state.
I am one of them.
In the past, I frequently switched tracks, chased every hot trend, played contracts, invested in low-quality coins, followed others blindly...
A flurry of actions like a tiger, yet my account balance kept getting thinner.
Until I completely gave up the so-called 'smart' approaches and started using the most 'foolish' strategy —
It’s not stimulating, nor is it flashy, but it helped me grow my assets into eight figures within three years.
I am not a genius, I just finally realized: in this market, surviving longer is far more important than making quick profits.
And this 'foolish method' that turned my fortunes around actually has only four steps.
1. Choose Coins: Only look at the strong, never sympathize with the weak
I only look at the top 50 coins by price increase over the past 11 days.
Strength represents capital and consensus, while the weak are destined to be eliminated.
Once a coin has dropped for more than 3 consecutive days, delete it immediately — don’t cling to narratives, don’t believe in the 'bottom fishing illusion'.
2. Trend: Monthly chart sets the direction, never go against the trend
Open the monthly chart; the only indicator I look at is MACD.
Coins without a golden cross on the monthly level are not worth entering.
If the big trend is wrong, no matter how beautiful the short-term looks, it’s a trap.
3. Entry: 60-day line + increased bullish volume, both are essential
I regard the 60-day line as the 'lifeline'.
When the coin price retraces to near the 60-day line and shows increased bullish volume, that is the real buy signal.
No preemptive positioning, no guessing the bottom, just wait for the signal to present itself.
4. Discipline: Execute mechanically, never act emotionally
Hold above the 60-day line, sell everything if it breaks below;
Take profits at 30%, reduce position by 1/3;
Take profits at 50%, reduce another 1/3;
If the price drops below the 60-day line the day after purchase, decisively liquidate, never take chances.
Many people ask: Will you regret selling too early?
My answer is: The market always has opportunities, but the principal only comes once.
You may have already noticed that the most challenging part of this strategy is not the method, but the execution.
It requires you to completely deny your own 'intuition', resist 'FOMO emotions', and stop 'fantasizing about getting rich'.
On the surface, you are trading candlesticks;
In reality, you are battling human nature.
The dumbest method is often the smartest;
The slowest path is frequently the fastest.
This is not a shortcut, but it is a path that allows you to continue living and moving forward.
#交易员