I've been in the cryptocurrency space for nearly ten years, from a complete novice who knew nothing to now being able to make consistent profits; I believe I have developed my own set of methods. Today, I will share my experiences and methods candidly with everyone—it's not some lofty theory, just practical and straightforward methods—but ironically, this simple method has allowed me to grow my initial capital of 60,000 to over 50 million now.
I remember back in 2017, I entered the market with 60,000, just in time for a bull market, and confusedly earned my first million. Later in 2020, I played with around 10 million in capital and at one point made over 20 million. Last year was even crazier; I tested with 200,000, and due to good timing, I made a hundredfold. But to be honest, these windfalls were all luck; what really allowed me to make sustainable profits was the conservative strategy I summarized later.
My method is particularly simple, just three points:
1. Better to miss out than to act recklessly: Most of the time throughout the year, I stay in cash, waiting, only taking on opportunities that are nearly certain. Many people trade every day, but they are actually just paying fees to the exchange.
2. Only increase position after making a profit; never average down on losses: This is counterintuitive but extremely important. If you are interested in a coin that rises by 10%, confirm the trend before adding; if it drops right after your purchase, it indicates a wrong judgment, so quickly stop-loss.
3. Only eat the fish body: Don't think about consuming from head to tail; after the price of the coin doubles, I basically don't touch it anymore; any further gains are for others.
In specific operations, I mainly look at three things:
- Weekly trend: Only consider buying when the overall direction is upward; I don't touch coins in a downtrend, no matter how good they may seem.
- Trading volume: Following in during sudden volume spikes is more reliable than any news.
- MACD golden cross: Although indicators can lag, the golden cross below the zero line is quite accurate.
The key is actually controlling your hands. I know many experts who fail due to frequent trading; I now spend no more than two hours a day watching the market, and the rest of the time, I do what I need to do. The money in cryptocurrency is earned by sitting, not by trading.
There are a few hard-learned lessons that must be mentioned:
- Never borrow money to play: In 2018, I almost got liquidated because I used leverage; now I only use spare cash.
- Don't trust insider news: Whales release information to get you to buy.
- Withdraw profits regularly: Take out a portion of what you earn, otherwise, it's just paper wealth.
This method sounds particularly foolish, but sticking to it long-term yields the best results. Last year, a friend who followed my approach turned 500,000 capital into over 3 million in a year, the key being his mindset was excellent; he would stop-loss whenever needed and never stubbornly held on.
The most magical thing about the cryptocurrency world is that those who are overly eager to get rich are more likely to lose money, while we, who use simple methods, inexplicably earn money. If you really want to survive in the crypto space for the long term, you might try this approach. Remember, slow is fast.
I am@天机看势 , proficient in medium to short-term contract trading, follow my daily investment tips, and contact me for detailed strategies.#特朗普施压鲍威尔 #山寨季何时到来?