I am 37 years old, started trading cryptocurrencies at 28, and by 2025, my cryptocurrency trading will reach eight figures. My current lifestyle requires me to stay in high-end hotels costing around 3000 yuan, and I likely carry luggage and a hat with cryptocurrency symbols! I have hardly experienced troublesome business dealings.


I have the patience to summarize my insights; the most important thing in trading cryptocurrencies is having a good mindset, while technical skills are secondary.


1. When the market crashes, if your coin only experiences a slight decline, it indicates that there are market makers protecting the price from falling. Such coins can be held with confidence, and there will surely be rewards in the future.


2. For beginners trading cryptocurrencies, there's a simple and direct method: for short-term trading, look at the 5-day moving average; as long as the price is above it, hold; sell if it drops below. For medium-term trading, look at the 20-day moving average; hold if the price is above it, and sell if it drops below. The method that suits you best is the best; the key is to persist in execution.


3. If the main upward wave of a coin's price has formed and there is no significant increase in volume, buy decisively. Continue to hold during a volume increase; hold during a volume decrease as long as the trend remains intact; if there is a volume drop and the trend breaks, quickly reduce your position.


4. After buying for the short term, if there is no movement in the price within three days, sell if you can. If the price drops after buying, set a stop loss unconditionally at a 5% loss.


5. If a coin has dropped 50% from its high and has declined for 8 consecutive days, it indicates that it has entered an oversold state, and a rebound may occur at any time; consider following up.


6. When trading cryptocurrencies, choose leading coins, as they rise the fastest and fall the least. Don't buy just because the price has dropped significantly, and don't avoid buying just because the price has risen significantly. When trading leading coins, the most important thing is to buy at high levels and sell at even higher levels.


7. Trade in accordance with the trend; the buying price should not just be the lowest, but the most suitable. Don't easily call a bottom during a decline; give up on poorly performing coins. The trend is what matters most.


8. Don't get carried away by momentary profits; understand that sustained profit is the hardest to achieve. Review your trades seriously to see whether your profits are due to luck or skill. Establishing a stable trading system that suits you is the key to sustained profits.


9. Holding cash is also a strategy, and learning to do so is important. The first consideration in trading should be capital preservation, not profit. It's not about the frequency of trades, but the success rate.

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