My cryptocurrency trading method is very simple and practical:
Many people think that trading cryptocurrencies relies on "insider information" or "accurate predictions". In fact, ordinary people can make money simply by adhering to discipline.
The "Five-Step Incremental Method" I summarized is suitable for all players with limited capital:
1. Split the funds into 5 parts of 10,000, dividing it into 5 portions of 2,000. Only use one portion at a time; never touch the remaining money — this is to avoid the impulse of "putting it all in at once".
2. Use 2,000 to test the waters.
Choose a cryptocurrency that you are optimistic about and first buy 2,000 worth of spot. Remember, beginners should never touch leverage; the fluctuations in spot trading are enough to double small amounts.
3. Buy more after a 10% drop. If the price drops by 10% after your purchase, add another 2,000. At this point, your cost has decreased by 5%, and as long as it rebounds by 5%, you can break even, which will significantly reduce psychological pressure.
4. Take half the profit after a 10% increase. No matter how much it may increase afterward, first sell half to lock in profits. For example, if 2,000 rises to 2,200, sell 1,000, and even if the remaining 1,000 drops back, you will still have made at least 100.
5. Repeat the process to let profits grow. Use the profits from the sell-off to find a new cryptocurrency and repeat the previous steps. Using this method with 10,000, it is not difficult to multiply it by 5-10 times in a year; the key is not to be greedy and to be satisfied with a 10% profit each time. $BTC