Let's talk about something practical today — how I made 1.6 million with a 700,000 investment. I'm still using this method, and the core is three words: stability, simplicity, and patience. As long as you can stay calm, you can basically earn more and lose less, especially suitable for beginners, quick to grasp, and once understood, you can walk a steady path.
The first step is to choose the right cryptocurrency as a foundation.
I only select cryptocurrencies that have been trending upward for the last six months and add them to my watchlist. There's a small rule: if any cryptocurrency drops for more than three days in a row, I immediately remove it from the list.
I learned this lesson the hard way: once I chose a cryptocurrency that had dropped for five days thinking it was at the bottom, but it continued to decline. Later, I found out that the market makers had already sold off their holdings, and such cryptocurrencies are unlikely to have major rallies later, purely a waste of time.
The second step is to use the monthly MACD to lock in trends.
The monthly MACD confirms trends: look for a golden cross on the monthly MACD; the medium to long-term trend signals are more stable, and the win rate is far higher than for shorter cycles.
The third step is to find entry points using the 60-day moving average on the daily chart.
Once the general direction is set, switch to the daily chart to look at the 60-day moving average. When the price retraces to near the 60-day moving average and a strong bullish candle appears, it's time to enter, as the probability of a rebound is high (a volume-less rebound is often a false signal).
The fourth step is to set profit-taking and stop-loss levels like buying insurance.
I take profits in three steps: when I earn 30%, I sell one-third to secure some gains; when I earn 50%, I sell another one-third to recover most of my costs; the remaining portion follows the trend, without being greedy for the last bit.
Stop-loss is even simpler: if the price falls below the 60-day moving average, regardless of how much I lose, I clear the position immediately. Once, I hesitated for a moment and ended up losing 200,000; later, I realized that stopping losses isn't losing; it's about preserving the capital for the next entry.
The core of this method boils down to two points: the monthly MACD golden cross confirms the trend, and the daily 60-day moving average retracement is the entry point. The combination of these two signals is much more reliable than random guessing.
In my spare time, I monitor the primary market where many potential cryptocurrencies are gaining momentum. Experimenting with small funds, if you catch one, you can easily double your investment. Recently, I've noticed a new AI cryptocurrency with international capital backing; after it launches, the price increase may be significant.
Although the method is simple, the key lies in execution. Emotional trading is the main cause of losses; controlling emotions and strictly adhering to discipline are crucial.
If you're uncertain about a particular cryptocurrency or want to discuss specific operations, feel free to contact me at @bit多多 . Sharing experiences can help avoid unnecessary detours.
