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I've been doing contracts full-time for five years, and one night while watching the market, I suddenly had an epiphany.
The entire crypto market rotates 24 hours a day, with K-line charts dancing up and down, and opportunities are visible every day. But the truth is, very few people actually hold on and end up making real money.
My current approach is very simple—only open positions when specific signals appear. This way, I feel more at ease, and the subsequent trends mostly align with my predictions. If I force myself to enter the market, I always feel something's off; in nine out of ten cases, I end up stopping out.
So I’ve completely quit the habit of reckless trading. I ignore rumors, don’t watch influencer recommendations, and don’t believe in insider tips. If something feels wrong, I stay in cash and wait. Thanks to this patience, I successfully avoided the black swan event in October.
Bitcoin and Ethereum were volatile in the past two weeks, so I didn’t try to guess the bottom or top. I wait until the range truly converges and the direction becomes clear before taking action.
This approach might be related to swing trading. Short-term trading usually doesn’t allow for avoiding being caught in a trade within a day. But if you can stay patient and wait a day or two, you’ll eventually see a breakout after the bulls and bears have accumulated their strength—when everyone can’t hold on anymore, they’ll all strike together, and the market space will naturally expand.
In the first five years, I was just like most people, reading thirty or forty trading books and reviewing charts every day, but I kept circling in losses. Only later did I understand the most basic rule of the crypto market: after a big rise or fall, the market must enter consolidation; once the consolidation ends, there’s a breakout, and then it repeats.
I started only waiting for the breakout at the end of consolidation, abandoning all other opportunities.
It sounds simple, but actually refining this in trading takes countless repetitions. The 100,000 profit in three days was accumulated step by step this way.
If the crypto world is just about working in silence, it’s easy to get lost. The pitfalls I’ve experienced and the patterns I’ve summarized, if they inspire you, that’s great. Are you interested in walking this more stable path to making money together?