A dedicated fan asked me a couple of days ago: “Uncle Nan, I've been messing around with various indicators for two years, and when I calculated it, I lost 50%... Is there a simplest and most stable method?”
In fact, over the years of trading cryptocurrencies, I have tried countless methods, and the one that has allowed me to survive and maintain profits is precisely the simplest method.
It doesn't use flashy indicators, nor does it require watching the market for short-term trading. As long as you follow these four steps systematically, many people using this method earn 3 to 10 points daily, steadily profiting.
Step 1: Choose Coins
Put the coins that have appeared on the gainers list in the past 11 days into your watchlist, and exclude those that have fallen for more than 3 consecutive days, as these are often the ones where the main funds have withdrawn.
Step 2: Check the Monthly Chart
Open the monthly chart and only focus on the coins where the MACD has just crossed over. These coins often have potential medium-term trends.
Step 3: Check the 60-Day Moving Average
Switch back to the daily chart and only look at the 60-day moving average. When the coin price pulls back near the 60-day moving average and breaks through with increased volume, decisively enter with a heavy position.
Step 4: Take Profit and Risk Control
Sell one-third when the gain exceeds 30%, and sell another third when the gain exceeds 50%. The most important thing is: if the price drops directly below the 60-day moving average the next day after buying, you must stop-loss with the entire position without hesitation, and don’t fantasize about a rebound.
This method is simple, but the real challenge is execution. Most people do not struggle with selecting coins or understanding charts, but rather with holding positions, hesitation, and luck... A downturn will teach them a lesson in the market.
Those who can make money are never the smartest, but the ones who can execute trading discipline the best.
The market is in constant competition with human nature. The opportunities you see may be traps; the risks you see may also be opportunities hidden by others.
Trading cryptocurrencies doesn't require flashy moves; going with the trend is the way to go. The market is providing opportunities, follow me, avoid detours, and let’s profit together!
