I am 36 years old this year. I started my cryptocurrency trading career at 25, and by 2024-2025, my assets successfully soared to eight figures.
Looking back over the past ten years, I have hardly been involved in petty business disputes, which has greatly reduced my worries. Because of this, I have had the leisure and patience to summarize my insights from these years. In my opinion, the right mindset is crucial in trading cryptocurrencies, while technical skills are secondary.
Next, I will share my practical experiences with everyone without reservation.
Let me tell you, I have discovered a super simple method for trading cryptocurrencies that seems to guarantee profits! Today, I will share this method.
Here’s a method for you; it may look a bit 'clumsy', but the results are solid.
I have a senior who used to run an online store; later, after getting involved in the cryptocurrency world, he began to seriously contemplate trading cryptocurrencies. Unexpectedly, he achieved a turnaround in life through this method, and now his assets are in the eight figures! His method is particularly simple, with just four steps: from selecting coins, buying, managing positions to selling, each step is very clear. Now, let me tell you in detail how he does it.
Let's start with the first step, selecting coins. Open the daily chart and focus on those coins with a MACD golden cross at the daily level. It's best to choose those that show the golden cross above the O-axis, as these coins have a higher chance of rising and yield better results.
The second step is to look at the daily moving average. Switch to the daily level and look at a single moving average, which is the daily moving average. Remember a principle: if the price is above the daily moving average, hold; if it drops below, sell immediately without hesitation.
The third step is to buy. Once you have selected your coins, wait for the price to break above the daily moving average while the trading volume is also above the daily moving average, and then buy in fully. At this point, it's highly likely to rise, so seize the opportunity.
The fourth step is to sell. There are three small details involved. When the price of a coin has increased by more than 40%, sell one-third of your position to secure some profits. When the price increase exceeds 80%, sell another third to further reduce risk. If the price falls below the daily moving average, sell everything without hesitation.
Finally, there is one more step: risk control. This is crucial! We use the daily moving average as the basis for buying; if the price suddenly drops below the daily moving average the next day, you must sell everything without hesitation! Although according to our coin selection method, the probability of dropping is low, we must always remain aware of risks. After selling, wait for the price to rise back above the daily moving average before considering buying back.
This method looks simple, but it is really effective. The key is to strictly follow the steps without being greedy or hesitant. As long as you consistently operate this way over the long term, the chances of making money are greatly increased! I hope this method helps you earn money smoothly in the cryptocurrency world!
Five phrases in the cryptocurrency market; remember them to avoid losses.
1. Among thousands of reds, seize the one green opportunity; enter the market without hesitation.
When a coin shows several consecutive days of decline, appearing in red, if one day you notice a green or small bullish candle, this pattern usually indicates a higher rebound the next day.
2. A calm surface can precede a huge wave, be cautious of the big fluctuations that follow.
When a cryptocurrency has been consolidating at the bottom for a long time and suddenly experiences an upward jump after several days of small fluctuations, it generally will not return to its previous position for a long time. The main force has finished accumulating, and there will be greater waves in the future.
3. Averaging down to break even and hoping for profit is actually greed.
When the purchased coin shows a loss, rushing to average down to break even is like putting good money into bad investments, mixing good apples with bad ones. The ultimate result is that all the apples rot. Trading requires a mindset of accepting losses; when a mistake occurs, you should exit rather than leaving your fate to chance. Always keep control firmly in your hands.
4. Don't buy low and don't sell high; avoid trading during consolidations.
Not buying low means that when the price drops to what you consider a low point, you should not buy in, and when the price is at what you consider a high point, you should not sell. Because when you think the price is too low or too high, others likely think the same, and this thought is largely incorrect. Not trading during horizontal movements means that when the price is in a narrow range, there is no so-called opportunity to trade.
5. Buy when prices are rising, sell when they are falling; acting in accordance with market trends is heroic.
The market emphasizes trends; when the market is rising, there will be more bullish candles, indicating that the market's momentum is upward. Buying on bullish candles is stronger than during pullbacks; when prices are falling, you should act during bearish candles rather than waiting to sell when prices rise. Remember that missing opportunities also carries great risk.
Will the cryptocurrency world be the only way out for ordinary people?
I have been in the cryptocurrency world for ten years, and I want to tell everyone that if you want to change your fate, you must try the cryptocurrency market. If you can't make money in this circle, ordinary people may truly have little opportunity in their lives.
Qualities of an excellent trader
First, excellent traders must be patient to endure prosperity!
Market cycle theory
The saying goes, 'Five is poor, six is desperate'; this is true every year. According to cycle theory, there are actually not many optimal times for trading within a year. 'Five is poor, six is desperate, and seven may not even turn around.' Every year during May, June, July, and August, I usually stay in cash and observe.
So, when is a good time to enter the market?
1. Enter the market by the end of September and clear positions by the end of November.
2. Enter the market before the Spring Festival and clear positions in April.
3. Follow these two iron rules; of course, short-term trading of individual small-cap stocks is not included.
4. Next, learn how to find hundredfold coins and become rich in a bull market.
Stick to these ten principles in trading cryptocurrencies, and you will surely reap great rewards.
Market trading principles:
1. Don't be easily deceived into selling low-priced assets: Stay firm in your beliefs to prevent manipulation by the market makers.
2. Chasing highs and cutting losses, entering and exiting with all funds is always a big taboo: In a favorable major trend, gradually building positions during declines is lower risk, lower cost, and yields greater profit than chasing highs.
3. Reasonably allocate profits: Maximize the release of funds rather than blindly increasing positions.
4. Sell on rapid gains, hold on rapid declines: Always maintain a good mindset; do not speculate, be impatient, greedy, or fearful, and do not do things unprepared.
5. Rely on experience and judgment when investing in low-priced coins or private placements: Second-level market strategies require skill and information, so don't reverse priorities; otherwise, it can easily lead to chaos.
6. Build positions and sell in layers: Gradually widen the price segments to effectively control risk and profit ratios.
7. Familiarize yourself with the correlation effects: No cryptocurrency exists in isolation; many tools can help you view coin information and insights. Understanding these correlations is very important.
8. Positioning should be reasonable: The allocation of hot coins and value coins should be balanced; you can't be too conservative and miss opportunities, nor too aggressive and face high risks. Value coins should prioritize stability, while hot coins are volatile, potentially skyrocketing or plummeting.
9. Having coins on the market, money in the account, and cash in hand: This is the safest and most reassuring configuration. You cannot go all in; going all in is a sure way to fail. Your grasp of risk control and reasonable allocation of funds is the key to your mindset and success, with idle money investment serving as the foundation.
10. Master basic operations: Learn to apply knowledge to different situations and grasp the fundamental trading mindset. Observation is the prerequisite; remember each time's high and low points as reference data, learn to record and summarize materials, cultivate a reading habit, and develop the ability to filter and sift through information.
Summary
By following these principles and combining them with the cyclical nature of the market and reasonable fund management, I believe you will gain something in the cryptocurrency world. Remember,
Opportunities and risks coexist in the cryptocurrency world. Only by mastering the correct methods and mindset can one remain undefeated in this tumultuous market. I hope these experiences can help you.
