I have been trading cryptocurrencies for nearly ten years, and I have also worked full-time in stocks for eight years. My assets are in the tens of millions, and I withdraw over 100,000 monthly from Binance. I feel no impact, living a leisurely and free life, without deceit and intrigue, living the life I want. Every morning, I first take my child to school, then return to make breakfast. After eating, around 9:00, I turn on my computer to summarize yesterday's transaction records into my trading system, looking for opportunities. I usually operate on over ten cryptocurrency trades at the same time. From 9:30 to 10:50 in the morning is generally the busiest time, while the afternoon is quieter with fewer trading opportunities. I can solve issues with my phone; if trading is quiet, I won't stare at the computer and will rest my eyes. In the afternoon, I usually go for a run in the park or forest, then pick up my child after school, return home, and sometimes cook dinner or order takeout. In the evening, I usually do some trading, spending more time sharing and answering questions, as well as writing reviews! If trading is slow or there’s a one-sided decline with few opportunities, I drive to a remote mountain pond to fish. As long as there is mobile signal, I can trade on Binance while fishing, very enjoyable. In short, it's a life of freedom.

In cryptocurrency investment, maintaining account liquidity—having coins on the market, money in the account, and cash in your pocket—is an important safeguard against market uncertainty. Never go all in; allocate funds wisely and master risk management. This not only stabilizes the investment mindset but also effectively controls risk. Investing with spare money rather than borrowed capital is the foundation of investment. Master basic operation techniques and thought processes, develop the habit of recording and summarizing, and treat each operation’s highs and lows as valuable experience to gradually cultivate information filtering and decision-making abilities.

In addition to solid skills, I also adhere strictly to the following nine iron rules: seize the elements of successful investment!

1. Investment does not rely on luck. If your profitable trades outnumber your losing trades and your account value is growing, it indicates that your investment strategy is becoming stable. However, if out of ten trades, nine are profitable, but one wipes out all gains, leading to negative growth in your account value, you need to reflect. Investment should not be heavily leveraged easily; if the direction is wrong, decisively stop losses and replan the next steps.

2. Trust yourself and avoid distractions. Many times, our initial judgment may be correct, but under the influence of others, we hastily change direction, resulting in missed profits. Investors must have strong beliefs; often, the truth is held by a few, and maintaining your confidence is key to winning in the market.

3. Master trading skills. The cryptocurrency market has its unique rules; following the trend is the basic principle, while counter-trend trading often comes with huge costs. Therefore, when trading, one should combine technical analysis and market trends, trying to avoid counter-trend operations. Focus on learning technical aspects and improve your sensitivity to market changes.

4. Strengthen risk control. Cryptocurrency investment is high risk and high reward; every trade needs proper risk assessment. Enter positions lightly, increase positions in line with the trend, and avoid blindly over-investing. Set stop-loss and take-profit levels for every trade to avoid greed or hesitation, thus maintaining investment flexibility and risk control.

5. Grasp the timing of entry. Many investors are easily attracted by market fluctuations and rush to enter the market, but if the entry point is not right, it can lead to losses. It is more important to wait appropriately and choose the right opportunity to enter. Be patient and wait for good market conditions; do not rush in due to temporary impatience.

6. Be decisive when exiting to avoid hesitation. Hesitation when exiting can lead to significant losses. When profits reach expected targets, exiting in a timely manner is more reasonable than blindly pursuing higher returns. Avoid letting greed turn profits into losses. Also, timely stop losses during losses, abandon temporary luck, to avoid further losses and leave yourself with more capital for future operations.

7. Maintain a stable mindset and eliminate restlessness. Investment is a long-term process, and fluctuations in gains and losses are normal phenomena. Regardless of success or failure, maintaining a good mindset helps to better face future fluctuations. The market is unpredictable; no one can maintain accurate judgment at all times. When facing failure, summarize lessons learned, adjust your state, and continuously optimize strategies to ultimately achieve stable profits.

8. Pay attention to news and combine technical analysis. News has a significant impact on market trends; often, a major news event can overturn existing technical patterns. Therefore, when trading, it is necessary to combine news with technical analysis to make more comprehensive judgments.

9. Maintain sufficient funds and use them wisely. If the investment capital comes from borrowing, the mindset becomes anxious, and operations are limited. Cryptocurrency investment should be based on surplus funds, which stabilizes the mindset and allows for more flexible position increases and locking operations.


If you want to trade cryptocurrencies for a lifetime but don't understand the techniques and can't find suitable trading methods, you might as well try this 'foolproof' operation from my friend. It's simple and practical; even if you are a new retail investor, you can easily operate with over 80% accuracy. You can use this method for buying and selling in the cryptocurrency market! I suggest saving it. Is it difficult to make money in cryptocurrency trading?

