Recently, the cryptocurrency market has been fluctuating like a roller coaster, and many friends privately messaged Sister Yan: 'After so many years of struggling in the crypto world, is there a simple trading method that doesn't require daily monitoring of the market and guessing price changes?' Today, Sister Yan will share her 'silly' method, which, although it doesn’t seem very 'smart', allows me to steadily earn profits amidst the ups and downs of the cryptocurrency market.

First, we need to understand that in the cryptocurrency world, it's not about who earns quickly in the short term, but about who can survive longer in the market. I have long since tired of staring at the charts, with my mood fluctuating with the candlestick patterns. Now I use this method, my mindset is much calmer, and my returns are pretty good.

1. 'Three don'ts', protecting the principal is key

1. Do not follow the crowd to buy during a rise

I wonder if anyone else has had this experience: seeing others share profit screenshots in groups makes you feel itchy, thinking about quickly getting in on the action. What’s the result? Often buying at the highest point, becoming the 'bag holder'.

There is a saying in the cryptocurrency world: 'When others are greedy, I am fearful', which applies at all times. True opportunities often arise during downturns.

Just like Buffett said, build positions gradually during downturns; developing such a habit will prevent you from being led by market emotions.

I have previously suffered losses from following the crowd, and after learning my lesson, when I encounter a rising market, I generally calm down and observe, waiting for the right moment to act.

2. Do not pressure orders for speed

Many people are particularly anxious when trading, always thinking about 'immediate transactions', so they frequently adjust prices, resulting in being stuck by the market. In fact, we should give the market a bit more patience. Set buy and sell prices in advance, then place orders and wait for execution. Although this approach may seem slow, it is actually more stable.

The essence of swing trading lies in 'waiting patiently for the hare', as long as you set reasonable price levels, the rest is left to time. I have a friend who always pressures orders for speed, resulting in missing many good trading opportunities and losing quite a bit of money. Later, he listened to my advice, started trying order trading, and now his trading mindset and returns have improved significantly.

3. Do not go all in on a direction

In the cryptocurrency world, many people like to invest all their funds into one cryptocurrency, thinking about making a big bet. But this approach is too risky; if you make a wrong judgment, you could lose everything. My principle is to diversify investments and not put all your eggs in one basket. For example, I divide my funds into several parts and invest them in different types of cryptocurrencies to reduce risk.

Moreover, even if a certain cryptocurrency performs poorly, other cryptocurrencies may still bring profits. When I first started trading cryptocurrencies, I also made this mistake of investing all my money into one popular cryptocurrency, and as a result, the market reversed, causing significant losses. Since then, I understood the importance of diversification.

4. Do not operate frequently

Some friends feel anxious if they don't trade for a day, constantly buying and selling. However, frequent operations not only increase trading costs but also make your mindset become restless. In fact, the cryptocurrency market is volatile, with rises and falls being normal.

What we need to do is patiently wait and find the right opportunity to act. I usually set a trading plan for myself, such as how many times to trade each week and how much to trade each time. This can avoid frequent operations and make your trading more orderly.

2. Sharing my practical experience

Sister Yan has been using this 'silly' method for a while and has accumulated some practical experience. For instance, when selecting cryptocurrencies, I pay attention to projects with good fundamentals, such as those with practical application scenarios and strong teams. Sister Yan will not chase high-heat but low-value tokens.

Moreover, I will closely monitor market news, such as policy changes and industry dynamics. These news events can impact cryptocurrency prices, and we need to stay informed and make corresponding adjustments.

Additionally, mindset is also very important. In the cryptocurrency world, it is inevitable to encounter times when the market is not doing well, and during such times, you must not panic.

You must learn to control your emotions and operate according to your trading plan. I once made a poor decision during a big market downturn because my mindset was not good, resulting in a significant loss of money. Since then, I have been particularly attentive to adjusting my mindset, and now, regardless of how the market changes, I can remain calm.

3. Summary

In cryptocurrency trading, there is no method that is foolproof, but we can choose a method that suits us and is relatively stable. My 'silly' method, although it doesn’t seem very high-end, has allowed me to survive in the cryptocurrency world and achieve some returns. I hope everyone can find some inspiration from my sharing and find a trading method that suits them, realizing their wealth dreams in the crypto world.

Finally, I want to say that trading cryptocurrencies involves risks, and investment should be cautious. Everyone must prepare adequately before investing, understand the relevant knowledge and risks. If you have any questions about cryptocurrency trading, feel free to leave a message in the comments section, and we can discuss it together.

I hope everyone can find their own place in the cryptocurrency world and steadily earn money! 💪💰

That's the end of Sister Yan's sharing. If you find it useful, remember to like and bookmark it! ❗️👍📚 Trading cryptocurrencies.#币圈经验 #投资方法 #稳健收益 #炒币技巧