Cryptocurrency market consolidation = no money to be made?
Wrong. This is exactly the reason why I made 62,000 U from 2,300 U in 55 days.
While most people lose transaction fees during fluctuations, I used a set of "anti-human" lazy strategies.
No watching the market, no staying up late, no betting on altcoins, the core is three things:
First: manage positions to resist market fluctuations, never go all in. Now the cryptocurrency market is repeatedly pulling back and forth, going all in is basically paving the way for being trapped.
I split the 2,300 U into three parts: short-term positions operate at most 2 times a day, earning 2%-3% and then withdrawing, enough to cover transaction fees and a simple meal;
Trend positions wait for the weekly MA30 to stand above MA60, and prices break through recent highs to enter the market. When profits reach 28%, withdraw half the principal, and set an 8% trailing stop for the rest;
Reserve positions are specifically for covering losses, never adding new funds. During periods of fluctuation, this way of managing positions always leaves room for recovery, much more stable than going all in.
Second: only follow trends, do not fall into fluctuation traps. Newcomers lose their principal mostly due to random operations during fluctuations.
My iron rule is: only engage in clear trends of "the daily MA30 above the MA60 + volume breaking previous highs", and during other times, simply close the trading software.
This year, nearly 60% of the time has been fluctuating, many people stare at the market every day chasing volatility, losing a lot in transaction fees and getting trapped;
I took the opportunity to work out and spend time with family, thereby avoiding most of the traps of getting lured — remember, during periods of fluctuation, no money is made, only anxiety is induced.
Third: first manage oneself, then earn money from the market. Newcomers blowing up accounts, 90% is due to lack of discipline. I set three rules:
If a single loss reaches 2.5%, immediately stop loss, never hold onto positions to average down; if floating profits exceed 8%, pull the stop loss to the cost price, first protect the principal before talking about profits;
Unload the APP at 10:30 PM on time, if I stay up late once, I penalize myself by not trading the next day. When feeling the urge to trade, just delete the trading software; out of sight, out of mind, much more reliable than stubbornly holding on.
The cryptocurrency market has long passed the barbaric era of "gambling on size", during periods of fluctuation, winning relies more on rules. Don't believe in "doubling overnight"
Pay attention to Dayan, use systematic thinking to trade, and use "core" to harvest the market.
The team still has positions, taking you away from emotional trading.