If you choose to trade with funds of less than 100,000, I have an ultra-simple trading method here, which can be considered a foolproof approach, but it can help you stay as a 'constant winner' in the cryptocurrency circle! Many of my followers who have followed me have seen their assets exceed seven figures!
My trading strategy consists of just 4 steps, simple to the extreme, yet surprisingly effective!
Step 1: Select Cryptocurrency
Open the daily chart and focus on the MACD indicator. We will select the cryptocurrencies that have a golden cross; if the golden cross appears above the zero line, that’s even more stable, and the success rate under such conditions is quite high!
Step 2: Find Buy Signals
Again, switch to the daily chart, and we will look at one moving average - the daily moving average. The rules are very simple:
Hold if above: As long as the cryptocurrency price is hovering above the daily moving average, we decisively buy in and then hold securely.
Exit if below: If the cryptocurrency price accidentally falls below the daily moving average, don’t hesitate, sell immediately, and don’t delay for a moment!
Step 3: Manage Position
After buying, you must keep a close eye on the cryptocurrency price and trading volume:
If the price suddenly breaks above the daily moving average, and the trading volume also stabilizes above the daily moving average, then don’t be polite, go all in!
There are also rules for selling:
If the price increases by more than 40%, first sell 1/3 of your position to secure some profits.
If the price increases by more than 80%, sell another 1/3 of your position, you’ll have made quite a bit by then.
If the price falls below the daily moving average, don’t hesitate to clear out the remaining position completely.
Step 4: Strict Stop Loss
The daily moving average is the 'lifeline' of our operations. If the cryptocurrency price suddenly falls below the daily moving average the next day, regardless of the reason, you must quickly sell all your holdings, don’t harbor any lucky thoughts!
Although the probability of the price falling below the daily moving average using this screening method is pitifully low, we cannot let our guard down; risk awareness must be maintained at all times. After selling, patiently wait for the price to stabilize above the daily moving average again, and then it’s not too late to re-enter.
This method is simple and easy to grasp, especially suitable for investors who want to make money steadily. Remember, to succeed, the key is to strictly execute every step, don’t let emotions lead you astray!
Those who have used this method have already taken off!👇