Many people want to rely on cryptocurrency trading to support their families, but they often fall into the trap of "premature entry and greed".
I was once one of them. In the early days, I saw the market moving but entered prematurely without waiting for clear signals, resulting in repeated losses that hurt. After paying enough tuition, I finally forged these 10 iron rules to slowly transform cryptocurrency trading from "gambling" into a stable source of income. If you also want to rely on the crypto world to support your family, please remember:
A strong coin falling for 9 consecutive days at a high position, follow decisively, never reach out early;
If a coin rises for 2 consecutive days, regardless of how strong the momentum is, first reduce your position by half—realized profits are yours, greed will only return profits;
If a single-day rise exceeds 7%, don’t rush to enter the next day, wait and observe; don’t chase high with a strong bull coin, wait for a confirmed pullback before entering.
Coins in consolidation are a "danger zone": if there’s no movement for 3 days, observe for another 3 days, if it’s still stagnant, decisively switch positions.
Stop-loss must be ruthless: if you don’t break even the next day after buying, exit without hesitation, don’t cling to a losing battle that will drain your account.
The rhythm of "three, five, one, seven" must be grasped: after 2 consecutive days of rise, the third day is suitable for low absorption layout, the fifth day is the profit realization point.
Volume and price are key: breakouts with high volume at low positions should be entered, if high volume doesn’t rise at high positions, immediately liquidate to prevent being cut down.
Only trade coins in an upward trend: use the 3-day moving average for short-term opportunities, the 30-day moving average for mid-term trends, the 80-day moving average to signal heavy positions for upward waves, and the 120-day moving average to judge the overall bullish direction. No matter how tempting, avoid coins deviating from the trend.
Small funds wanting to outperform the market rely not on luck, but on adherence to methods, maintaining a stable mindset, and daring to execute.
These 10 iron rules may seem simple, but they can help you avoid most traps in the crypto world.
If you also want to make money without losses, remember: do not be greedy, do not panic, do not follow the crowd. Follow Lin Jie, let profits be gradually realized, and supporting your family can be more stable.
