The dumbest way to trade cryptocurrencies, but it can almost guarantee continuous profits.
I've been trading cryptocurrencies with this "simple" method for 8 years, and it's really stable!
Not long ago, I was also a retail investor chasing highs and selling lows, losing money to the point of questioning life 😭 Later, after reflecting on my mistakes, I summarized a foolproof trading strategy that works wonders!
🌟 The core is just 6 words: Choose the right leading project, hold on, sell well.
Choosing coins is super simple:
✅ Leading projects or hot sectors with broad consensus in the past year (with potential for breakout)
✅ Trading volume > 1.5 (indicating capital movement)
✅ Do not chase coins after good news has caused a surge (to avoid being left holding the bag)
✅ Only consider after it stands above the 7-day moving average.
Remember 3 points for timing trades:
⏰ Do not trade on the first weekly surge (let the bullets fly for a while)
📍 Establish positions after the third time it doesn't break the previous high after a correction (the first drop is often still on the way down)
💰 Withdraw after earning 1-3 times or if it surges above the third weekly line, and stop-loss at a 20% loss (ironclad rule!)
The key is:
🚫 Only trade 1-2 times every 3 months! Don't be greedy!
🚫 Divide your capital into 5 parts, and only use 1 part each time.
🚫 If the market is bad, take a break, don't go against the trend.
I know this method looks very "simple", but:
Earning small profits 3 times = 100%, even if it's 10k, after 3 times it's over 80k, after 10 times it can reach 10 million!
The key is to maintain a stable mindset and sleep well at night 😴
Remember one thing: slow is fast, less is more! The market is always there, opportunities are always available, but capital is only one part.
Better to miss out than to make a mistake. Although this method won't make you big bucks, at least it won't let you go bankrupt.
It's suitable for busy individuals who don't have time to monitor the market, just 10 minutes a day is enough!
If this helps you, please like and follow me, and I will continue to share my cryptocurrency trading insights~ #以太坊十周年