Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Is there a way to trade cryptocurrencies without constantly monitoring the charts or guessing the ups and downs every day?
I know a trader who has been in the game for over ten years, using a set of methods that peers once mocked as the "foolish way." And the result? This system allowed him to survive two complete bull and bear cycles, turning his assets into dozens of times more. He once told me: "Smart people look for shortcuts, but those who truly make money are using the most straightforward methods."
Today, I’ll share this approach that can help you avoid most pitfalls and steadily make money.
**First, remember the "Three No's"**
First, never follow the trend to buy during an uptrend. When others are showing off profit screenshots, that’s often the end of the trend. A rule: the dips are the real opportunities, while the rises are all risks.
Second, don’t rush to execute orders. The more you want to buy immediately, the easier you are to be cut. Learn to patiently place limit orders and wait for the price to reach your target level. You’d be surprised how much unnecessary cost you can save this way.
Third, never hold a full position. Full positions can’t withstand any volatility. The key is that when real opportunities come, you have no bullets left to add to your position. The market is never short of opportunities; what’s always lacking is cash.
**Next, six practical tips**
Consolidation at high levels often leads to a surge; consolidation at low levels often breaks support—don’t guess blindly, wait for clear signals before acting.
During sideways trading, avoid frequent transactions. You might think you’re earning small profits, but trading fees can eat up half of your gains. $KO and similar coins are good examples of this period.
Operate based on daily charts—simple and straightforward: consider buying during bearish candles, prepare to sell during bullish candles. Follow the market rhythm, don’t gamble on feelings.
Slow declines tend to have slow rebounds; fast declines tend to rebound quickly. Master this rhythm, and you’ll know exactly when to exit.
Use a pyramid-style position building approach—dare to buy more as the price drops further. This is the fundamental logic of value investing.
Finally, when prices rise too much, they tend to fall; when they fall too much, they tend to rise. Ultimately, everything returns to sideways movement. Don’t go all-in or all-out at extreme points; wait until the trend is clear before making big adjustments.
**Stability beats excitement**
This method may not sound thrilling, and it doesn’t offer the quick thrill of getting rich overnight. But it’s this "foolish way" that can save beginners three years of unnecessary detours.
In the crypto world, it’s not about who makes money fastest, but who survives the longest. Be steady, be patient, and keep your profits tightly in hand—that’s what makes a winner.