During my decade of trading cryptocurrencies, I have learned valuable lessons that have helped me turn around my initial losses and achieve sustained profitability. Here are the six core concepts that shape my trading strategy:
1. Stick to the principle of stability. I use the 60-day moving average as a guide. I will enter the market only when the price remains above this line steadily; once the price falls below this line, I will exit immediately.
2. Be wary of the risk of sudden surges. I believe that rapid growth of more than 50% is often unsustainable. In contrast, smaller and more stable positions can bring better cost-effectiveness and risk management.
3. Monitor early upward signals: Before the price rises sharply, I will predict potential peaks by observing small fluctuations of -10% to 20%, and gradually reduce my position based on this, and gradually exit at lower prices.
4. Seize the opportunity of new trends: New market trends usually form within 3-5 days. I am committed to identifying these emerging trends and taking advantage of the potential market momentum.
5. Be cautious in bear markets. During a downturn, I will keep my minimum position for at least six months to avoid risks.
Through these strategies, I was able to find stable profit opportunities in the cryptocurrency market.
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