Friends, when it comes to making money in the crypto world, it's not always about those dazzling tricks. Today, I'd like to share a 'simple method' that many people overlook. It looks easy, but sticking with it yields amazing results, even making those who trade (the market makers) take you seriously—because it's not about clever tricks, but about great wisdom and discipline!
The three big taboos of trading coins—getting involved in just one is already tough!
Avoid 'chasing highs and cutting losses' and blindly following the crowd!
Why do so many people lose money? A big reason is that when they see prices soaring, they rush in, fearing they might miss out, only to end up as the 'top buyers'. When they see prices plummeting, they panic and cut losses indiscriminately, often right at the bottom. Those who truly understand will start to look for opportunities when the market is in despair and everyone is afraid to check their accounts! Remember the old saying: 'When others are fearful, I am greedy'; timing is crucial!
Avoid 'betting on a single coin' (All in on one coin)!
What's the difference between this and gambling on 'lucky numbers'? The risk is too high! If this coin fails, you could lose your entire fortune. Smart people always leave themselves a way out, keeping at least 20-30% in cash. That way, if the market does crash, you'll have the 'ammunition' to pick up those good assets that were mistakenly sold off, experiencing the joy of 'buying the dip when others panic'!
Avoid 'fully investing without leaving room'!
The crypto world is full of opportunities, but money is limited! Going all in is like tying your hands and feet. When a better opportunity arises, or when the market suddenly changes, you won't have any room to adjust your position; you'll just be left staring. Top players understand that position management is a lifeline and amplifier; never exhaust your bullets all at once!
Steadfast and methodical six rules, all practical!
During consolidation periods, watch more and act less!
Is the coin price stagnating at a high level? Don't rush; this is often a signal for a trend change—be careful of fake breakouts trying to lure you in! Is it taking a long time at a low level? Don't be careless; sometimes a steep drop hides within despair. Remember: before the direction is clearly established, keeping your hands steady is more important than anything else!
Sideways movement is the easiest way to lose money!
Data doesn't lie; many people's significant losses come from frequent trading during sideways movements. It may look stable, but if you feel an urge to place orders, you'll end up getting 'slapped in the face' repeatedly. During such times, patiently waiting for a directional choice is the best strategy.
Buy on big dips, sell on big rises! (Buy low, sell high)
Going against the majority often yields surprises. When a scary large bearish candlestick appears and the market turns pessimistic, it's actually time for you to perk up and look for buying points! Conversely, when prices are rising vigorously, you should also be willing to gradually sell to lock in profits.
The sharper the drop, the stronger the rebound may be!
If the coin price is slowly declining, rebounds are usually sluggish too. But if it drops rapidly like a waterfall, once it stabilizes, the rebound can often be substantial. Next time you see a sharp drop, don't just be afraid; the opportunity may lie within.
Pyramid scaling to average down costs!
If you have confidence in a coin and believe it has reached a relatively low area, don't buy it all at once. You can use a 'pyramid' approach: buy a portion first, and each time the price drops by a certain margin (e.g., 10%), add another portion. This effectively lowers your average cost, making even the market makers headache.
When signs of a trend change appear, make decisive decisions!
Has a coin that previously soared started to consolidate? Don’t be too greedy; first ensure the safety of your principal, letting profits run! Has a coin that previously plummeted started to consolidate? Also, don’t be overly optimistic; if the trend has turned bad, act quickly to cut losses without hesitation!
Why is this called a 'simple method'?
Because it doesn't seek to get rich overnight, nor does it make miraculous predictions, it relies on strict adherence to discipline, overcoming human weaknesses, patiently waiting, and operating in batches—these fundamental skills. It may seem 'simple', without chasing hot trends or speculative coins, but precisely this steady approach shields you from most of the market noise and traps, allowing you to survive longer and go further in a volatile market. What market makers fear the most are those 'honest people' who are disciplined, methodical, and don't play by their rules!
Remember: in the crypto world, making fewer mistakes often matters more than seizing big opportunities. If you master these 'three don'ts and six must-knows', your account growth may leave many daily traders in the dust! If you find this useful, give it a thumbs up and share it with friends who need it!