Recently, a fan chatted with me and said he turned 50,000 into 1 million in two months, a total of 20 times. I asked him how he did it, and he said it was really due to two or three key trades. This reminded me of a harsh fact: 90% of people stare at the market and trade frequently every day, but they end up losing more and more; whereas true experts might only make two or three trades in a year, but each time they make a significant profit.

To be honest, making money in the crypto world doesn’t require much diligence. Those who watch the market 24/7 and trade every day usually end up becoming fodder for the market. I have seen too many people make the same mistakes: they chase high when the market rises and panic sell when it falls; they can’t help but go all-in when they profit, but hold on until the end when they lose; even worse, some people like to increase their positions against the trend, resulting in quicker losses the more they add.

The secret to making money is quite simple: wait. Wait for that real big opportunity to appear. It could be a sideways breakout after a 30% drop, a rebound from a weekly support level with volume, or encountering significant turning points like halving or ETF approvals. Usually, you should keep your hands off, reduce leverage, and control your position well. When the opportunity arises, start with a small position to test the waters, confirm the trend is correct, and then slowly increase your position to let profits run. Remember, if there is a 3% pullback, cut off the last added portion first; preserving profits is more important than anything else.

Ironically, the most diligent people in this market often suffer the most losses. They spend all day studying various indicators and news, trading frequently, and in the end, they pay all the fees. Meanwhile, those who really make money might not look at the market more than a few times a month, but when they do trade, they are precise and fierce. So, in this market, patience and discipline are more important than anything else.

If you don’t know how to operate in such a market, you can follow Mo Fei. I have ideas, you have execution power, and there’s also ID #山寨季何时到来？ #BTC重返10万 #美联储FOMC会议 PEPE ETH.