Many people in the crypto world are getting more and more complicated with their operations; indicators pile up on the screen, chasing news endlessly, and as a result, their accounts are becoming leaner.
I entered the market at 22 years old, growing from 50,000 to 10 million. There's no insider information, nor am I exceptionally gifted. It's just a stubborn and simple approach—simplifying the complex, and then honing the simple techniques to perfection.
Let me talk about my three stages.
In the first two years, it crawled from 30,000 to 1.2 million, which was painfully slow, but the foundation was solidly built. The second round surged from 1.2 million to 6 million, taking a year. Finally, this last stretch, from 6 million to 10 million, was completed in just five months.
My secret weapon? Just focus on one pattern - the N-shaped trend.
First, a vertical rise, then a slanted pullback to wash out positions, and then a vertical breakthrough of the previous high. Once the N shape is formed, I enter; if it goes bad, I cut immediately. No averaging down, no holding on, and definitely no leverage. Stop loss fixed at 2%, profit taking locked at 10%. Don't be fooled, this win rate might only be 35%, but in the long run, it can still be profitable.
Many people around me think this is too silly. They like to use a bunch of flashy technical indicators, draw trend lines all over the screen, and stare at various rumors all day. What’s the result? The clever are often misled by their own cleverness, losing money faster than anyone else.
I go against the tide. The chart only has a faint 20-day moving average, as I fear that various lines will interfere with my judgment. Every morning at 9:50, I open the trading software on time and scan the 4-hour chart. Didn't see the N shape? Turn off the computer and leave. Saw the pattern? Set the stop-loss and take-profit orders properly. The whole process takes 5 minutes, and the rest of the time I drink coffee or walk the dog.
I also have a plan for the money I earn. When the account reaches 1.2 million, I will first withdraw the initial principal of 30,000 to secure it; when it rises to 6 million, I will withdraw half to diversify into funds and fixed deposits; the rest will continue to snowball in the market. This way, even if the market suddenly crashes one day, my safety net is still intact.
I adhere to three iron rules in this market: First, do not chase the price. Keep your hands off until the pattern is fully established. Second, do not hold positions. If the level is broken, admit defeat and leave when it's time to go. Third, don't be attached to the battle. Withdraw your earnings once you've made enough, don't always think about waiting a bit longer.
Stop dreaming every day about finding some hundredfold coin. If you can steadily achieve a 10% return for 20 consecutive times, you will find that—millions are just a matter of time.
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DegenWhisperer
· 17h ago
Oh, I've been using this N-shaped pattern for a long time, but sometimes I still can't help but chase the price. I really need to restrain myself.
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CommunitySlacker
· 17h ago
Well, I've tried the N shape, and the win rate is indeed not high, but it's stable, the key is still to have discipline and not do Margin Replenishment.
Really, a screen full of indicators is just noise; now I only look at one moving average to determine life and death.
To be honest, the smartest move is to pull out the principal from 1.2 million; too many people just can't bear to lock in profits, and in the end, when there’s a blow-up, they lose everything.
I agree with this logic; simple and crude is the most profitable, while those who fill their charts with trend lines end up losing the most.
But that said, a 35% win rate with a 10% take profit can mathematically outperform most people.
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LucidSleepwalker
· 17h ago
Hey, I have to admit this logic, focusing on the N-shaped pattern really struck a chord with me.
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TokenomicsTherapist
· 17h ago
To be honest, I've been using this N-shaped trap for a long time, and the reason many people just can't learn it is that they are too greedy.
I admit that five-minute scanning of the market is effective; lazy strategies are the most profitable. Don't ask me how I know.
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AirdropHermit
· 17h ago
That's quite harsh. The N-word trap is indeed simple and brutal; I've tried it, but the key is to really have discipline.
What I fear the most are those who only listen to stories and don't execute. After reading the article, they still want to leverage.
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AllInAlice
· 17h ago
Well, this N-shaped pattern sounds simple, but how many can actually stick to it? The key is still the mindset, and that 2% stop loss is the hardest to implement.
Many people in the crypto world are getting more and more complicated with their operations; indicators pile up on the screen, chasing news endlessly, and as a result, their accounts are becoming leaner.
I entered the market at 22 years old, growing from 50,000 to 10 million. There's no insider information, nor am I exceptionally gifted. It's just a stubborn and simple approach—simplifying the complex, and then honing the simple techniques to perfection.
Let me talk about my three stages.
In the first two years, it crawled from 30,000 to 1.2 million, which was painfully slow, but the foundation was solidly built. The second round surged from 1.2 million to 6 million, taking a year. Finally, this last stretch, from 6 million to 10 million, was completed in just five months.
My secret weapon? Just focus on one pattern - the N-shaped trend.
First, a vertical rise, then a slanted pullback to wash out positions, and then a vertical breakthrough of the previous high. Once the N shape is formed, I enter; if it goes bad, I cut immediately. No averaging down, no holding on, and definitely no leverage. Stop loss fixed at 2%, profit taking locked at 10%. Don't be fooled, this win rate might only be 35%, but in the long run, it can still be profitable.
Many people around me think this is too silly. They like to use a bunch of flashy technical indicators, draw trend lines all over the screen, and stare at various rumors all day. What’s the result? The clever are often misled by their own cleverness, losing money faster than anyone else.
I go against the tide. The chart only has a faint 20-day moving average, as I fear that various lines will interfere with my judgment. Every morning at 9:50, I open the trading software on time and scan the 4-hour chart. Didn't see the N shape? Turn off the computer and leave. Saw the pattern? Set the stop-loss and take-profit orders properly. The whole process takes 5 minutes, and the rest of the time I drink coffee or walk the dog.
I also have a plan for the money I earn. When the account reaches 1.2 million, I will first withdraw the initial principal of 30,000 to secure it; when it rises to 6 million, I will withdraw half to diversify into funds and fixed deposits; the rest will continue to snowball in the market. This way, even if the market suddenly crashes one day, my safety net is still intact.
I adhere to three iron rules in this market:
First, do not chase the price. Keep your hands off until the pattern is fully established.
Second, do not hold positions. If the level is broken, admit defeat and leave when it's time to go.
Third, don't be attached to the battle. Withdraw your earnings once you've made enough, don't always think about waiting a bit longer.
Stop dreaming every day about finding some hundredfold coin. If you can steadily achieve a 10% return for 20 consecutive times, you will find that—millions are just a matter of time.