The dumbest way to make money in the crypto world, even the aunties at the market can understand
The dumbest way to make money in the crypto world: The smarter the person, the faster they die in the crypto world. This is a lesson I learned with real money.
Three years ago, I was a 'technical trader' staring at the computer until dawn, studying various candlestick patterns, MACD golden crosses and dead crosses, RSI overbought and oversold... What was the result? Earned some, lost some, account balance stayed the same, and I even got liquidated a few times.
Until one day, I met an experienced trader who told me: When trading crypto, the simpler, the better. Then he taught me the dumbest method - the 343 incremental buying method. I scoffed at the time: Isn't this too simple? Only a fool would use this! Now, I will tell you this method in full.
1. The 'dumb method' that traders hate the most: 343 incremental buying method. The core of this method can be summed up in one sentence: Don’t guess the ups and downs, just buy according to the plan.
Step 1: 30% initial position (tentative purchase) Choose a coin (like mainstream coins such as BTC or ETH) and buy 30% of the total funds first. Key point: Don't go all in at once!
Step 2: 40% additional purchase (lowering cost) If it goes up: Don’t rush to chase, wait for a pullback to add 40%. If it goes down: For every 10% drop, add 10% of the funds until you complete the 40%. Core logic: The more it drops, the lower your holding cost, and the greater the profit when it rebounds.
Step 3: 30% final position (add after confirming the trend) When the coin price starts to rebound and firmly holds a key support level (like the 7-day moving average), then put in the last 30%.
Then, set a trailing stop to let the profits run. Why can this method make money?
1. No market predictions, just follow the trend.
2. Incremental buying to avoid being trapped all at once. 3. The more it drops, the lower the cost, and the greater the profit during the rebound.
