After 8 years of working in the crypto market, the account has gone from zero to 20 million, not by luck, but by real money.
Many people sent me private messages asking me how to choose coins and how to judge buying and selling points. To be honest, my method is not complicated at all, but it is these seemingly ordinary things that are what really allow you to survive and make money.
I have seen too many people who can't hold back when they see market fluctuations, and the operation is as fierce as a tiger, and finally the position ends in liquidation. I made this kind of low-level mistake in the early days, and now that I think about it, it's really stupid. Today, I will share a few core experiences, whether you can use them depends on yourself:
Where does coin selection start? Gainers. **
Only coins that have risen indicate that there are funds to pay attention to, and only with activity can there be follow-up opportunities. A lifeless coin, what do you want to buy it?
Don't stare at the glitches of the K-line all day long, I pay more attention to the monthly MACD. If the golden fork appears, enter the market, and wait for the empty position without the golden cross. K-lines can only tell you short-term noise, and the real opportunity is hidden in long-term trends. Those low-probability games of overfalling and rebounding lose once you hit it.
**The 60-day moving average is my lifeline. **
The price of the coin has stepped back to near the 70-day moving average, and the trading volume has begun to expand, which is the signal to increase the position. The market will give opportunities, but you have to wait for the signals to appear, not by feeling.
After entering the field, he never loves to fight. If the price stands firm, hold it, and leave immediately after falling below the key position. Many people are reluctant to really, always fantasizing about rebounding, and as a result, they go from profit to loss.
**Take Profit Must Be Rhythmic:** Increase by 30% to halve the position, rise 50% and then halv. Don't think about eating up all the gains, the market will change its face at any time, and there will be the next wave if you miss this wave.
**The most ruthless iron rule: fall below the 70-day moving average and leave the market unconditionally. **
This is a rule that I strictly enforce on every trade. No matter how long you hold the position, no matter how much you have earned before, if it falls below it, you will leave, do not gamble with the market, and do not gamble with yourself. This rule has kept me alive until now.
There are no victorious generals in the market, but there are smart people who live for a long time. That's all there is to it, and the rest depends on the execution.
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SchrodingerWallet
· 12-13 02:46
This theory sounds smooth, but how about in practice? Out of ten people reading this article, nine will still chase the rise and sell in panic.
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RetroHodler91
· 12-12 13:17
Basically, it's about discipline. That's how I play too.
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BearMarketBro
· 12-10 05:41
That's right, execution is king, and most people die at the stop loss step.
It sounds simple, but few can really survive a few rounds of bear market.
The 70-day moving average is indeed useful, and I am using it myself, which is much more reliable than blindness.
This is why the currency circle is always a few people who make money, and most of them die of greed.
The longer you live> the more you earn, this is heart-wrenching.
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SignatureLiquidator
· 12-10 05:31
To put it bluntly, the execution level is the saddest
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BearEatsAll
· 12-10 05:22
That's right, it's a matter of discipline. Most people fail because of greed.
View OriginalReply0
GateUser-b7422887
· 12-10 05:15
It makes sense, but it is more difficult to do than to ascend to the sky
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InfraVibes
· 12-10 05:15
To put it bluntly, the key is to hold the 70-day moving average, I was reluctant to stop the loss before, and I made a profit of 20% to a loss of -30%, and now I have deeply understood
After 8 years of working in the crypto market, the account has gone from zero to 20 million, not by luck, but by real money.
Many people sent me private messages asking me how to choose coins and how to judge buying and selling points. To be honest, my method is not complicated at all, but it is these seemingly ordinary things that are what really allow you to survive and make money.
I have seen too many people who can't hold back when they see market fluctuations, and the operation is as fierce as a tiger, and finally the position ends in liquidation. I made this kind of low-level mistake in the early days, and now that I think about it, it's really stupid. Today, I will share a few core experiences, whether you can use them depends on yourself:
Where does coin selection start? Gainers. **
Only coins that have risen indicate that there are funds to pay attention to, and only with activity can there be follow-up opportunities. A lifeless coin, what do you want to buy it?
Don't stare at the glitches of the K-line all day long, I pay more attention to the monthly MACD. If the golden fork appears, enter the market, and wait for the empty position without the golden cross. K-lines can only tell you short-term noise, and the real opportunity is hidden in long-term trends. Those low-probability games of overfalling and rebounding lose once you hit it.
**The 60-day moving average is my lifeline. **
The price of the coin has stepped back to near the 70-day moving average, and the trading volume has begun to expand, which is the signal to increase the position. The market will give opportunities, but you have to wait for the signals to appear, not by feeling.
After entering the field, he never loves to fight. If the price stands firm, hold it, and leave immediately after falling below the key position. Many people are reluctant to really, always fantasizing about rebounding, and as a result, they go from profit to loss.
**Take Profit Must Be Rhythmic:**
Increase by 30% to halve the position, rise 50% and then halv. Don't think about eating up all the gains, the market will change its face at any time, and there will be the next wave if you miss this wave.
**The most ruthless iron rule: fall below the 70-day moving average and leave the market unconditionally. **
This is a rule that I strictly enforce on every trade. No matter how long you hold the position, no matter how much you have earned before, if it falls below it, you will leave, do not gamble with the market, and do not gamble with yourself. This rule has kept me alive until now.
There are no victorious generals in the market, but there are smart people who live for a long time. That's all there is to it, and the rest depends on the execution.