Want to survive in the crypto world?
Don't pretend to understand; those who truly understand make money the simplest way!
Newbies often die because they think they understand the market and want to trade on everything.
Honestly, when I first entered the market, I was the same—chasing trends, staring at K-lines until my eyes almost went blind, and in the end, it was like gambling; the more I played, the more I lost, my hair fell out, and my emotions were about to break down...
It wasn't until I blew up three accounts in a row that the 'market' taught me a harsh lesson.
I realized:
Now, my trading method is ridiculously 'dumb,' but it works:
I don't trade during the day; I only check the market after 9 PM!
During the day, the news is chaotic, the volatility is high, and it's easy to get cut by the big players. I only enter the market after the news has settled and the direction is stable. I only look at one or two key points a day, so don’t click randomly!
I only look at three major indicators, which have nothing to do with feelings!
MACD: Only consider going long with a golden cross; avoid the death cross completely.
RSI: Only consider bottom fishing below 30; don’t dream above 70.
Bollinger Bands: Absolutely do not move during the contraction phase; wait for it to break out before acting.
I only trade when two out of these three indicators align. I’d rather miss an opportunity than make a wrong decision.
Stop-loss and take-profit are my bottom line; I cut losses without hesitation!
If I lose 3%, I'm out immediately; if I make a profit but retrace 20%, I'm out too. I never get greedy; the goal of each trade is to preserve my capital, not to get rich.
Most people blow up their accounts, not because of the market, but because of bad habits.
You rush in at the sight of a bullish candle, you bet on direction without setting a stop-loss, you use leverage without a rhythm... these 'details' are the real culprits that destroy accounts.
To be honest, those who can turn things around aren’t geniuses; they’re the ones who can diligently execute a set of 'simple methods.'
These simple methods aren't theories; they are the core rhythms I summarized after climbing out of bankruptcy.
There is a complete logical chain, but not everyone can understand it.
If you can read this, you probably don't want to mess around anymore.
I won't go into too much detail about the method here; first, learn to save yourself, then we can talk about turning things around.
Don't wait until you've lost everything to regret it.
