After seven years of struggling in the cryptocurrency circle, I have witnessed too many people who consider themselves "smart," entering the market with a bunch of complex indicators, ultimately losing everything, even forgetting their account passwords.
As for me, the one considered "foolish," I managed to grow my initial investment of 50,000 to 30 million solely based on a naked K chart.
In the first stage, from 50,000 to 1.5 million, I toiled for two years. During that time, I repeatedly tried and failed, challenging myself as I moved forward through exploration.
In the second stage, from 1.5 million to 8 million, it took only one year. I gradually understood that the more complex the trading strategies, the harder it is to profit; simplicity, on the other hand, can bring greater rewards.
In the third stage, from 8 million to 30 million, it only took five months. By this time, I had become "lazy" to the extreme, because the speed of making money is often inversely proportional to the number of operations.
I focused on one pattern—N-shape, a vertical rise, a diagonal pullback, and then a vertical breakout. Once the pattern is established, I enter the market and set a stop-loss; if the pattern deteriorates, I cut my position immediately, without averaging down, without leveraging, and without guessing tops and bottoms, setting a stop-loss at 2% and a take profit at 10%, executing mechanically.
My chart is simplified to the extreme, with only a light gray 20-day moving average as assistance. I look at the 4-hour K lines every day; if there is an N-shape, I place an order, if not, I turn off my computer, finishing in five minutes and enjoying the rest of my life. Most of those who laughed at me for "not reading news and not chasing trends" have faded away quietly.
Making money is important, but protecting your capital is even more important. At 1.5 million, I withdrew my principal and traded with profits; at 8 million, I took out half to buy funds and deposit them, leaving the rest for compound interest. Even if the market crashes, my positions remain as steady as a mountain.
I have three iron rules:
Do not chase after rising prices; wait for the pattern to confirm before entering the market;
Do not hold onto positions; exit decisively when a level is broken;
Do not linger in battle; withdraw profits once enough has been earned.
There are no universal treasures in the cryptocurrency circle, only a sieve to filter out the restless, greedy, and those who seek to get rich overnight.
20 times 10% returns, from 50,000 to 10 million, is just a matter of time.
I have witnessed the darkest moments of the cryptocurrency circle, and now I want to share this experience; the next one favored by the market might just be you, willing to adhere to the "foolish" method.