With a simple yet hardcore approach, I made 1.8 million in the crypto market. There are no mysterious tricks; frankly, it's about mastering the basics to the extreme. Today, I want to organize the lessons learned from years of losses, hoping to help newcomers avoid detours.
First, let's talk about the logic of identifying opportunities. During a market crash, if the coins you hold only drop slightly, it indicates that major players are supporting the market. Don't panic at such times; hold steady, and surprises will come eventually. Conversely, when a coin drops more than 50% from its all-time high and continues to decline for 8 days, it has basically entered an oversold stage. This is a good opportunity to add small positions.
The key is execution. How to do short-term trading? Watch the 5-day moving average. As long as the price stays above it, hold confidently; once it breaks below, sell immediately. The mid-term approach is the same, just replace the cycle with the 20-day moving average. It sounds simple, but very few can truly execute it diligently. My experience is: if there's no volatility within three days after buying short-term, sell; cut losses unconditionally at 5%, and don't gamble on luck.
The real money-making opportunity is during the main upward wave. When the main upward wave forms but hasn't yet expanded significantly, that's the moment to buy decisively. Afterwards, continue holding during volume surges; during volume declines that don't break the trend line, also hold. Only when volume drops sharply and breaks the trend line should you reduce your position.
Having a sense of the leading coins is essential. In the crypto market, only recognize the leading coins—they rise fiercely and fall resiliently. Don't shy away from buying expensive coins; the key is to buy high and sell higher. Don't touch weak coins even if they're cheap; that's how time gets wasted. Also remember, following the trend is king. The buying price isn't better the lower it is; the right price matters. During a downtrend, decisively abandon coins that can't keep up.
The easiest point to mess up after making money is in review. Don't get cocky; ask yourself whether it's luck or skill. Building your own trading system is the foundation of stable profits. Holding cash is also a strategy; it's not a waste of time. Preserving capital always takes precedence over making profits. Trading ultimately depends on success rate, not trading frequency.
One final piece of advice: if you're not confident, don't force trades. Blind buying and selling are worse than holding cash and waiting for real opportunities. Opportunities in the crypto market are always there; there's no need to rush.
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fomo_fighter
· 01-08 22:03
That's right, there are just too many people with poor execution. I also learned this lesson after paying quite a few tuition fees myself.
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LayoffMiner
· 01-08 07:42
1.8 million, is that real... Maybe I should also try the 5-day moving average? I'm just worried that halfway through, they'll change their mind again.
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BTCRetirementFund
· 01-07 09:54
That's right, executing the 5-day moving average dead seriously can really save lives. I previously lost a lot of money because I couldn't bear to sell at a loss.
For leading coins, just focus on bottom-fishing. Weak coins are really a black hole of time, wasting youth.
180,000 sounds impressive, but the key is the analysis part that was said perfectly. Making a profit and not getting cocky is true skill.
Holding a zero position is also a strategy. This sentence hit me; too many people can't sit still and must operate.
Unconditionally execute a 5% stop loss. It sounds simple, but actually doing it requires mental toughness. Respect.
Following the main upward wave on the night before it happens is indeed exciting. Just see if you can wait for that moment.
Not gambling on luck, as they say in plain language. Most people can't get past this hurdle.
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ProveMyZK
· 01-07 09:49
That's right, it's a matter of execution. Most people fail because of their mindset.
Listening to theories but messing everything up when it comes to action is tough.
1.8 million is indeed not small, but it also depends on the cycle. Making money in a bear market is really much harder than in a bull market.
The explanation of the main upward wave was excellent, but it's just about catching that point. Always chasing highs or selling too early.
The logic behind leading coins is basically not to be greedy for cheap ones. I agree with that. Weak coins are just time black holes.
Reviewing past trades is the most important. Most people, after making a profit, just think about the next trade and don't reflect at all. They deserve to lose it all back.
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BearMarketMonk
· 01-07 09:39
1.8 million sounds impressive, but how many can truly follow the 5-day moving average discipline? I think this thing, in the end, is the art of stop-loss; the difficulty lies in actually cutting at that moment.
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SlowLearnerWang
· 01-07 09:28
This guy is right, I just always regret not listening earlier.
With a simple yet hardcore approach, I made 1.8 million in the crypto market. There are no mysterious tricks; frankly, it's about mastering the basics to the extreme. Today, I want to organize the lessons learned from years of losses, hoping to help newcomers avoid detours.
First, let's talk about the logic of identifying opportunities. During a market crash, if the coins you hold only drop slightly, it indicates that major players are supporting the market. Don't panic at such times; hold steady, and surprises will come eventually. Conversely, when a coin drops more than 50% from its all-time high and continues to decline for 8 days, it has basically entered an oversold stage. This is a good opportunity to add small positions.
The key is execution. How to do short-term trading? Watch the 5-day moving average. As long as the price stays above it, hold confidently; once it breaks below, sell immediately. The mid-term approach is the same, just replace the cycle with the 20-day moving average. It sounds simple, but very few can truly execute it diligently. My experience is: if there's no volatility within three days after buying short-term, sell; cut losses unconditionally at 5%, and don't gamble on luck.
The real money-making opportunity is during the main upward wave. When the main upward wave forms but hasn't yet expanded significantly, that's the moment to buy decisively. Afterwards, continue holding during volume surges; during volume declines that don't break the trend line, also hold. Only when volume drops sharply and breaks the trend line should you reduce your position.
Having a sense of the leading coins is essential. In the crypto market, only recognize the leading coins—they rise fiercely and fall resiliently. Don't shy away from buying expensive coins; the key is to buy high and sell higher. Don't touch weak coins even if they're cheap; that's how time gets wasted. Also remember, following the trend is king. The buying price isn't better the lower it is; the right price matters. During a downtrend, decisively abandon coins that can't keep up.
The easiest point to mess up after making money is in review. Don't get cocky; ask yourself whether it's luck or skill. Building your own trading system is the foundation of stable profits. Holding cash is also a strategy; it's not a waste of time. Preserving capital always takes precedence over making profits. Trading ultimately depends on success rate, not trading frequency.
One final piece of advice: if you're not confident, don't force trades. Blind buying and selling are worse than holding cash and waiting for real opportunities. Opportunities in the crypto market are always there; there's no need to rush.