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Many people ask me, what are the tricks for entering the market and choosing coins? How can I grasp the market trends?
To be honest, the method I'm using right now is particularly simple—but it is precisely these seemingly clumsy means that have really allowed me to earn real money. This 6 million, every penny is the experience summarized from countless pitfalls and losses.
Share the practical logic that has been explored over the years, the key is to really execute it:
The **first step in selecting coins** is to look at the price increase leaderboard. Only those coins that have shown price increases indicate an active market, with trading volume and popularity present; otherwise, just skip them—there's no need to waste time on lifeless varieties.
**When placing orders**, do not let the fluctuations of the daily and 4-hour charts disturb your peace of mind. Turn to the monthly chart, especially the MACD indicator on the monthly chart, and wait for the golden cross signal to enter the market. If there is no signal, stay out of the market, and definitely do not gamble on any oversold rebounds.
The **node for increasing positions** is very important—when the price retraces to the 70-day moving average and the trading volume significantly increases, that is the opportunity to add to your position. If the signal hasn't appeared, just wait a bit longer, no need to rush.
**Stop Loss Execution**: The ironclad rule is to exit immediately if it falls below the 70-day moving average. Don't hold on thinking there will be a rebound; this is the quickest way to lose money.
**Take profit in stages**: Sell half of your position when it rises to 30%, sell the remaining half when it rises to 50%, and keep some base position to bet on further potential. This way, you can lock in profits without missing out on the market due to greed.
**The Last Golden Rule**: Once the 70-day line is broken, you must retreat immediately. This is not a suggestion; it is a discipline that must be executed.
The logic of the crypto market is actually very simple - the simpler methods are often the easiest to stick to; compared to those complex theories, execution ability is the most scarce.
Ultimately, the essence of making money is to adhere to discipline and manage emotions well. The crypto space has never disappointed those who follow the rules, but it is ruthless towards anyone who thinks they can turn things around with a gambler's mentality.
Hmm, 6 million crawled out from the trap... I always feel like I've heard this in the crypto world quite a few times.
Speaking of taking profit in stages, should it be benchmarked against Bitcoin or altcoins? It feels like different coins have such different temperaments.
To be honest, I've been hit on this point of execution; I can theorize it all, but when emotions come, I forget everything.
"Run when the 70-day line breaks" sounds easy, but the psychological barrier during actual operation is really tough.