Three years ago, I was still struggling with debt, barely able to maintain a basic living. At that time, I was millions in debt, worrying almost every day about the money for 'tomorrow's' meals. But unexpectedly, after experiencing a failed startup, I found my second spring - the cryptocurrency world. Through constant exploration and adjustment, I ultimately leveraged four simple yet practical trading steps to turn my debt into an accumulated asset of 23 million in two years! Today, I will share this successful trading method with everyone; it's completely straightforward, just follow it.
Step 1: Choose a Coin - Find the right coin, win half the battle first
Selecting coins is the most basic yet crucial step. I recommend looking at the daily chart and focusing on daily level trends. Pay special attention to coins where the MACD golden cross appears above the zero axis; these coins have a higher probability of rising. The closer the golden cross is to the zero axis, the greater the potential for growth. Remember, selecting coins is not about blindly following trends but filtering out coins with upward potential from the overall market and technical analysis.
Step Two: Buying Timing - Catch the Rhythm, Don't Be Impatient
The timing for buying should rely on the daily chart; remember to keep an eye on the daily moving average. When the price is above the daily moving average, it indicates positive market sentiment, and you can hold your position with peace of mind. However, once the price falls below the daily moving average, don't hesitate—sell immediately. Don't rely on luck; the market's volatility changes rapidly, and losing control can lead to significant losses.
Step Three: Position Management - Control Risk, Steady Profit
Once a buy signal is confirmed, and the price breaks above the daily moving average while the trading volume remains above the daily moving average, you can consider increasing your position. At this time, it is recommended to enter with your full position. But remember, there are three scenarios for selling:
When the price increase exceeds 40%, sell one-third;
If the price increases by more than 80%, sell one-third;
If the price falls below the daily moving average, regardless of how much profit you have made, liquidate everything. Preserving profits is more important than anything else.
Step Four: Risk Control - Prevent Losses from Expanding, Timely Stop Loss
Risk control is a quality that every trader must possess. In this method, the daily moving average is our most critical risk control tool. If the price falls below the daily moving average the next day, you must liquidate your position without hesitation to avoid further losses. Trading cryptocurrencies does not guarantee a 100% success rate, but you can ensure long-term survival in the market through risk control.
Summary
Over two years, I have followed these four simple steps, gradually accumulating funds from debt to stabilizing at an eight-figure asset. The secret to success is actually: simple methods, stable execution, continuous learning, and risk awareness.
If you also want to profit steadily in the cryptocurrency market, you might want to try this method. Remember, following the rules and operating steadily is always more important than pursuing quick profits. After all, staying safe is more important than making money.
Finally, if you feel confused or lost in trading, feel free to follow me. I will continuously share more practical experience and market analysis to help you not get lost during the bull-bear transitions in the cryptocurrency market.
