After trading cryptocurrencies for 8 years and making 20 million, it's not just luck; it's really about learning from too many losses to understand these principles.
Many people ask: How do you choose coins and how do you trade?
To be honest, my method is very simple, but it is precisely these simple things that are the key to truly making money.
Many people see large fluctuations in the market and can't help but want to 'go for it', then they make a series of reckless moves, resulting in liquidation and huge losses.
Do you know? I used to make these mistakes too, and looking back, it was really foolish.
Today, I want to share a few secrets with you. If you're willing to take action, then learn to do it well:
Every time I choose a coin, I start from the gainers list.
Why? Because only coins that have increased have an active market and will have subsequent opportunities. If a coin hasn’t moved at all, why buy it?
Also, don't just stare at the candlestick chart. I pay more attention to the monthly MACD. When a golden cross appears, I enter; if there's no golden cross, I stay out.
Candlestick charts can tell you about short-term fluctuations, but the real opportunities lie in long-term trends. Don't gamble on those oversold rebounds, which are low-probability events; basically, if you gamble, you'll lose.
Another thing is that the 60-day moving average is what I pay the most attention to every day.
If the coin price retraces to near the 70-day moving average and the trading volume starts to increase, then I dare to add to my position.
At this time, you need to have confidence; the market will give you opportunities. Hold steady when the signal appears, and wait if it doesn't.
Once I'm in the market, I never get attached. If I see the price rise, I hold; if it breaks below the line, I sell immediately.
Many people make the mistake of 'not wanting to leave', always wanting to wait and see if the market rebounds, resulting in losses instead of profits.
Taking profits also has a rhythm; don't think you can take all the gains at once.
Cut half at 30%, and cut another half at 50%. Remember, the market changes at any time; if you miss it, it's okay, there will be another chance.
The most important rule: if it breaks below the 70-day moving average, get out immediately.
This is the rule I follow for every trade, no matter how long you've held, if it breaks below the 70-day moving average, you exit. Don't fight the market, don't gamble with your life; this rule is truly the key to my survival.
In the crypto world, the simpler, the better; it's easier to execute.
Don't always think about 'making a comeback'; what truly earns money is continuously executing discipline and controlling your emotions.
I only do real trades, no empty promises. There are still spots available in the current trading team. If you want to learn the methods and make a comeback, let's get on board together! #加密市场观察