The Dumbest Yet Most Effective Method for Trading Cryptocurrencies
Over the years of trading cryptocurrencies, I have tried many methods, but ultimately only one dumb method has allowed me to achieve stable profits.
There are no complex indicators, nor do you need to watch the market for short-term trading; as long as you stick to this four-step process, earning an extra 3 to 10 points every day is not an issue.
Step 1: Choose a Coin. Add coins that have appeared on the gainers list in the past 11 days to your watchlist, excluding those that have been continuously declining for more than three days, indicating that funds may have already exited.
Step 2: Look at the Monthly Chart. Open the monthly chart and only focus on the coins with MACD golden crosses.
Step 3: Look at the 60-Day Moving Average. Switch back to the daily chart and only look at the 60-day moving average. When the coin price retraces to near the 60-day moving average and a strong volume candlestick appears, enter with a heavy position.
Step 4: Take Profit and Risk Control. Sell one-third when the gain exceeds 30%, and sell another one-third when it exceeds 50%. The most important point is that if the price drops below the 60-day moving average the day after purchasing, you must sell everything without hesitation and without any delusions of luck.
This method is not complicated, but the real difficulty lies in execution. Many people know what to do but end up holding onto their positions, fantasizing, and hesitating, ultimately getting eliminated by the market after a downturn.
Those who can truly make money are not necessarily the smarter ones, but those who are more committed to executing trading discipline.
The market is always in a game of cat and mouse with human nature. What you see as risk may actually be an opportunity; what you think is an opportunity may just be a trap.
Trading cryptocurrencies should not be a rigid mindset; going with the trend is the way to succeed.
Now is the time to buy at the bottom; follow me, and I will give you the points to turn things around!
