Starting from 2018 trading cryptocurrencies, my account grew to 8 figures from 2021 to 2024. It’s not just good luck; it’s about losing enough to understand these principles.
People always ask me: Bro, what do you look at when selecting coins and making purchases?
I’ll tell you my method now is simple but steady; it’s not that complicated, but the results are genuinely good.
To be direct, if you can understand, just copy it; if you can’t, just consider me bragging.
Step 1: Look at the Gain List
The first step in selecting coins is to check the gain list, seeing who has moved and risen in the past two weeks, and add them to my watchlist.
Why? Only coins that have risen attract attention, which leads to further opportunities.
By selecting coins this way, it's less likely to miss potential stocks.
Step 2: Monthly MACD
No need to look at so many technical indicators; I only look at one—monthly MACD golden cross.
A golden cross indicates a trend; stop thinking about short-squeeze rebounds; I've had enough of that gamble.
If you want to earn steadily, find trends and follow them.
Step 3: Focus on the 60-Day Line
I rarely look at daily lines; I only focus on the area around the 60-day line.
As long as the coin price pulls back to the vicinity of the 70-day moving average with volume, I’ll immediately invest heavily.
No guessing, no gambling; enter the market when signals come, rest when there are none.
Many people gamble on opportunities below the 70-day line; they either lose money or face liquidation, which is too dangerous.
Step 4: Don’t Get Attached After Entering
Once in, if the signal is clear, hold on; if the line breaks, exit immediately without hesitation.
Many people end up reluctant to leave, turning profits into losses; that’s the cost of lacking discipline.
Leave when it’s time; never drag your feet.
Step 5: Take Profit Gradually
If the gain exceeds 30%, cut half; at 50%, cut another half; don’t think about taking the whole segment; the market won’t feed you entirely.
Small profits are to be taken; take your time; longevity is the hard truth.
Step 6: Exit If It Breaks the 70-Day Line
This rule is my ironclad principle: if it breaks the 70-day line, exit immediately.
Whether just bought or already held for a few days, breaking it is a signal to go; don’t be soft-hearted.
This principle has saved me countless times; many people fail because they refuse to cut their losses emotionally.
Many might think this method is too mechanical, but I tell you, the more emotional you are, the faster you fail.
Look at what I said; which of these points is difficult?
None of it is hard; the hard part is whether you can execute it.
So, if you ask me how to make money, how to turn things around,
These are the rhythms I learned from losing 6 million.
There will always be market opportunities,
But most people never live to see the wave of profits.