Many people speculate in cryptocurrencies, the more they learn, the more complicated it gets, and the less they earn! As for me, I went from 30,000 to 10 million, not relying on insider information or talent, but by simplifying complex matters and perfecting simple ones!
Phase One: 30,000 → 1.2 million, took 2 years!
Phase Two: 1.2 million → 6 million, only took 1 year!
Final Phase: 6 million → 10 million, only took 5 months!
The more I go on, the more I discover a rule: the speed of making money is inversely proportional to the number of times you take action.
I only focus on one pattern, the N shape! A vertical surge, a diagonal pullback, then a vertical breakout.
Once the N shape is established, I enter the market; once the N shape is broken, I cut my position! No averaging down, no holding onto positions, no leverage.
Stop loss at 2%, take profit at 10%, a win rate of 35% can ensure profitability. Many people think this is too "dumb," preferring to focus on indicators, draw trend lines, and watch news, but the smarter they get, the faster they lose.
I, on the other hand, keep it simple and straightforward: just keep the 20-day moving average, with a light color to prevent confusion.
Every morning at 9:50, I open the exchange, scan the 4-hour chart! No N shape? Turn off the computer; there is an N shape? Place stop-loss and take-profit orders.
The whole day can be done in 5 minutes, leaving the rest of the time for coffee and walking the dog.
I divide the money I earn into three steps:
When I reach 1.2 million, I first withdraw the principal; at 6 million, I withdraw half to buy funds and save in fixed deposits; the rest continues to grow. Even if the market crashes, the foundation is stable!
I have only three rules:
1. Do not chase after price increases, wait for the pattern to complete before acting.
2. Do not hold onto positions, leave immediately if the level is broken.
3. Do not linger in battles, withdraw when you've made enough.
There is no holy grail in the crypto circle, only a sieve! Sift long enough, and the gold will naturally remain.
Stop thinking about hundred-fold coins all day; if you can consistently take 10% for 20 times, you will be amazed at 10 million; it’s just a matter of time.
I have walked through the night; now the torch is handed to you. This time, it’s your turn to shine!
