How much have you actually made in crypto?
Honestly, I never expected it myself. A few years ago, I was just messing around with a few tens of thousands of U. Now I’ve grown that to 1.25 million U—a return of dozens of times my original amount.
Only later did I realize that making money trading really comes down to three steps. Master them, and multiplying your account tenfold isn’t that hard.
Step one: Pick a direction.
Start with the 4-hour chart and figure out whether the market is trending up, trending down, or moving sideways.
If it’s going up, look for opportunities to go long. If it’s going down, look for opportunities to go short. If it’s moving sideways, stay out.
Get the overall direction wrong, and every trade you place is just throwing money away.
Step two: Find the right entry point.
Focus on support and resistance.
When the market is rising, wait for a pullback near support. When it’s falling, wait for a bounce near resistance.
Don’t chase just because the price is rising, or short just because it’s falling. Your entry price matters even more than calling the direction.
Step three: Wait for a signal.
Once you’ve determined the direction on the higher time frame, switch to the 1-hour or 15-minute chart to find a specific opportunity.
Wait for a breakout to hold, or for a retest that doesn’t break through, before making your move.
Before placing an order, think it through: Where will you enter? How much will you trade? Where’s your stop-loss? What’s your target? If you’re not sure, wait.
After trading for a while, you’ll realize there’s no magic to making money.
Read the direction, find the right entry, wait for a signal. The rest is discipline.
If you’re wrong, get out fast. If you’re right, don’t rush to exit. Don’t bail as soon as you make a profit or stubbornly hold on when you’re losing.
Practicing these three steps over and over is much more useful than learning every trading strategy under the sun.
If you’re still chasing highs and selling at a loss, come chat with Lao Chuan. Let’s take on the next market move together!
Honestly, I never expected it myself. A few years ago, I was just messing around with a few tens of thousands of U. Now I’ve grown that to 1.25 million U—a return of dozens of times my original amount.
Only later did I realize that making money trading really comes down to three steps. Master them, and multiplying your account tenfold isn’t that hard.
Step one: Pick a direction.
Start with the 4-hour chart and figure out whether the market is trending up, trending down, or moving sideways.
If it’s going up, look for opportunities to go long. If it’s going down, look for opportunities to go short. If it’s moving sideways, stay out.
Get the overall direction wrong, and every trade you place is just throwing money away.
Step two: Find the right entry point.
Focus on support and resistance.
When the market is rising, wait for a pullback near support. When it’s falling, wait for a bounce near resistance.
Don’t chase just because the price is rising, or short just because it’s falling. Your entry price matters even more than calling the direction.
Step three: Wait for a signal.
Once you’ve determined the direction on the higher time frame, switch to the 1-hour or 15-minute chart to find a specific opportunity.
Wait for a breakout to hold, or for a retest that doesn’t break through, before making your move.
Before placing an order, think it through: Where will you enter? How much will you trade? Where’s your stop-loss? What’s your target? If you’re not sure, wait.
After trading for a while, you’ll realize there’s no magic to making money.
Read the direction, find the right entry, wait for a signal. The rest is discipline.
If you’re wrong, get out fast. If you’re right, don’t rush to exit. Don’t bail as soon as you make a profit or stubbornly hold on when you’re losing.
Practicing these three steps over and over is much more useful than learning every trading strategy under the sun.
If you’re still chasing highs and selling at a loss, come chat with Lao Chuan. Let’s take on the next market move together!
