Ten years, six million, it's not luck, it's lessons piled up. If I were to summarize how to survive and still make money, it's actually just one sentence: respond to the complex market with simple rules.
I don't look at news, I don't guess rises and falls, now I only use this silly method:
1. Only choose coins from the rising list $PIPPIN
Capital is smart. A coin that can rise to the top of the list at least shows that there is activity and attention at that moment. If a coin has been stagnant for a long time, I would never waste time lurking.
2. Use the monthly chart to determine direction
Daily fluctuations are too messy, I mainly look at whether the monthly MACD has a golden cross. A golden cross means that the trend is at least initially confirmed, and I will consider entering. Without a golden cross, I would rather stay out. Focus on the big trend, give up small fluctuations.
3. The 60-day line is the lifeline
If the price pulls back to the 60-day line (originally the 70-day line, optimized here for a more commonly used parameter) and shows significant volume support, this is my key point for adding positions. This means the trend may gain support and continue here.
4. Mechanical stop-loss and take-profit
If profits reach 30%, sell half to lock in profits.
If profits reach 50%, sell another half and let the remaining position run.
If the price falls below the 60-day line, clear the position unconditionally.
Don't let any trade turn from profit to loss. $BTC
Finally, and most difficult: execution
Many people know the rules, but very few can execute like machines. Greed will make you think "earn a little more", fear will make you "hold on a little longer". And profits come precisely from countering these human instincts. $ETH
The market is always changing, but human nature does not change. With unchanging discipline to respond to the ever-changing market, you can become one of the few who survive.
If you also want a piece of the pie in the crypto world, and want to join me in building a foundation in the crypto world, follow me @luck萧 .
