From 50,000 to 15.5 million, I used the dumbest method of trading cryptocurrencies, and my win rate currently reaches 100%! A must-read for all new and old investors!

First, when you make a profit, you need to protect it. For example, if you buy a coin and it rises by more than 10%, you need to be careful. If it falls back to your purchase price, sell it immediately without hesitation. If you make a 20% profit, then you should set a rule for yourself that you won't sell unless the profit is at least 10%, unless you are sure this is a temporary peak; otherwise, don't sell easily. The same principle applies: if you make a 30% profit, you should at least protect 15% of the profit before selling. This way, even if you don't have the technical skill to judge a peak, you can still let your profits roll on their own.

Second, when you lose money, you must decisively cut your losses. If you buy a coin and it drops by 15% (this number can be set by you, but 15% is a suitable reference), then you should quickly cut your losses and exit. This is to stop the loss in time and not let yourself fall deeper. If it rises afterward, that's okay; it just means you didn't choose the right entry point, which is a wrong trade, and mistakes come with a price: that is a loss. You must remember to set a stop loss every time you open a position; this is a necessary condition for trading cryptocurrencies. #CryptoSphere

Third, if a coin you sold drops in price, buy it back at the original price. If you sell a coin and it drops, but you are still optimistic about it, then buy back the same amount of coins. This way, the number of coins you have remains unchanged, but you have more funds on hand. If it doesn’t drop much after you sell and you don’t buy back, and later it rises back to your selling price, you have to buy it back unconditionally.

Although doing this may waste some transaction fees, it can avoid a lot of missed opportunities. This principle can be combined with the stop-loss principle: buy back when it returns to the original price, and cut losses if it drops again. If you do this multiple times and find that the price of this coin is always unstable, then you need to choose a different entry point.

In short, short-term trading in cryptocurrencies must adhere to principles; quick entry and exit do not equal reckless behavior, chasing hot trends does not equal random collisions, taking profits does not equal being timid, and holding cash and observing does not equal exiting the crypto sphere. Don't get too tangled up in the lowest and highest price points when buying and selling.

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