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Discipline is the lifeblood of traders. Rules are like ropes that can tie people to the system; without a rope, you'll eventually capsize.
The first thing I do before the market opens every day is to check the gainers and losers list. This action seems simple, but it's actually about finding signals—identifying which coins are experiencing abnormal volume and price expansion. Projects without trading volume? I ignore them—they're dead water, and pouring into them won't produce any sound.
Regarding direction? I never guess blindly. The monthly chart tells the truth; the daily chart is full of noise. The big trend is always hidden in the monthly chart. When you see the MACD golden cross, that's a good time to follow the trend. Trading at other times? That's gambling, not trading.
I only recognize one entry point for building positions: the 60-day moving average. When the price retraces to this line and trading volume increases, that's when you can go all in. Why? Because support is clear, costs are comfortable, and you feel at ease—sleep well at night. Attack when you can, defend when you must; your mindset is completely different.
But making money in trading depends more on the sell points than the buy points. Once the price effectively breaks below the 60-day moving average, don’t hesitate—no excuses, close all positions immediately. Hesitation might cause you to give back the previous profits.
As for taking profits, I use a step-by-step approach. When floating profits reach 30%, take half off to recover the principal; when it hits 50%, reduce the remaining half. At this point, what you hold is real profit, and your mindset is completely relaxed. This allows you to hold on longer and even let the remaining profits run a bit more.
These seemingly rigid rules are each paid for with real lessons learned. The market changes every day, but the core principles of trend, support, and discipline never change. Only by building your own system, with clear rules, can you continue to make money in the crypto market. Those who rely on intuition may boast about winning once, but after losing once, they might be out for good.