Trading for 8 years, I have accumulated many lessons and experiences. Many beginners ask how to choose coins and open positions. In fact, the core methods are not complicated; rather, because they are simple, they are easier to execute and can truly lead to profit.
In the early days, I also made mistakes like chasing high prices and frequent trading, which ultimately led to liquidation or huge losses. The methods I have summarized over the years may seem insignificant on the surface, but they are precisely the key to survival.
**Logic for Choosing Coins**
Coins on the gainers list are worth watching. A rise indicates popularity and liquidity. Coins that have been ignored for a long time will only waste your time and funds.
**Entry Signals**
The monthly chart determines the trend; short-term fluctuations are just noise. Enter only when the MACD on the monthly chart shows a bullish crossover. If there is no signal, stay in cash and wait. Many people want to bet on rebounds, but the low probability often results in losses, which is unnecessary.
**Adding Positions**
Check the 60-day moving average daily. When the coin price retraces to the 70-day moving average with significantly increased volume, you can decisively add to your position. At other times, control your impulses and avoid rushing.
**Exit Principles**
Once the key support line is broken, close the position immediately. Don’t hold onto the hope of a rebound; holding on often results in being trapped.
**Taking Profits**
Take half of your position after earning 30%, and again after earning 50%. There are always market opportunities; when it’s time to take profits, do so. Greed is the biggest enemy.
**The Most Important Rule**
If the price breaks below the 70-day moving average, you must exit. This is the key reason I have survived so long. Don’t fight the trend; strictly follow discipline.
The biggest fear in trading is trying to turn things around with one big move. Stable profits come from discipline and controlling emotions. No matter how good the method is, failing to execute it is pointless.
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CryptoWageSlave
· 11h ago
Basically, it's still about following discipline. At first, I was using all kinds of flashy indicators, but the more I played, the more I lost. Now I strictly stick to the 70-day moving average, which seems plain and unremarkable, but it has actually kept me alive until now.
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OnchainFortuneTeller
· 01-18 23:51
That's so true, the hardest part is execution. I used to watch the rebound every day, and only after being trapped multiple times did I realize this principle.
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I have deep experience with the 70-day moving average; so many times, a bit of luck just caused a blowout.
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Reducing positions by 30% is really a killer move, much more reliable than waiting for a tenfold increase like I used to.
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The key is to control emotions. I now feel comfortable even with an empty position, unlike before when I had to hold something in hand to feel secure.
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The more I trade, the more I realize that the simplest strategies are the most effective; complex indicators tend to deceive.
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If the price breaks support, exit immediately. It sounds simple, but few actually follow through. I learned this after losing money myself.
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It all comes down to mindset. We understand the rules, but when the market moves, we want to take a shot—that's the biggest killer in trading.
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LiquidityNinja
· 01-17 08:59
To be honest, I agree with the 70-day moving average line, but the others... they sound correct, but when the market actually comes, you'll still get caught.
If you can make 30% and then exit, that requires a very stable mindset. I think most people will still be greedy for that 50%.
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rugpull_survivor
· 01-17 08:54
The 70-day moving average is really a tough hurdle. I was only holding on because I couldn't bear to cut my losses, which is why I'm still trapped now.
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LucidSleepwalker
· 01-17 08:52
That's quite right; execution is the biggest hurdle, and only a few can truly accomplish it.
Trading for 8 years, I have accumulated many lessons and experiences. Many beginners ask how to choose coins and open positions. In fact, the core methods are not complicated; rather, because they are simple, they are easier to execute and can truly lead to profit.
In the early days, I also made mistakes like chasing high prices and frequent trading, which ultimately led to liquidation or huge losses. The methods I have summarized over the years may seem insignificant on the surface, but they are precisely the key to survival.
**Logic for Choosing Coins**
Coins on the gainers list are worth watching. A rise indicates popularity and liquidity. Coins that have been ignored for a long time will only waste your time and funds.
**Entry Signals**
The monthly chart determines the trend; short-term fluctuations are just noise. Enter only when the MACD on the monthly chart shows a bullish crossover. If there is no signal, stay in cash and wait. Many people want to bet on rebounds, but the low probability often results in losses, which is unnecessary.
**Adding Positions**
Check the 60-day moving average daily. When the coin price retraces to the 70-day moving average with significantly increased volume, you can decisively add to your position. At other times, control your impulses and avoid rushing.
**Exit Principles**
Once the key support line is broken, close the position immediately. Don’t hold onto the hope of a rebound; holding on often results in being trapped.
**Taking Profits**
Take half of your position after earning 30%, and again after earning 50%. There are always market opportunities; when it’s time to take profits, do so. Greed is the biggest enemy.
**The Most Important Rule**
If the price breaks below the 70-day moving average, you must exit. This is the key reason I have survived so long. Don’t fight the trend; strictly follow discipline.
The biggest fear in trading is trying to turn things around with one big move. Stable profits come from discipline and controlling emotions. No matter how good the method is, failing to execute it is pointless.