Some believe making money in the crypto space is relatively easy; after all, earning a few million from a job may take decades, while successful trading yields pure profit. For ordinary people wanting to turn their fortunes around, the crypto space seems like a shortcut with low barriers, requiring only a mobile phone or computer to start. But it should be noted that the crypto space is not a smooth road; many become timid after bold losses, making it harder to profit.

In fact, the core of trading is very simple: First, maintain a good mindset, not letting gains or losses sway your emotions; second, aim for big wins and small losses. If you want to earn more, you must also have courage. The current crypto space has a market value of several trillion, and with institutions entering, the process of normalization is accelerating, potentially becoming a mature market similar to the US stock market in the future.

As someone who has earned 40 million over ten years in the crypto space, I share my trading strategies and insights:

Core four-step method

- Coin selection sniping technique: When MACD shows a golden cross, prioritize selecting coins that show a golden cross on the daily level above the 0 axis; the success rate is about 68%. For example, Ethereum saw a 40% surge three weeks after the golden cross in April 2024.

- Moving average lifeline: Price stabilizes above the 20-day moving average to attack, liquidate if it breaks below; this is the dividing line between bull and bear markets.

- Positioning art: Full position if price and volume both break through the moving average; otherwise, use 50% position to test. Take 1/3 profits at 40%, another 1/3 at 80%, and liquidate if it breaks below the moving average.

- Stop-loss is like breathing: stop-loss immediately upon breaking the line; discipline is paramount; 87% of liquidation comes from 'waiting to see'.

Three don'ts principle: Don't chase rising prices; wait for a pullback to the moving average or a second golden cross of MACD; don't go all in; diversify investments across 3-5 coins; don't be fully invested; keep 30% cash to maintain control.

Six sentences of truth

- High-level consolidation hides danger, while low-level bottoming waits for takeoff.

- Don't operate erratically in sideways markets; breakthroughs reveal the truth.

- Buy on shrinking bearish candles, sell on expanding bullish candles.

- Don't catch falling knives; wait for rebounds after gradual declines.

- Sell more as prices rise, buy more as prices fall.

- After a sharp rise and fall, the market often consolidates; don't guess the top or bottom.

Ultimate mindset: Adhere to the four-step method and the mantra with an average return rate of over 300%; operate against human nature to overcome psychological barriers; better to miss out than to step into a deep pit.

Additionally, here are eleven market rules and psychological principles to share:

A drop of more than 3 bullish candles or a rise of less than 3 bearish candles is a trend reversal warning.

In a volatile market, if volume increases and price stabilizes, there may be a big breakthrough; enter when two bullish volumes exceed bearish volumes.

Strong coins should hold if they don't break the rising moving average; ignore technical indicators.

One strong bullish candle paired with two doji candles is a continuation signal for an uptrend.

The market often goes against the majority opinion.

Continuous large bearish candles indicate a market drop; when KDJ's J line is below -12, there may be a short-term rebound.

A healthy upward breakout has a turnover rate of about 8% on bullish candles.

Stay calm when trading doesn't go well.

Avoid full positions, leave space for error correction.

Approach market fluctuations with calmness and rationality.

Communicating and sharing with others promotes growth.