I have seen too many people in the crypto circle lose so much that they delete the app and angrily exit. I have also seen someone become briefly wealthy through 'wild methods' only to return to zero overnight. However, after a deep conversation with an elder brother last week, I finally understood the secret to 'guaranteed profits'—he entered the market with a capital of 100,000, and now his account's market value steadily stands at 42,000,000, relying not on so-called 'insider information', but on a set of 'foolish methods that go against human nature.'
This elder brother said to me while drinking tea: '90% of the people in this circle are a 'mob'. When prices rise, they crazily rush to buy, and when prices fall, they frantically sell. As long as you can control that greed and panic, the market is an ATM that gives you money.' I deeply agree with this. After all, having been in the crypto circle for 8 years, I have seen too many 'smart people', but those who can walk away with a smile in the end are all the 'fools' who can 'stay patient.' Today, I will share this set of 'foolish methods' that have been tested in practice with you all—it's all practical knowledge, so remember to take good notes.
First trick: don't be a 'mosquito leg collector', and don't be a 'gambler-style guard'
The six words 'not making small profits, not losing big money' sound like nonsense, but doing it is harder than ascending to the heavens. I have seen too many friends opening positions with small tickets, panicking to take profits after a 3% rise, only to turn around and see the coin rise 200%, slapping their thighs and shouting 'missed out'; there are also a group of people who taste a bit of sweetness and become cocky, thinking 'if I want to earn, I have to earn big', stubbornly holding on, resulting in a market reversal where not only did they lose all profits, but also a large part of the principal.
I also fell into this pit in my early years. At that time, a certain mainstream coin rose by 10%, and fearing a pullback, I quickly sold. As a result, it doubled later. I regretted watching the K-line every day. Later, I became greedy and held onto another coin, from a 50% profit to a 30% loss before stopping loss. Thinking about it now still hurts. Later, I realized that the essence of making small money is 'not being able to hold onto profits', and the root of losing big money is 'not recognizing risks'. Instead of being entangled in 'taking profit for fear of missing out, not taking profit for fear of reversal', it's better to first set a 'bottom line' for myself—such as never selling if a single profit does not meet the expected target, but once it breaks the preset risk line, cut losses immediately and exit without dragging it out.
Second trick: only play with the 'old hands', do not touch 'new faces'
Now new things pop up every day in the circle, like 'some blockchain' 'some concept coin', touted to the skies, with a crowd rushing to grab them. But my principle is the same as that of the old brother: only pick mainstream products that have dropped significantly and are starting to climb slowly; I won't touch new coins no matter how popular they are.
How to judge 'has it dropped enough'? It's not about how much it has dropped, but whether it has 'stopped dropping'—for example, oscillating within a certain range for several weeks, volume gradually increasing, and moving averages starting to flatten and rise, then you can take action. First invest 10% of the position to make a bottom position, don’t think about 'buying at the very bottom', that’s something only a deity can do. I’ve seen people rushing in to buy at a 50% drop, only to see it drop another 30%, getting stuck. Wait until it stabilizes before entering, even if the cost is a bit higher, it’s still better than getting cut by new coins and stuck halfway up the mountain.
Third trick: wait until the 'wind direction' is clear to add positions, don't be a 'halfway buyer'
Many people always think about 'buying the dip at low prices', believing that this can earn more, but once the trend in the crypto circle is formed, it is not so easy to reverse. My approach is: confirm that the coin's trend is really upward—such as breaking through previous resistance levels, and quickly rebounding after a pullback, then I will add positions. Generally, I add 20%-30% of the position, keeping the total position under 50%.
Last year, a friend of mine didn't listen to advice. When a certain mainstream coin had just dropped by 20%, he shouted 'bought the dip' and went all in, but it dropped another 15%. He came to ask me every day 'should I cut losses?'. I told him that before the trend stabilizes, any buying the dip is just gambling. Later, when that coin stabilized, I added positions during the pullback. Although my cost was higher than his, I made a 40% profit in less than three months, while he was still on the road to break even. Remember, add positions after the trend stabilizes, even if the price is slightly higher, it's better than getting stuck halfway up the mountain drinking the northwest wind.
Fourth trick: once you make a profit, 'defuse the bomb', don't let the profits fly away
This is the most critical trick: cash out in time. Every time I see the numbers in my account rise, I will first take out the principal and half of the profit, leaving the remaining profit to 'float' in the market. For example, if I invest 100,000 and it rises to 200,000, I will take out 100,000 of the principal and 50,000 of the profit, leaving the remaining 50,000 regardless of whether it rises or falls, which will not affect the safety of my principal.
That old brother was even tougher. When he helped a brother who lost over 600,000 to break even, he used this trick: every time it rises, he pulls out the principal and part of the profit. In less than half a year, not only did he break even, but he also earned enough for a BMW X3. Money is only truly earned when it enters your bank account; otherwise, it’s just a string of numbers on the exchange, gone with a market fluctuation. Don’t be greedy; sell according to your set goals. For example, when it rises to 1.5 times, pull out some profits, and when it rises to 2 times, pull out again. This way, even if it drops later, you have already made a substantial profit.
Honestly, the crypto circle is not short of 'smart people who calculate to eight decimal places', nor is it short of 'diligent people who stare at the market for 18 hours a day', but what is lacking are 'foolish people' who can control their hands and be patient. When everyone is chasing highs and lows, cursing for a few points of fluctuation, you follow the trend step by step, and instead can steadily put money in your pocket when others are crying.
Stop believing in those 'smart ways to get rich overnight'. Those methods are either painted by a sickle or luck hitting a wall; few can be replicated. We play crypto not for 'excitement' but for 'sure profit'. By following this foolish method, next time when you show off your earnings, the comments section might be full of people asking to follow—of course, I won’t take you along, as everyone has to hold their own rhythm.
Follow me, next time let's talk about how to accurately judge 'whether the trend is stable', teaching you to see 'what the main force is doing' from the K-line. Let’s be 'foolish winners' in the crypto circle, not the 'little leeks' being cut. After all, making money is okay to be slow; being steady is what really counts, don’t you think?
