Many people ask me: How to choose coins? How to trade?
To be honest, my current method is very simple, but it is precisely these "simple and inconspicuous" things that are the key to making real money.
Many newcomers can't help but want to "take a chance" when they see significant market fluctuations,
and then end up with a series of reckless operations resulting in liquidation and huge losses.
I used to do the same; looking back, it was really foolish.
So today, I've organized a few practical strategies; if you're willing to act, follow them:
First: Choose coins starting from the gainers list.
Coins that have risen are active in the market, with concentrated funds and more opportunities.
Those coins that have been stagnant? Just ignore them; betting on a rebound has a very low probability of success.
Second: Don't be obsessed with candlestick charts; look at long-term trends.
Short-term fluctuations, rebounds from oversold conditions, low-position buying... 99% will be shaken out.
I pay more attention to the monthly MACD; if there's a golden cross, I enter directly; if not, I wait patiently.
If the trend hasn't developed, I will never jump in recklessly.
Third: Moving averages and volume are signals to increase positions.
Every day, I pay attention to the 60/70-day moving averages. When the price pulls back to near the moving average and the trading volume starts to increase,
that's when I dare to steadily increase my position.
When the signal appears, hold steady; if it doesn't, continue to observe.
Fourth: Strict stop-loss and take-profit after entering the market.
After entering, I never get attached to the battle. If the price rises, I hold my position steadily; if it breaks below the line, I sell immediately.
Many people lose money because they can't bear to leave, always hoping the market will turn around, only to go from profit to loss.
Take-profit also has a rhythm: take half off at a 30% rise, take another half at a 50% rise; don’t expect to eat all the profits at once.
The market changes every day; it's okay to miss out; there will be another chance next time.
Fifth: The most critical rule — if it breaks below the 70-day moving average, withdraw decisively.
No matter how long you've held, no matter how tempting the market is, if it breaks the line, you leave. Don't gamble with the market; don’t gamble with your own life.
This rule is the key to my survival.
In summary: Making money in the cryptocurrency world is easier to execute the simpler it is.
Don't think about "turning the tables in one go"; what you really earn is discipline, patience, and emotional control.
Follow these principles, and you'll find that losses are no longer scary. Steady and sure, profits will gradually accumulate, and eventually, doubling or multiplying your money will not be a dream. #BTC☀
