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I'm an 80s-born dad raising a kid, and I've dabbled in everything from stock spot trading to crude oil futures. What really turned things around for me was seriously diving into cryptocurrencies in 2017—now my account balance is in the eight figures.
To be honest, the method isn’t as mysterious as you might think. It’s just four steps repeated over and over, from picking coins to exiting, with crucial details at each stage. I’ll break it down today—how much you remember is up to you.
**First, how to pick targets**
Watch the daily chart and specifically look for coins where the MACD has just formed a golden cross. Here’s the key: it’s best if the golden cross appears above the zero axis—the success rate for these signals is noticeably higher. Don’t ask me why; backtest it hundreds of times and you’ll get it.
**Next, when to buy**
Still on the daily chart, focus on just one line—the daily moving average. The rule is simple: as long as the price is above the line, hold on; if it drops below, get out.
**How to allocate your position**
When the price breaks above the daily moving average and volume also holds above the average, don’t hesitate—go all in. Some people like to build positions in batches, but what they’re really missing is the juiciest part of the move.
**Three points for selling**
- When the price rises 40%, cash out one-third
- When it hits 80%, sell another third
- If it ever drops below the daily moving average? No matter how much you’ve gained, clear out the rest
**And finally, the toughest rule**
Since we’re making decisions based on the daily moving average, if the price breaks below it the day after you buy, you must exit immediately. Don’t gamble, don’t wait, don’t think “let’s see what happens.” Although coins picked with this method rarely break down, risk control is always the top priority. If you sell, just wait for it to get back above the moving average and buy back in.
With the market bouncing all over the place lately, discipline is more important than ever to keep your emotions in check. Don’t get carried away in a bull market, and don’t panic in a bear market. The ones who really make money are those who stick to their rules. Protect your capital, remember your original intention, and the next person to quietly get rich in crypto could be you.