If you haven't found a method, it can indeed be very difficult. But if your method is right, you will find that making money is so easy. The method I share with you today is actually very simple, even if you are a newcomer in the cryptocurrency market, as long as you strictly follow this method, you can easily make money. (Candlestick practical strategy) is the simplest and most practical short-term profit method. Today I will share the 5-day moving average strategy, which is one of the essential skills for short-term trading and swing trading, and it is also the simplest and most practical short-term strategy, equally useful in contracts.

First, let’s talk about what the 5-day moving average is. The 5-day moving average is the average transaction price of a coin over five days, abbreviated as MA(5). Sounds simple, right? The 5-day moving average is also known as the 5-day average line. What is the average line? The average line is short for moving average, which reflects the average cost of holding a coin over a period of time, while also reflecting the strength of the coin price and its running trend. The moving average indicator is one of the simplest and most practical technical analysis indicators. Because of this simplicity, investors find it relatively easy to master. Simple is often the most practical, bringing unexpected benefits to investors. Most trading platforms set the 5-day moving average similarly; below, I will explain how to set it on Huobi.

The default moving averages on the Huobi PC terminal are the 5-day, 10-day, 30-day, and 60-day moving averages. If you find it too cluttered, you can click the 'x' in the second yellow box drawn in the image above to delete the 10-day, 30-day, and 60-day moving averages, showing only the 5-day moving average. This way, the chart looks simpler.

How to use the 5-day moving average strategy?

The 5-day moving average actually represents the average holding price of players in the cryptocurrency market within five days. It is psychologically a range of what one can bear, serving as a short-term emotional window. Therefore, when the cryptocurrency price hits the moving average, a rebound or accelerated decline often occurs, indicating support or resistance levels. Overall, it can be understood that during an upward trend (bull market), when the cryptocurrency price pulls back to the 5-day moving average, it is an opportunity to increase positions; a chance to go long.

In a downtrend (bear market), when the cryptocurrency price rebounds to the 5-day moving average, it is an opportunity to reduce positions. It is a chance to open short positions. The principle of simplicity is very practical for investors with little technical background. Generally, the rise or fall of the cryptocurrency price follows the trajectory of the 5-day moving average. The trajectory of the 5-day moving average can be divided into three trends: rising, falling, and flat. Use the 5-day moving average strategy to determine buying points: 1. When the 5-day moving average gradually flattens from a decline and slightly tilts upwards, accompanied by the cryptocurrency price breaking upwards from below the 5-day moving average, the candlestick forms a bullish candle breaking through the 5-day moving average and clearly standing above it; this is considered a buying point, and contracts can be bought to go long.

2. When the cryptocurrency price operates above the 5-day moving average, and during a pullback it drops below the 5-day moving average but then rises again, with a bullish candle clearly standing above the 5-day moving average, this is considered a buying point. Contracts can be bought to go long.3. When the cryptocurrency price operates above the 5-day moving average, and during a pullback it drops below the 5-day moving average, but the short-term 5-day moving average continues to show an upward trend, this is considered a buying point. Contracts can be bought to go long.

Use the 5-day moving average strategy to determine selling points.

1. When the cryptocurrency price operates above the 5-day moving average, after several days of significant increase, the distance from the 5-day moving average becomes greater. Similarly, when the extremes are reached, there will soon be selling pressure from profit-taking. This is considered a selling point. At this time, contracts can be sold short.

2. When the 5-day moving average gradually flattens after rising, and the cryptocurrency price drops from above the 5-day moving average, while hovering around the 5-day moving average, it indicates increasing selling pressure. This is considered a selling point. Contracts can be sold short at this time.

The 5-day moving average strategy is the most suitable short-term skill for beginners to learn and master. Even with no foundation, one can quickly get started because... it only requires a simple moving average quantitative indicator to overcome our psychological panic and greed. In the trading process, technique is not the biggest enemy; the greatest enemy is often one's inner greed and panic. Candlestick analysis is one of the important indicators for judging Bitcoin's price movements and is a crucial signal for buying and selling.

Rule one: Don't sell at highs, don't buy at lows; don't trade during consolidation.

Rule two: Buy on dips, not on rallies; sell on rallies, not on dips; acting against the market is for heroes.

Rule three: Consolidation at highs and lows, wait a little longer.

Rule four: In high positions, consolidate before pushing higher; seize the opportunity to sell quickly; in low positions, consolidate at new lows, it’s a good time to buy in full.

Rule five: Recognize mistakes before taking action; it's better to buy less than to buy more. Investment must be cautious!

The wealth secrets have already been shared, whether you can become famous in the circle depends on yourself. These methods should be saved; if you find them useful, please share them with more cryptocurrency traders around you. Follow me for more cryptocurrency insights. Having been through the rain, I am willing to hold an umbrella for the retail investors! Follow me, and let’s walk together on the cryptocurrency road! The current market is in a bottom-building phase; if you have no direction, remember to follow my steps, standing on the shoulders of giants can save you ten years of detours!

I am Yan An. Follow me and keep watching me; I believe you will avoid many detours! I only share the most practical cryptocurrency insights. Thank you for your likes, and I wish you long-term success in the cryptocurrency market!