Five years ago, I met Old Zhang. At that time, he was sitting in the corner of the café, staring blankly at the market trend chart, with two bank cards casually placed on the table. He smiled and said, "I just cleared one account, and I’ve probably made a few million."
Old Zhang is a veteran in the cryptocurrency world, having been through the ups and downs for many years. Initially, he entered the market with 100,000, and now his account's market value has reached 42 million. He often says he has no special talent, just that he is slow, timid, and can endure. But in a place where everyone is eager to get rich overnight, it is precisely this kind of "clumsiness" that has helped him get to where he is today.
I asked him how he makes money, and he said something that left a deep impression on me: "The cryptocurrency market is an emotional market; most people are just a flock of followers. As long as you can control your emotions, this place is an ATM."
His methods actually boil down to four points:
First, don’t be greedy for small profits, don’t incur big losses.
Many people open a long position at 20,000 and are eager to take profits at 21,000, only to see the market soar to 25,000, making just 5% but missing out on 50%; the next time they want to hold, they get slapped in the face by a pullback. Most people get stuck in this cycle.
Second, only pick mainstream coins that have dropped thoroughly and are starting to rise.
Avoid flashy new coins; first, use 10% of your position to build a base, and add more once it stabilizes. The method is clumsy but stable.
Third, after a trend develops, add more on the pullback.
While others always want to catch the lowest point, he prefers to wait for a clear direction, even if it means buying at a higher price.
Fourth, after each rise, withdraw the principal and half of the profit.
Let the remaining position fluctuate; when it reaches the target, exit, and never be greedy. Money in the pocket is real profit.
With this set of "clumsy methods," he helped a friend who had lost over 600,000 last year; within six months, they not only recouped their losses but also successfully gathered enough for a down payment on a new house.
To be honest, there are too many smart people in the cryptocurrency world; what’s lacking is precisely the "clumsy people" who can control their hands and endure patience. When others chase highs and cut losses, as long as you follow the trend, you can pick up the money they panic and leave behind.