There is a silly method in the cryptocurrency world that might help you when you're feeling lost — single coin single direction swing.
To put it simply: fixate on one coin, only follow one direction, and don’t jump around.
In the early days, my biggest mistake was switching between three different coins in a day, flipping through K-line charts faster than reading a book, and learning a bunch of indicators, only to pay all my money as 'trial and error fees.' Later, I understood that making money in the cryptocurrency world requires focus more than anything else.
For friends with average technical skills, I suggest sticking to BTC or ETH. First, identify the major trend — if it’s a clear uptrend, only go long; if it’s a clear downtrend, only go short. Don’t always think about guessing rebounds or bottoming out; follow the trend until it’s completed. If you can’t see the market clearly, it’s better to just stare at the screen than to place a trade.
The rule of dividing funds into three parts is ironclad; I repeatedly emphasize this when training students:
1. Enter with 1/3 at a low position, add 1/3 when breaking through key levels, and add the final 1/3 when the trend is confirmed;
2. Take profits in batches, withdraw half after making 20%, and set a trailing stop for the remaining;
3. Stop losses must be strict; cut losses at 3%, leaving room to make big profits.
Last month, I helped a student use 500 USDT to focus on ETH. After three days of following the strategy, his account grew to 1400 USDT. He is now focused on repeating the actions rather than rushing to earn more.
The core of this method is three points:
1. Fixate on one coin without distractions. One student printed ETH’s K-line and stuck it on the wall, looking at it for three hours a day; after three months, he could know the fluctuation range with his eyes closed;
2. Write down the entry, add position, stop loss, and take profit in advance; read through the plan before placing an order to avoid 80% of impulsive actions;
3. The risk-reward ratio must be above 1:2; even if you’re wrong three times out of five, making a profit on the two correct trades will recover double the losses, leading to long-term gains.
To be blunt, this method is not suitable for gamblers. Those who hope for overnight doubling cannot withstand the sideways fluctuations.
It is only suitable for those who can endure, maintain discipline, and are willing to slowly grow their accounts.
Is it better to continue randomly crashing into opportunities or to calm down and thoroughly understand one coin?
Once you figure it out, you’ll know how to choose. If you want to discuss specific stop-loss levels or have uncertainties about the temperament of a certain mainstream coin, feel free to contact me at @大师兄说币 . Sometimes, bringing your focus back makes the path to profit clearer.