There are always people asking me about the secrets of selecting and trading cryptocurrencies. In fact, I currently rely on a few simple methods to make a profit, which are backed by the painful lessons of losing 6 million.

Recently, I saw an individual investor rush into LIT, which had a 24-hour increase of 2539%, without waiting for the monthly MACD golden cross, resulting in being trapped at a high position. This is a typical example of not understanding the rules.

Here are a few practical tips that, if executed properly, can help avoid pitfalls: when selecting coins, focus only on the TOP 20 of the 24H and 7-day increase charts. Coins like ASR, which have a 7-day increase of 30.06% and a turnover rate of 1126.31%, have active order books, while stagnant coins should be abandoned;

Do not focus on minute charts, prioritize the monthly MACD, and only enter when a golden cross occurs above the zero line. Currently, BTC is fluctuating around $88,743. If the monthly chart does not show a signal, maintain a cash position and do not bet on a rebound after a sharp decline.

Wait for clear signals before increasing positions. Enter when the coin price retraces to the 70-day moving average (MA70) and the trading volume increases. Recently, SOL had a 24H trading volume of 2.233 billion USD, and we need to wait for this kind of volume-price coordination signal;

Once in the market, do not fall in love with your positions. If it breaks below MA70, stop loss immediately, and do not hesitate during a pullback. Take profit in gradients: reduce position by half after a 30% gain, and again by half after a 50% gain; do not be greedy for full returns.

In the cryptocurrency world, the simpler the strategy, the easier it is to implement. Do not always think about a big reversal. I have deeply realized that the core of truly making money is not the techniques but rather maintaining discipline and controlling emotions.

The cryptocurrency market never treats those who respect the rules poorly, just like those gamblers who chase after BIT (which has dropped 81.17% in 7 days) will ultimately be severely punished by the market.

I, Maomao, do not boast or make empty promises, only sharing practical risk control experiences that can help survive in the cryptocurrency world. Our team has a few spots available; whether to walk this steady path together is up to your choice. @比特阿猫