I know many people envy those who make money through trading in the cryptocurrency market. The root cause is often that the capital is too small, or simply that the desire is too great.

People who are just starting to understand trading often think: how free it is to make a living from trading! You can work anywhere, do whatever you want, and don’t have to do physical labor. You can earn money effortlessly, and earn a lot—definitely an elite income.

The reality of professional trading: anxiety inside, poor sleep, poor eating habits, decreased immunity, hair loss, diminished libido, and a greatly reduced interest in anything but trading profits. You spend all day with loneliness, missing out on many beautiful experiences in life.

In fact, for those just entering the cryptocurrency market, learning trading techniques only requires two things. You don't even need to learn how to analyze project fundamentals, technical analysis, or any on-chain manipulator movements, or contract holding values; you don’t need to learn any of that. The way is often quite simple.

The simplest method is to dare to buy when prices are falling, dare to sell when prices are rising, and dare to stay in cash when the market is bad.

What is the essence of trading? If you have an information advantage, you can use that information gap to take money from others. If you have no information advantage, trading is just gambling for you. You must first acknowledge that the essence of trading is gambling because you can never be sure whether the next candlestick will rise or fall. What you can do is hold on when you're right and sell when you're wrong. That is your only controllable action.

As for the quality of trading targets, you really don’t need to choose or research projects. Just look at the top ten by market capitalization, the top ten by trading volume, and the top ten trending lists. The targets that overlap among these three attributes for a long time are good targets, selected by the market, and you don’t need to pick them. Buying when prices are falling means buying these targets. Buy when they are low; don’t chase after they have already risen significantly. You can also buy as soon as you notice signs of a significant rise; it’s just a matter of a little left side or right side. The left side has a low win rate but a high cost advantage, while the right side has a high win rate but a low cost advantage. My conclusion is that in a bull market, you can lean left, but in a bear market, you must lean right.
The reason for not daring to buy when prices are falling is that during market fear or in a bear market phase, I've observed and come to two conclusions: either you're using too much force and run out of bullets, or you lack the underlying understanding of market rules and targets, leading to fear of losing money and not daring to buy.
Daring to sell when prices are rising means you must have a set of selling discipline and be able to execute it steadfastly. Many people think about how beautiful it is beforehand but do not follow through afterward. The highest point of the rise is just for you to see, it’s not your money. There’s no such thing as ‘selling too late’; if you can sell too late, it’s not money from your trading system, and you won’t make money. Wealth is not built from a single trade but from multiple accumulations. Without taking small steps, you cannot reach a thousand miles. There is no perfect trade, only profitable trades; as long as you make a profit, that’s good enough.
When the market is bad, you should stay in cash. For example, if your strategy has clearly been losing money lately, and you’ve had a big loss, then take a break. True experts rest even after a big gain because the market condition might soon not align with their strategy. What follows may devour the wealth you previously earned. James Wynn made a lot of money but didn’t stop, and then suffered huge losses. He surely had no problem with his strategy and technical skills; it was just that the market was not favorable to him. He didn't stay in cash to hedge against the market, and the market consumed him. What is called going with the trend means you discover that your strategy just happens to align with the market’s trend, and you make money by going with it, not that you see through the market trend and constantly adjust your strategy to go with it. Staying in cash preserves your trading emotional strength and keeps your bullets. When the next opportunity arises, you will have bullets to fire.
Another approach is the dollar-cost averaging strategy: it provides you with bullets at all times, so you don’t have to feel anxious. If it drops and you want to add a bit, then add a bit; if you don’t want to add, then don’t add. You are always gaining, either in coins or in profits, or both at the same time. Regarding the targets, there’s really not much to say. We just need to have a super macro perspective to view the issues. Can the ‘King of Understanding’ change the trajectory of cryptocurrency? It was Bitcoin that made the ‘King of Understanding’, not the other way around. It is the trend of cryptocurrency that has made the financial market develop more completely, gradually swallowing up the inefficient financial markets. In the face of this trend, the ‘King of Understanding’ is just a speck of dust. Whatever he shouts, whatever strategy he proposes, there’s no need to panic. There may be a temporary impact, but it only makes your account fluctuate a bit.

If you are trading on a small cycle, then we should also have a small macro perspective. For those targets that have already been chosen by the market, we don’t need to study fundamentals or news; reasonable allocation is generally not a big problem. For example, you can buy 1-5% of your assets. No matter what they do, they won’t hurt your roots. Or if you simply don’t buy, that’s not a big issue either. If the targets you buy make you too anxious, and you find yourself looking for news every day, then you might have bought too much.

Wealth that requires too much effort is like sand; it’s often hard to hold onto.