# I Made 2 Million in Crypto With This "Simple Method"—Newbies Should Follow to Avoid Pitfalls
After years of struggling in crypto trading, I’ve developed a set of methods that may seem simple, but are very effective. I grew my account from tens of thousands to over 2 million. Here’s my advice to help you avoid mistakes.
**1. Market tanks but your coin only drops a little? Don’t rush to sell** This usually means someone is supporting the price—the big players haven’t left yet, so there’s likely another opportunity ahead. Holding steady is often better than panicking.
**2. Moving averages are your best friend** For short-term trades, watch the 5-day moving average. For medium/long-term, use the 20-day moving average. If the price stays above the line, keep holding; if it breaks below, don’t hesitate—get out. It sounds simple, but strict discipline is key.
**3. Here’s how to identify the main uptrend** If the trend is rising but volume hasn’t increased much, that’s a good entry point. When price rises with volume, keep holding. If there’s a pullback with low volume but the trend isn’t broken, don’t panic. But if the price drops below the trendline on high volume, it’s time to reduce your position.
**4. Two hard rules for short-term trading** If your coin is flat for three days after buying, sell. If you lose 5%, cut your losses without hesitation. Don’t make excuses—leave when you need to.
**5. Look for rebound opportunities after sharp drops** If a coin has been cut in half from its peak and has dropped for 8 consecutive days, there’s often a technical rebound in these extreme conditions. But remember, it’s just a rebound, not a reversal.
**6. Only trade the leaders, avoid junk coins** Sector leaders rise the most and are the most resilient. Don’t think something is cheap just because it dropped a lot, and don’t be afraid to chase leaders that have already risen. The core logic is to buy high and sell even higher.
**7. Follow the trend, don’t fight the market** Buying at a good price is much more important than buying the lowest price. Don’t try to catch falling knives in a downtrend. Let go of weak coins and always follow the trend.
**8. Reviewing and building your system is more important than anything** Don’t get cocky after a win—consistent, stable profits are what matter. Review every trade to see if it was luck or skill. Gradually build your own trading system—that’s the real secret to long-term profits.
**9. Staying out of the market when you’re unsure is also a strategy** If you’re not confident, don’t force it. Trading is about win rate, not frequency. Preserve your capital first, then think about profits. Many people lose previous gains because they can’t stay on the sidelines.
In crypto, it’s hard to catch good opportunities fighting alone. Let’s learn and share experiences together—collaboration is the key to surviving longer in this market.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
0xSleepDeprived
· 12h ago
The moving average approach sounds good, but truly making money still depends on mindset; many people can't follow through.
View OriginalReply0
MerkleTreeHugger
· 21h ago
To be honest, the key is still that review. So many people start to get reckless after making some profit, and as a result, they lose everything in a wave of pullback. Miserable.
View OriginalReply0
GasFeeSurvivor
· 12-08 11:52
You're right, but I've already tried this approach a long time ago. The key issue is still execution—most people simply can't stick to the stop-loss rule.
View OriginalReply0
CrashHotline
· 12-08 11:48
This moving average system is really more stable than guessing blindly... The key is execution; most people fail at this point.
View OriginalReply0
SchroedingerGas
· 12-08 11:38
Sounds good, but I feel like I heard about this stuff three years ago. Is it still usable now?
View OriginalReply0
ProxyCollector
· 12-08 11:23
This moving average strategy really works. I myself keep a close eye on the 5-day and 20-day averages; they're much more reliable than those flashy indicators.
# I Made 2 Million in Crypto With This "Simple Method"—Newbies Should Follow to Avoid Pitfalls
After years of struggling in crypto trading, I’ve developed a set of methods that may seem simple, but are very effective. I grew my account from tens of thousands to over 2 million. Here’s my advice to help you avoid mistakes.
**1. Market tanks but your coin only drops a little? Don’t rush to sell**
This usually means someone is supporting the price—the big players haven’t left yet, so there’s likely another opportunity ahead. Holding steady is often better than panicking.
**2. Moving averages are your best friend**
For short-term trades, watch the 5-day moving average. For medium/long-term, use the 20-day moving average. If the price stays above the line, keep holding; if it breaks below, don’t hesitate—get out. It sounds simple, but strict discipline is key.
**3. Here’s how to identify the main uptrend**
If the trend is rising but volume hasn’t increased much, that’s a good entry point. When price rises with volume, keep holding. If there’s a pullback with low volume but the trend isn’t broken, don’t panic. But if the price drops below the trendline on high volume, it’s time to reduce your position.
**4. Two hard rules for short-term trading**
If your coin is flat for three days after buying, sell. If you lose 5%, cut your losses without hesitation. Don’t make excuses—leave when you need to.
**5. Look for rebound opportunities after sharp drops**
If a coin has been cut in half from its peak and has dropped for 8 consecutive days, there’s often a technical rebound in these extreme conditions. But remember, it’s just a rebound, not a reversal.
**6. Only trade the leaders, avoid junk coins**
Sector leaders rise the most and are the most resilient. Don’t think something is cheap just because it dropped a lot, and don’t be afraid to chase leaders that have already risen. The core logic is to buy high and sell even higher.
**7. Follow the trend, don’t fight the market**
Buying at a good price is much more important than buying the lowest price. Don’t try to catch falling knives in a downtrend. Let go of weak coins and always follow the trend.
**8. Reviewing and building your system is more important than anything**
Don’t get cocky after a win—consistent, stable profits are what matter. Review every trade to see if it was luck or skill. Gradually build your own trading system—that’s the real secret to long-term profits.
**9. Staying out of the market when you’re unsure is also a strategy**
If you’re not confident, don’t force it. Trading is about win rate, not frequency. Preserve your capital first, then think about profits. Many people lose previous gains because they can’t stay on the sidelines.
In crypto, it’s hard to catch good opportunities fighting alone. Let’s learn and share experiences together—collaboration is the key to surviving longer in this market.