Eight years of trading cryptocurrencies, from a novice to 6 million. To be honest, it's not luck that got me here, but rather having experienced too many setbacks and learning these key survival principles.



The most common question I get is: how to choose coins? how to make trades? My answer now is very simple—it's this simplicity that is the core of making money.

I've seen too many people, once the market starts to fluctuate, can't sit still and must "rush in," only to operate wildly and end up blowing their accounts and losing badly. I used to do the same. Looking back, it was really stupid. Today, I’ll share the methods I’ve developed over the years. If you dare to follow them, you must learn seriously.

**Rule 1: Start with the top gainers list when choosing coins**

Why? Because coins that have already gained have active market interest and more opportunities ahead. Coins that never move? Why buy them? Just wasting idle funds.

**Rule 2: Don’t always focus on the minute charts**

I look at the monthly MACD. When a golden cross appears, I enter the market; if not, I stay on the sidelines. Candlestick charts tell you how short-term prices fluctuate, but real opportunities are hidden in long-term trends. Those rebound opportunities after oversold conditions? Low probability events. I’ve bet on them before, and I usually lost money.

**Rule 3: The 70-day moving average is my lifeline**

Every day, I pay close attention to this line. When the price retraces near the 70-day moving average and trading volume starts to increase, I dare to add to my position. At this point, confidence is key—trust that the market will give you opportunities. When the signal appears, hold steady; if not, keep waiting.

**Rule 4: Timing after entry is crucial**

Once in, I never fight the trend. If the price moves up, I hold; if it breaks below a key line, I sell immediately. Many people make the mistake of not wanting to sell, hoping for a rebound, but end up turning green into red. Profit-taking also needs rhythm—don’t try to take all gains at once. When up 30%, take half off; if it reaches 50%, take half again. Remember this truth: the market is always changing. Missing an opportunity is okay; new ones will come again and again.

**Rule 5: The strictest rule**

If the price breaks below the 70-day moving average, get out immediately. No matter how long you've held or how reluctant you feel, once it breaks, exit. Don’t fight the market or gamble with your life. The reason I’ve survived until now is because of this iron rule.

In the crypto world, the simpler the method, the easier it is to execute. Don’t keep dreaming of "turning it around in one shot." Those who stick to discipline and control their emotions are the ones who truly make money.

All these lessons are accumulated from real losses. The crypto market won’t mistreat someone who follows discipline, but it will definitely teach harsh lessons to those who don’t understand the rules and trade on impulse.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
HashRateHermitvip
· 01-06 08:02
There's nothing wrong with what you're saying, but the hard part is execution. How many people can truly stick to this discipline?
View OriginalReply0
SignatureLiquidatorvip
· 01-03 14:51
Hey, wait a minute. Is the 70-day moving average theory really that powerful? I feel like I always get cut when I use it.
View OriginalReply0
GateUser-e51e87c7vip
· 01-03 14:31
The 70-day moving average is really a lifesaver. I previously cut my position at the bottom because I couldn't bear to see it break below.
View OriginalReply0
ColdWalletAnxietyvip
· 01-03 14:24
To be honest, I've tried the 70-day moving average method, and it is indeed more effective than my previous impulsive trading, but it's really hard to stick to. When it rises, I want to be greedy; when it falls, I want to buy the dip.
View OriginalReply0
GateUser-00be86fcvip
· 01-03 14:24
I'm also using the 70-day moving average strategy, but to be honest, the real challenge isn't choosing the coins but resisting the urge to act.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)