Every day, someone asks me in the background: 'Bro, how did you make this 20 million? Did you hit the jackpot with some skyrocketing stock?' Every time I want to laugh — if it were based on luck, I wouldn't have lasted 8 years; in 8 months, I would have lost all my capital. Today, let me be blunt: the only people who survive and make money in the crypto market are those who, after being battered by the market, turned their 'lessons' into 'armor'.
When I first entered the market, I was also one of those 'chasing the uptrend daredevils'. Whenever I saw a stock on the board that was soaring, my fingers were quicker than my brain, and I would rush in to be the one buying at the peak. Looking back at my trading records from those days, I almost want to slap myself: there was one time I chased a stock that surged 40% in a single day, and on the day I entered, I faced a 20% pullback, panicked, and cut my losses. As a result, the stock slowly climbed back up again — that move wiped out three months' worth of my salary. I later understood that the liveliest places in the market are always the harvesting grounds, not gold mines.
My 'simple method' for choosing coins: avoid 'unpopular ones' and only focus on the 'hottest list.'
Don't listen to the hype about 'digging for potential new assets.' In the cryptocurrency market, 'no heat = no liquidity.' You might think you got a bargain, but in reality, you bought a 'sleeping stone.' By the time it wakes up, you may have already been unable to hold on and left the market. I only look at one place when choosing assets: the top 50 in terms of price increase. This doesn’t mean you should rush in directly, but rather filter from these assets that have market attention—if something can make it onto the list, it at least shows that funds are at work, and there are opportunities for continued volatility, which is much better than holding onto a 'zombie asset' and hoping for a rise.
I only look at two technical indicators: the complicated ones are all 'intelligence tax.'
I’ve seen too many people staring at the 15-minute candlestick chart for a long time, drawing support and calculating resistance levels, only to have everything fall apart once the market moves. I never engage in this 'fine work'; I only focus on two things: the monthly MACD and the 60-day moving average.
The monthly MACD golden cross indicates that the long-term trend is doing well. Entering the market at this time is equivalent to following the 'big direction' of the market, which increases the win rate by at least 60%. If there is no golden cross, even if the short-term rise is exuberant, I will firmly stay out of the market—there are plenty of opportunities in the market, but what’s lacking is capital.
The 60-day moving average is my 'signal for increasing positions.' When the asset price retraces near the 60-day line and the trading volume starts to increase, it indicates that funds are stepping in at this position. At this point, decisively increase your position—it’s definitely the right move. But remember, the signal must meet both standards; if one is missing, don’t act. It’s better to miss the opportunity than to make a mistake.
The core of survival: profit-taking and stop-loss are more important than eating.
Many people don’t fail to make money; they fail to 'lock in profits.' I have a strict rule after entering the market: if the upward trend stabilizes, hold the position. Once it breaks a key line (which I set at the 70-day line), I immediately liquidate and leave, without hesitation. There was a time when one of my positions rose by 40% from the cost price, but then it started to pull back. When it broke the 70-day line, I cut my losses immediately. Although I earned a bit less, a few days later it dropped by 30%—you see, 'waiting for a rebound' is a false proposition. Turning profits into losses often just takes a moment of hesitation.
Profit-taking must be rhythmic. I usually reduce half of my position when the price rises by 30%, and then reduce another half when it rises by 50%. The remaining portion is treated like a 'lottery ticket'—it's better if it goes up, and if it goes down, I won't feel bad. Don't always think about selling at the peak; there aren't that many 'miraculous operations' in the market. If you can capture most of the profit, you've already beaten 90% of people.
Lastly, let me say something heartfelt: the cryptocurrency market is not a casino; don’t rely on luck to bet on the future. Those seemingly simple disciplines—like 'not chasing prices, not being emotionally attached, and leaving when breaking lines'—are rarely executed by many. Yet it is precisely these simple things that determine how long you can survive in this market and how much you can earn.
I’m not good with fancy words; I can only share my experiences that I learned from losing real money. I will also expose those 'seemingly smart yet actually money-losing' traps and break down some practical tips for observing the market. If you find these insights useful, just give me a follow—after all, in the cryptocurrency market, encountering a blogger who has suffered losses and is willing to tell the truth is much rarer than finding a soaring asset.
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