If you have less than 100,000, don't pretend to be an expert; only the clumsy method can help you survive.
My cousin Ada won a scholarship of 20,000 last year and jumped into the cryptocurrency market. In a week, it turned into 80,000; his tail was higher than the K-line.
I threw him a moving average: "Get out if it breaks the line, don't ask why."
He nodded and turned to Weibo to chase after "insider information." Three days later, he was liquidated with only 2,000 left, crying tears that wouldn't stop, even losing his contact lenses.
I directly took him to an internet cafe, opened a BTC daily chart, and pointed at the MACD golden cross: "Only strong coins deserve to talk about love; the others are traps."
I drew a 20-day moving average: "This is the line of life and death; above the line is a girlfriend, below the line is an ex-girlfriend; don't get entangled."
He nervously placed a plan, with only 30% of his position, sleeping while holding his phone, waking up once an hour to check the price.
I kicked him: "Wake up only when it breaks the line, or you'll be liquidated every time."
Two weeks later, the coin price surged and broke through; Ada had a floating profit of 40%, and his hands started to itch, wanting to double down. I handed him an iced Americano: "Profit is not for you to get inflated; it’s for you to cash out."
He gritted his teeth and sold in batches, drawing a positive sign in his notebook each time he sold, and he just managed to sell for 50,000.
Later, when the daily line turned, on the day it broke the moving average, he cleared his position in a second, rolling and crawling out of the market, with only 48,000 left in his account.
Ada treated me to skewers, his eyes shining with excitement: "Bro, I didn’t predict anything; I just listened to the lines, and I actually survived!"
I raised my glass: "Don’t celebrate too early; the market is just dozing off. Next time it wakes up, it will be fiercer. Remember, we small investors under 100,000 don't play tricks; repeating the clumsy method a hundred times makes you a seasoned driver."
Now he writes a reflection every day at market close: Did I act rashly? Did I fantasize? Only after writing can he play games.
The moving average is still there, the golden cross will come again, money will slowly roll in, but don’t go crazy first.
Those who can survive and even profit in the market have always been the ones who dare to reach out first.
