Recently, the back-end has been overwhelmed by soul-searching questions from newbie babies: 'It's been sideways for days, no hot spots, no leverage, is it really only possible to lie flat?' The answer is: of course not! As an old hand who has been in the crypto circle for 5 years, I recently used 60 days to grow from 2800U to 68,000U, without staying up late or touching any small coins, relying solely on 3 'blunt knives' without greed or gambling, thereby avoiding 80% of this year's pitfalls. Beginners can follow this method and also quietly make money during sideways periods!
The first rule: cut positions to save your life! All-in = suicide, splitting is the cash machine.
The current crypto market is a 'repeated back-and-forth', going all-in is basically throwing money into the water. I've seen too many beginners go all-in at a high point, only to end up crying over their losses. My iron rule is: split the principal into 3 parts, each with a 'specific mission', never let all funds be wiped out!
Short-term positions (1/3): At most, make 2 trades a day, profit 2%-3% and run! For example, invest 500U, a profit of 10-15U is enough to buy a cup of milk tea + cover fees; don't think about 'earning a bit more', greed is the first step to losing your principal.
Trend positions (1/3): Only wait for two signals - the MA30 line on the daily chart (30-day average) must be steadily above the MA60 (commonly referred to as a 'golden cross'), and the price must break recent highs with increased volume; only then should you enter! Once you've earned 30%, withdraw half your principal and set a 10% trailing stop-loss; if it drops 10%, sell immediately, never get attached.
Backup positions (1/3): This portion of money is more precious than my girlfriend's secret stash! It is specifically used to cover short-term losses; regardless of how tempting the market looks, never add new money, always leave yourself a way out.
The second rule: only follow the trend! It's better to go home and binge-watch than to act blindly during sideways periods.
The most common pitfall for beginners is 'itchy hands' during sideways markets, chasing ups and downs, resulting in huge transaction fees and being stuck halfway up the mountain. My principle is: only trade clear trends like 'MA30 golden cross MA60 + volume break high'. The rest of the time? Close the software decisively! This year, nearly 60% of the time has been sideways; some people stare at the candlestick chart every day, their eyes bloodshot, losing enough in fees to buy several cups of frappuccino, only to be stuck at the peak; as for me? I took the opportunity to binge-watch two series and went on a local trip with my parents, perfectly avoiding all temptations. Remember my words: sideways periods are not for making money, they are for weeding out the inexperienced! It’s better to do nothing than to act blindly; conserving energy for the trend is 100 times more reliable than staring at the screen every day.
The second rule: control yourself first! Discipline is more valuable than market trends.
In the crypto circle, 90% of people lose their principal, not because they don't understand the technology, but because they lack discipline - holding positions, staying up late, being overly greedy, each one is a 'liquidation trigger'! I set 3 strict rules for myself, no advice will change that:
Immediately stop-loss if a single loss reaches 3%! Hesitation leads to defeat, holding positions will lead to zero; don't think 'just wait a bit and it will come back up', the market never pities gamblers.
If floating profit exceeds 10%, immediately pull the stop-loss to the cost price! For example, if you bought for 100U and it rises to 110U, set the stop-loss at 100U, which is equivalent to insuring the profit; even if the market corrects, at least you won't lose your principal, ensuring a profit without loss.
Unload the APP at 11 PM sharp! I used to stay up late trading too, but ended up making wrong decisions due to fatigue, regretting it later. I then established a rule: if I stay up late once, I can't touch any trading software the next day. Out of sight, out of mind; this is much more reliable than forcing self-discipline.
In fact, the crypto circle has long passed the barbaric era of 'gambling can make money', especially during sideways periods; it's not about luck, it's about rules and discipline. Don't always think about 'doubling overnight'; hone these 3 'blunt knives' for easy wins: cut positions to mitigate risks, wait for trends without acting blindly, and maintain discipline to control emotions. When the next market wave arrives, you can enter steadily with your principal, while others are still chasing ups and downs, you are already quietly making money!
As an old hand deeply engaged in crypto technical analysis, I will continue to share practical techniques for MA30 golden crosses, details on setting trailing stop-losses, and secrets for managing positions during sideways periods. Follow me, and when the next trend starts, you can enter the market with ready-made rules, without staying up late or gambling on luck, and still make steady profits!