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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Your fa
After years of navigating the crypto world, my biggest takeaway isn't getting rich overnight, but gradually growing my account to eight figures. Honestly, this achievement isn't about talent; it's mainly two words—discipline.
I've made plenty of mistakes in the early days, and real money losses have taught me to remember. I've seen many coins explode and experienced numerous account shrinkages. The trading methods that still keep me alive today are not complicated, but behind each one are hard-earned lessons.
Many people always ask what coins to choose and how to place orders. The core is just a few things: the difficulty isn't understanding the rules, but whether you can stick to doing it every day without changing your mind at the last minute.
**Step 1: Find Active Targets**
Skip coins that haven't moved for a long time and have no trading volume—don't waste time. Focus on assets that consistently appear near the top of the gainers list, indicating active interest from funds, which suggests the trend can continue. The key is that there is capital driving the price, allowing it to move.
I mainly look at the monthly chart structure. Until the big trend is clear, I prefer to stay in cash. Short-term fluctuations are too easy to misjudge; a rebound on the hourly chart might look like a reversal, but it's just a minor pullback within the larger trend. Once the higher-level direction is confirmed, I can better see the profit potential.
**Step 2: Use Moving Averages as Reference, Avoid Ultra-Short-Term Trading**
I rarely chase seconds-level volatility. The core is to watch the 60 to 70-day range. This cycle filters out short-term noise and reflects medium-term capital sentiment. When the price returns to this range with volume, then it's worth considering participation.
If the trend stays above the moving average, hold on. Once it breaks below, regardless of whether you're in profit or loss, exit immediately. This discipline has helped me avoid several big crashes—look at those who got wiped out; they often stubbornly hold onto the belief that a rebound will come. The market won't wait for your regret.
**Step 3: Take Profits in Batches**
Don't aim for the absolute top—that's an illusion. When the price rises by a certain percentage, take some profits to lower your cost basis, and let the rest follow the trend. This way, you lock in gains and reduce the risk of giving everything back. The benefit is that you preserve profits and can stay relaxed for larger moves. Many people either hesitate to sell or sell everything at once—both extremes tend to lead to losses.
The rhythm of taking profits in batches is crucial. It's not fixed proportions but adjusted based on technical patterns. Sometimes take 50% of the first move, other times 30%. The key is to keep flexibility.
**Step 4: Cut Losses When Support Breaks**
This is the strictest rule. When a critical level is broken, exit decisively—no bargaining. I've seen too many make mistakes here, hoping "it will bounce back," only to get caught deep. The market signals are clear; just respect them.
**Why Discipline Is So Important**
Many people suffer big losses not because of poor judgment but because they refuse to admit they were wrong. Holding onto a position that should have been sold can turn a 20% loss into 60%. And the more they lose, the harder it becomes to cut. The psychological defenses crumble layer by layer.
Crypto markets change rapidly, and complex methods can easily get out of control. Combining multiple indicators or trying to identify advanced patterns often backfires in real market conditions. Those who survive long-term and see their accounts grow share a common trait: they stick to discipline, have patience, and admit mistakes without delay.
It's not some profound secret—it's about executing rules day after day and balancing greed and fear. Some years yield 30% profit; others break even or suffer small losses, but the account's overall direction is correct. This stability beats chasing quick gains with luck and then giving it all back in one go.
Sticking to this approach isn't easy, because daily temptations to break the rules exist. But in the long run, it's these daily disciplines that separate professional traders from retail investors.