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Stop gambling on cryptocurrencies recklessly! These 5 steps are 100 times more effective than indicators
At the beginning of the year, I took on a student who was a complete novice when he first entered the circle. He couldn't even understand candlestick charts properly, looking at the red and green bars with confusion, and asked me: "These lines are jumping around, is this a scam?"
He only had $1,000 in capital, holding it tightly, afraid that one wrong move would wipe it out.
Who would have thought that after three months, he directly turned $1,000 into $10,000.
Many people came to ask me if I gave him insider information or magical indicators.
Not at all.
He relied entirely on a set of "ridiculously simple" five-step methods, which helped him establish a foothold in the crypto world, especially with ZEC and BEAT. This approach is particularly handy.
Step 1: Dead set on position sizing, never over-leverage
He split the $1,000 into 10 parts, only risking $100 at a time.
Some laughed at him for being too cautious, like playing house.
He ignored them.
He only believed in one thing: don't put all your eggs in one basket.
Stability is the beginning of compound interest.
Step 2: Only recognize one signal, no messing around
He never looked at all kinds of messy indicators, only focused on two conditions:
1-hour chart: 7-line crossing above 21-line
4-hour chart: MACD crossing above zero and turning red
Only when both conditions are met does he make a move.
Once, ZEC almost hit the target, and he stayed up until dawn waiting for the signal.
I told him to just go for it, but he shook his head:
Rules must be followed.
Step 3: Discipline to the point of "perfection"
He sets stop-loss and take-profit orders before opening a position.
He exits immediately if he loses 1%, and takes profit at 3%.
The first time he set a stop-loss, his hands trembled, afraid that the price would rise right after he sold.
But right after he sold, it dropped 2%.
Since then, he has never hesitated to follow his discipline.
Step 4: Compound interest snowball, slow is fast
When he wins, he reinvests half of the profit plus the principal.
After that, he only risks 2% of his total funds each time.
It looks slow, but after a month, his returns are much higher than those chasing quick gains and panic selling.
Step 5: Avoid the "cemetery" of retail traders
He previously lost money due to reckless trading around non-farm payrolls, so he made a blacklist:
• No trading before and after non-farm payroll reports
• No trading on Fridays from 8 PM to 10 PM
• Only trade between 1 AM and 3 AM
"During this time, there are fewer market manipulators, so it's more stable."
This method isn't fancy at all, even quite "stupid."
But with this rigid, persistent, rule-abiding approach,
he went from a complete novice who couldn't even read candlestick charts
to someone who can consistently make profits.
In the crypto world, losses are never due to lack of skill,
but because of impatience, impulsiveness, and inability to control oneself.
Don't envy others for getting rich quickly.
The distance from $1,000 to $10,000
is simply about being thoroughly stupid and following through.
Are you still blindly rushing, buying randomly, and overtrading?
Feel free to reach out to me anytime. I'll guide you on the steady path. ##加密市场普遍上涨 $BTC