Starting with a capital of 60,000, I gradually rolled it over to over 5 million, and later to 24 million, only using this trick to master the buying and selling points, summarized as follows.
1. Those who know how to buy are apprentices.
The best operational method in the crypto circle is:
a. Regardless of bull or bear markets, 5 layers of positions should be in BTC and ETH, while the remaining 5 layers should be for big opportunities.
b. When the bull market turns back, many altcoins are discounted to 10% or even 1%. At this time, it is very cheap to buy some promising altcoins with wide consensus and then wait for the bull market to arrive.
c. During a bull market, various hot topics emerge. For example, in this bull market, areas like artificial intelligence, gamefi, RWA, public chains, and platform coins can be participated in with a small amount of funds for hype trading. After earning more than 5 times, take profits in time and convert everything into BTC and ETH. Clearly distinguish between what is 'living day by day' and what is 'just playing around.'
The essence of finance is a Ponzi scheme; when the tide goes out, you will know who is swimming naked. Leaving before the bubbles of various new projects burst is a very smart move.
Second, those who know how to sell are masters.
"When trading coins turns you into a shareholder, never think you can sell at the highest point; the highest point is only known in hindsight. Two more reliable selling methods: target profit-taking method and technical indicator method.
Target profit-taking method: Contentment brings happiness; money can never be earned endlessly. Nothing can rise indefinitely; fluctuations are the essence of the trading market, and everything has its cycle. Set your profit target or expected price, place an order in advance. For example, if buying a house this year requires 1 million, then set the price to earn that 1 million, and place the order in advance for automatic execution upon reaching the target. Alternatively, use the ATH price as a reference point, as breaking the previous high is very difficult, and there is often a significant drop when breaking through the previous high, so sell.
The price of a single sell order is set at about 4% below the peak of the stage.
Technical profit-taking method: Set MACD to (12,26,9), choose 5-day and 7-day moving averages for the K-line chart. When the 5-day moving average crosses below the 7-day moving average to form a death cross, and the MACD's DIF line crosses below the DEA line to form a death cross, it indicates that a major drop is about to begin.
Taking ETH as an example, ETH experienced significant drops on December 4, 2021, September 7, and May 13. In these three major drops, it can be seen that this theory is still quite correct.
3. Only those who can stay in cash are the ancestors.
In a bull market, firmly hold onto your coins; in a bear market, firmly stay in cash. The highest realm of trading is staying in cash because waiting for a major drop and entering to clean up the mess when there are bodies everywhere will yield the maximum profit. Staying in cash is still very difficult because you have to endure long periods of boring waiting and cope with the FOMO mentality after seeing others continuously making money. Based on ETH's fluctuations, the opportunity for a 20% drop can be well grasped 4-5 times a year!
