I summarized 8 major iron rules using the dumbest cryptocurrency trading method with an almost 100% win rate.

1. Skillfully use the morning market: In the early morning, the sentiment in the cryptocurrency market is the purest. If prices drop sharply, don’t panic; this might be a good opportunity to buy low. If the prices are soaring in the morning, don’t be greedy; take the chance to sell for profit and lock in gains.

2. Master the afternoon strategy: If there’s a sudden surge in the afternoon, don’t be swept away by the crowd to chase in; it’s mostly a false rally, and buying at high prices can lead to losses. Conversely, if there’s a sharp drop in the afternoon, it’s wise to stay calm and observe for a while, as you can often find the right entry point at a lower price the next day.

3. Maintain a calm mindset during downturns: If you wake up to see a significant drop in cryptocurrency prices, don’t rush to cut losses. The market changes rapidly, and early fluctuations are often misleading; if the market is stagnant and calm, don’t be anxious. It’s better to take a break, conserve your energy, and wait for opportunities.

4. Strictly adhere to buying and selling principles: If the cryptocurrency you hold hasn’t reached your expected high, don’t sell easily; making less is still a loss. If it hasn’t dropped to your psychological price point, refrain from buying rashly to avoid catching a falling knife. As for sideways trading, when the trend is chaotic and direction unclear, trading at this time is like a blind man touching an elephant; it’s better to observe from the sidelines.

5. Operate based on candlestick patterns: Buy on bearish candles and sell on bullish candles; this is a classic strategy. A bearish candle indicates a price correction and cheaper chips, making it a good time to enter; a bullish candle signals a short-term uptrend, so sell at highs to secure profits.

6. Breakthrough with contrarian thinking: To stand out in the cryptocurrency world, sometimes you have to go against the crowd. When everyone is enthusiastically chasing, maintain a calm demeanor; when there’s widespread panic selling, be more decisive and dare to act contrarily; this way, you can find niche opportunities for wealth outside the mainstream tide.

7. Endure the grind of consolidation: When prices consolidate at high or low levels for a long time, it can be very frustrating. At this time, don’t let anxiety push you into rash actions; be patient and calm. Wait until the trend becomes clear, whether it’s an upward breakout or a downward probe, and then strike with full force.

8. Capture the tail end of a surge: After a long period of sideways movement at high prices, once there’s renewed upward momentum, don’t hesitate; this is likely the final frenzy. Sell in time to secure your profits; otherwise, it may slip away in an instant, and the cooked duck may just fly away.