I used the dumbest method for trading cryptocurrencies, and my win rate is close to 100%! (A must-read for all cryptocurrency traders)

I have a close friend from Hegang in Northeast China who went bankrupt three years ago, burdened with a debt of 60 million. But he refused to give up and chose to retreat and study cryptocurrency trading.

By the end of this year, when we reunited on a business trip, he had paid off his debt and was earning over seven figures a month, with an annual income in the eight figures. During our conversation, he shared the trading method he summarized over three years. After organizing and validating it through thousands of practices, I found that the win rate is as high as 98%. Now I share it with everyone. Retail investors often fall into misunderstandings in the cryptocurrency market, stubbornly holding on when they incur losses, selling as soon as they make a profit, and ignoring market trends and trading volume. Correct practice is to hold steady when in profit, allowing profits to grow; decisively stop loss when losses exceed 5% of the principal. When profits reach 15%, if it falls back to 10%, take profit. Following this strategy, even with a win rate of 50%, operating 100 times can yield a 300% return. In trading, the biggest obstacles are the inner greed and fear; it is essential to align actions with knowledge and remember that 'trend is king, follow the trend'.

If you don't know how to judge trends, you can look at moving averages. In a bull market, moving averages go up; in a bear market, they go down. For short-term trading, pay attention to the daily moving average; if there is a breakout with volume, follow it; for medium to long-term trading, look at the weekly moving average, entering when it breaks out and exiting when it falls below. If the market is bad, stay in cash; when cryptocurrency prices drop, do not try to catch the bottom, only engage in high-probability events. Be brave enough to admit mistakes and stop losses in time; this is fundamental for survival in the cryptocurrency market.

Regardless of the trading method used, mastering one and using it to the fullest is sufficient. For short-term trading, look at 15-minute, 30-minute, and 1-hour candlestick charts, use the KDJ indicator to find entry and exit points, and judge the main force's intentions through the OBV indicator.

Washing out with reduced volume and increasing volume for selling. A strong rise in cryptocurrencies issues risk warning notices; short-term may just be a volume contraction and consolidation or may reach new highs. I hope these experiences can help you avoid detours in the cryptocurrency market and achieve your wealth dreams. Remember, trading is a dual game of skills and mindset.

If you are also a tech enthusiast and are quietly studying technical operations in the cryptocurrency market, you might want to follow the official account 'Bitcoin Walker' to get the latest cryptocurrency intelligence and trading skills.