Honestly, making millions a year from trading cryptocurrencies is not about luck, but a methodology earned through blood and sweat. Many people ask how to choose coins and how to open positions, but the method is actually very simple—so simple it’s almost painful.

The biggest pitfall is that when the market moves, your mind heats up, and you make impulsive trades, which can lead to liquidation or losses so severe you want to cry. I’ve fallen into this trap too, and thinking back, I just want to slap myself.

The core strategy isn’t that complicated. Coins on the gainers list usually have momentum; dead coins that are stagnant will only cause losses if bought. Don’t obsess over the daily K-line; I look at the monthly MACD—enter when there’s a golden cross, wait when there isn’t, and holding cash is also part of trading. Short-term K-lines reflect volatility, but the secret to wealth lies in long-term trends. The idea of betting on a rebound from oversold conditions? That’s almost a guaranteed way to lose.

My strict rule is to watch the 60-day moving average closely. When the price retraces near the 70-day moving average and trading volume suddenly spikes, I add to my position directly. If there’s a signal, stay steady; if not, keep waiting. For mainstream coins like $XRP, the best entry point is when the signal appears.

After entering, timing is crucial. If the price rises, hold on; but if it breaks below the operational line, close the position immediately—don’t hesitate. Many people are reluctant to exit, but in the end, they turn paper profits into real losses, which is the most painful.

Profit-taking also requires strategy: sell half when it rises 30%, then sell half again when it reaches 50%. Opportunities are everywhere in the market; missing this wave doesn’t mean the next won’t come. Don’t wait for double returns.

The most ironclad rule: if the 70-day line breaks, exit immediately. No matter how long you’ve held or how reluctant you are, this line is your life-saving token.

Ultimately, making money in the crypto world depends not on luck or a dream of turning things around overnight, but on discipline and emotional management. The simpler the method, the stronger the execution; complex strategies are more likely to collapse during implementation. These are all lessons learned through real money trading.