This method in the cryptocurrency world helped me say goodbye to working for others and earn a five-figure monthly income!
I was a poor working girl, and joining the cryptocurrency world was thanks to the very simple "8 methods of trading cryptocurrencies" taught by my mentor. Now I can earn five figures every month.
I used to lose sleep over my losses, but I was fortunate to meet my current mentor who taught me this method.
(Recommended to like + bookmark to avoid losing it later) Here are the essentials:
1. The principle of stopping the itch when your hands are itchy
If the price point hasn’t appeared, I’d rather watch short videos than place an order after practicing the patterns a thousand times.
Just like playing Mahjong, if I'm obviously not in good shape, I definitely won’t participate!
2. Night owl trading strategy
During the day, the market behaves erratically, with all sorts of fake news popping out.
After 9 PM, the big players have finished dinner, and the market trends reveal their true nature.
I often find that I can read the market better while sitting on the toilet than during the day!
3. Take a bite of the meat that’s in your mouth
If I earn 1000, I pocket 300! The rest, play however you want.
I’ve seen too many people earn enough for a Mercedes and then not know when to stop, only to lose even their bicycles later.
4. Install a "demon-spotting mirror" on your phone
Download TradingView, and before placing an order, I must check three indicators:
MACD golden cross and death cross (when the two lines intersect)
RSI overbought and oversold (above 70 / below 30)
Bollinger Bands squeezing or expanding; at least two indicators must agree before I take action. If it feels reliable? That thing is particularly deceptive!
5. Know how to perform magic with stop-losses
When sitting in front of the computer, I play with "building blocks": if I earn 100 USD, I raise the stop-loss by 50 USD, repeating the process.
Going out to walk the dog? Just set a 3% hard stop-loss, and I’m not afraid of sudden spikes.
6. Withdraw every Friday
No matter if I earn 10,000 or 1,000, at 3 PM on Friday, I withdraw 30%.
I specially opened an account called "coffin money" on a certain shopping website, and I never change this routine.
7. Look at K-lines like watching a TV series
If you want to earn quickly, focus on the 1-hour chart; if there are two consecutive bullish candles, it’s time to charge into the sideways market.
Switch to the 4-hour chart to find support levels, just as precise as looking for restroom signs.
8. These pitfalls will definitely lead to disaster
Leverage over 100 times = looking for death (newbies are advised to start with 50 times as practice)
Frog coin and dog coin are all just tools for cutting韭菜 (the metaphor for inexperienced investors losing money).
No more than 3 trades a day; if you can’t stop like snacking on sunflower seeds, you’re done.
Remember: treat this as a job, and shut down at the designated time.
The more casual you are, the more you can reap the rewards.
I now only spend 2 hours a day analyzing the market, and the rest of the time I go shopping for clothes and enjoying delicious food!