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Having been in the crypto world for 8 years and growing my account to 6 million, it sounds impressive, but honestly, it's not due to some high IQ. It's because I've stepped on too many mines and paid my tuition harshly. Those seemingly simple trading rules are actually built on real money.
People often ask me: How do you choose coins? How do you make trades?
To be honest, the method itself isn't complicated. The hard part is whether you can stick to this logic consistently.
When I first started, I made the same mistakes as all retail investors—getting itchy at the slightest market movement and wanting to trade, resulting in frequent operations that either gave back profits or led to liquidation. Looking back now, most of those losses were self-inflicted.
Here are a few practical experiences I've summarized through my bumpy journey:
**Tip 1: Ask if the coin has ever risen before**
I never touch coins that have been stagnant for a long time. If a coin is on the gainers list, it indicates there is capital inflow and popularity, which could present opportunities.
I mainly look at the monthly MACD. When a golden cross appears, I consider entering. Before the golden cross, holding cash isn't a loss. Don't be fooled by short-term K-line charts; the real profit opportunities often come from riding the trend.
**Tip 2: Rely on moving averages for entries and exits**
I generally don't do short-term trading or watch the market all day. The core is one number—60 to 70-day moving average.
Wait until the price retraces near the 70-day line and trading volume starts to increase. Only then consider adding to your position. As long as the trend is alive, hold on; once it effectively breaks below, exit immediately.
**Tip 3: Take profits in batches**
After a rise, don't rush to sell everything or expect to sell at the top. When gains reach about 30%, take off half the position; if it rises to 50%, continue reducing. It's okay not to sell at the highest point; the key is to steadily lock in profits.
**Tip 4: Breaking below the 70-day line is a death sentence**
No matter how long you've held the coin, once it breaks down, you must get out. This discipline has saved me many times, but many people also lose everything because they can't let go, ending up in irreversible losses.
**Final insight**
In the crypto world, the more complicated the strategy, the easier it is to fall into traps. Conversely, the simpler the rules, the easier it is to stick with them long-term. Don't always think about turning things around in one shot. Those who truly make money here are disciplined, patient, and willing to admit mistakes. The market never favors emotional trading, but it will severely punish rule-breakers. The path is actually very clear—it's just a matter of following it.