There is the dumbest method for trading cryptocurrencies that has almost 100% profitability. I made over 15 million using this method!
Six survival rules in the cryptocurrency world:
1. Wait for the trend to become clear before acting
- After a high-level consolidation, it is easy to reach a new high; after a low-level consolidation, it is likely to reach a new low.
- Don’t rush to trade blindly during consolidation; wait until the price breaks through key positions before taking action.
2. Don't force trades in a volatile market
Most people lose money because they always try to find opportunities during sideways movements. Remember: sideways movement means the market is “holding back a big move”; instead of becoming fodder in it, it's better to wait for the trend to become clear.
3. Interpret candlestick patterns in reverse
- See a large bearish candlestick closing (bear market)? It might be a buying signal.
- See a large bullish candlestick closing (bull market)? Consider taking profits first.
(In simple terms: don’t panic when seeing a bearish close, don’t be greedy when seeing a bullish close.)
4. Avoid rebounds in a downtrend
When the market is in a downtrend, rebounds are often just a “flash in the pan” and can accelerate the decline. At this time, instead of buying at high prices, it’s better to wait until the trend is completely broken before acting.
5. Build positions in batches, pyramid strategy
Don’t buy everything at once; buy more when the price is lower and less when the price rises. For example:
- Buy 10% on the first purchase, buy 20% after a 5% drop, and add more if it drops again...
This way, you can lower your average cost and avoid betting wrong all at once.
6. Clear positions in a timely manner when the trend ends
Whether rising or falling, when the price reaches an extreme, it will inevitably enter a consolidation phase. At this point:
- Don’t hold on at high levels: sell if it has risen a lot, don’t wait for a pullback and regret it later.
- Don’t rush at low levels: wait for confirmation of a trend reversal before buying, don’t be fooled by short-term fluctuations.
If the price starts to decline wave by wave from the high point, clear your positions quickly— the trend might be about to change!
Remember: trading is not gambling, but a game of probabilities.
- First, avoid those three “pits”; preserving your capital is the most important.
- Short-term trading requires discipline: once rules are set, execute them, don’t be swayed by emotions.
- Don’t think about “making all the money”; it’s enough to seize a few certain opportunities.
Lastly, to be frank: the market is never short of opportunities; what it lacks are people who can calmly seize those opportunities.
