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Someone recently asked me: "The market is so chaotic, how do you still dare to buy altcoins? Look at $ZEC, $XMR, $DASH —can they really make you money?"
My answer is straightforward—it's not complicated in method, but the discipline to execute must be strict.
Whether you can make money in this round of market depends, to be honest, not much on how many technical indicators you know. The key is whether you dare to strictly follow the rules you’ve set. Many people fail here: they know what to do, but can't control themselves.
My approach is divided into several core steps.
**First step: Only look at coins that have gone up.** The first thing I do at market open is scan the gainers list. Coins that haven't moved in the past half month indicate no one is watching or following, so there's no need to waste energy. Only those appearing at the top of the gainers list are worth adding to my watchlist.
**Second principle: The monthly trend is the only directional indicator.** I basically avoid any rebound rallies. I only look at one indicator—the monthly MACD golden cross. When a golden cross appears, it indicates the overall direction is correct; other fluctuations, frankly, are like gambling with your life.
**The third step is the real entry point.** Don’t chase highs; wait near the 60-day moving average. Only act when there's a pullback with volume support. Many think the price below the line is cheap, but that’s often a trap that can lead to deeper losses.
**Breakdowns must be exited immediately.** No bargaining, no hesitation, no soft-heartedness. Profits that get pulled back are always because of that one moment of softness. As soon as the support line is broken, get out immediately.
**Profit-taking should be staged.** Take profit at 30%, then continue to reduce positions as the trend progresses. Those who want to eat the entire market in one go usually end up wasting their time.
**The last line of defense: the 70-day moving average.** If it breaks, regardless of whether you're in profit or loss, exit immediately. I’ve used this rule to save myself countless times.
Some may complain that this method is too "mechanical," boring, and lacks flexibility. But I want to say—trading based on feelings will get you dead faster. Feelings are worthless in the face of the market.
The market has always been there; it has never disappeared. The real question is whether you can survive until it pays out in the end. And those who live until that day are always those who understand self-discipline and dare to follow the rules.