Trading XRP from Loss to Stability: I Only Trust 'Signals' Not 'Passion'

My buddy who trades XRP was once so obsessed: he chased after buying whenever it went up two points, immediately cut losses when it dropped five points, kept his phone plugged in and glued to the screen, his face turned waxy from lack of sleep, and his hair fell out in clumps, his blood pressure was higher than the coin price.

After a year of this, his account was still the same, but his health collapsed first.

He kept asking me how to break the deadlock, and I just threw him nine words: buy when there's a buying point, sell when there's a selling point. This may sound like nonsense, but it's the dividing line between retail traders and winners.

Many people lose because they rely on 'feelings', while I only acknowledge clear signals—if the 4-hour chart shows an N-shape and breaks through the 20-day moving average with volume, otherwise, no matter how lively the market is, it has nothing to do with me.

The XRP on June 4th is a textbook case: previous high of 0.52, after a dip to 0.49, suddenly surged to 0.53 with volume in the early morning, forming a standard N-shape.

I decisively entered at 0.531, with a stop-loss set at 0.489 (controlling a single loss to 2.5%), and a take-profit at 0.585 (targeting a 10% return), and successfully took profit the next day, netting 2400 U.

But my buddy complained that waiting for signals was too slow, and when he saw 0.55, he rushed to chase it, only to panic and cut losses at 0.51, losing 8% and cursing that the main force was targeting him—ultimately, it was just a blind operation without signals.

Just like on December 5th, XRP was consolidating at 0.61 with low volume, and there wasn't even a hint of an N-shape on the 4-hour chart, the greed index had soared to 78, while I had already closed my position and went to the gym.

Meanwhile, he was in the group panicking over a spike in the market, sending a bunch of meme images, all for nothing.

Finally, here’s my template for buying and selling points:

1. Choose the pattern, N-shape, cup and handle, or triangle pattern will do;

2. Look at volume and price, the trading volume must be more than 1.2 times the average when breaking out;

3. Stick to the discipline, a single loss must not exceed 2%, and a maximum of 2 trades a day.

Write these points down and stick them on the wall; if you can’t do it, just turn off your phone.

The market won't run away, but if you operate chaotically, your wallet will definitely run away. The market is known for correcting all kinds of disobedience, but it fears 'robots executing signals'.

Put away your impulses and let signals make decisions for you; no matter how wild the fluctuations, they won't disrupt your rhythm.

I wish everyone could firmly hold the 'traffic lights' of trading, go when the light is green, stop when it's red, and after living long enough, your wallet will naturally become plump.

Once, I was stumbling in the dark alone, now the light is in my hands.

The light is always on; will you follow? @不贪的阿 K