To make money from trading cryptocurrencies, you don't have to be a genius! The simplest methods can help you turn your fortunes around.
Many people think that to make money from trading cryptocurrencies, you need to know how to draw lines, understand indicators, and chase hot trends.
But let me tell you a harsh truth: the opposite is actually true!
Sometimes, relying on some 'simple and foolish methods' can make it easier to survive than chasing hot trends or relying on luck, and you can go further.
I am a post-90s individual, and I entered the cryptocurrency world in 2013. Back then, I knew nothing and invested over one million that my parents had worked hard to save, only to lose it all.
Unwilling to accept defeat, I borrowed 500,000 but lost it all again, totaling a loss of 1.5 million!
I told myself: either I die or I turn my fortunes around in the cryptocurrency world!
Later, I secretly borrowed another 200,000 and managed to turn it into 47 million using this strategy!
I summarized '10 foolish rules' to help people avoid detours:
1️⃣ Never go all in; layered positions create a path to survival.
2️⃣ Lock in profits from one trade, put the profits away and fight again.
3️⃣ If the trend is not over, don't exit rashly.
4️⃣ If the market turns bearish, it’s better to stay out and rest.
5️⃣ Look less at news and more at price action.
6️⃣ Emotional stability is more important than any technique.
7️⃣ Be courageous to cut losses; keep the qualification to turn things around.
8️⃣ Review weekly; immediately correct where you went wrong.
9️⃣ When hot trends come, be bold to jump in, but get in and out quickly.
🔟 Always remember: the market is not short of opportunities; what's lacking is people who can survive.
Here's a case study: price action is king!
There's a forex trader, Dale Wood, who focused on 'price action' for 17 years. He doesn't use indicators or look at complicated EAs, just watches the most basic candlestick patterns and the most genuine price fluctuations.
Result? He made a fortune using this method!
Why? Because price action is the signal that is closest to the essence of the market. Learning to read prices is equivalent to mastering the language of the market!
I have lost 1.5 million and also turned 200 times; I have been rubbed to the ground by the market and also turned my fortunes around with simple methods.
Making money in the cryptocurrency world relies not on fancy skills, but on: steadfast position control + rolling with the trend + emotional rhythm!
Stop chasing hot trends and blowing up your account; learn to use the simplest methods, and you will find that:
Turning your fortunes around is simpler than you think!
