Don't think it's absurd; I never use particularly complex operations for trading cryptocurrencies.
I don't study KDJ, I don't draw support and resistance lines every day, and I only take a quick glance at MACD.
I rely on a very simple trading strategy to gradually establish a foothold in the crypto space.
The core method is shared with everyone; whether you believe it or not is not important, the key is whether it can be executed.
1️⃣ Look for strength and weakness during a sharp drop
When the market suddenly plunges, if the coins you hold only show a slight retracement, it indicates that funds may be supporting the market.
In this case, don't rush to sell; often, they hold up better.
2️⃣ Two moving averages determine actions
For short-term, look at the 5-day moving average; if it's above, continue to hold; if it falls below, reduce your position.
For medium-term, look at the 15-day moving average; once it breaks below the trend line, exit in time and don't go against the market.
3️⃣ Logic of the main upward wave
Before there is an increase in volume, you can gradually build your position.
If there is a surge in volume and prices rise, continue to hold.
If there is a surge in volume followed by a drop below key levels, decisively cut losses.
4️⃣ Three-day principle
After buying, if there is no significant increase in 2-3 days, or if the retracement exceeds 4%, you need to reassess.
If the market is not right, exit; don't stubbornly hold on.
5️⃣ Look for opportunities in oversold conditions
If a coin falls for more than 6 consecutive days, with a decline close to 40%, it may enter an oversold zone.
At this time, observing opportunities is often much safer than chasing highs.
6️⃣ Leader mentality
Buy leaders when prices rise,
during declines, see who holds up best.
The real leader logic is not to buy the cheapest,
but to buy in strong positions and sell in even stronger positions.
Remember the last three points:
Don't blindly bottom fish; the right position is what matters.
Don't get complacent after making money; review your trades and distinguish between luck and skill.
If you lack confidence, staying in cash is also a strategy.
Among some of my students,
some have doubled their returns in two months,
and some have gradually stabilized their profits after continuous losses.
Trading is never about who is the smartest,
but about who has more discipline.