Over the past few years of making 2 million from trading cryptocurrencies, I have come to believe more and more in a principle—truly effective trading strategies are often so simple that they seem unimpressive.

Those who study a bunch of technical indicators tend to overtrade in the end. Don’t let complexity blind you; the real opportunities in the market are hidden within the simplest rules.

**Capture the Market Support Signals**

When the market plunges, but your coins hold steady with only minor dips, it’s not luck—most likely, the big players are supporting the market behind the scenes. These coins should be held tightly; they have the confidence not to fall with the market, and later, they will have the strength not to rise with it.

**Two Lines Are Enough for Beginners**

For short-term trading, watch the 5-day moving average. If the price stays above it, hold; if it breaks below, cut your losses immediately. For medium-term positioning, use the 20-day moving average: stay confident when above, exit decisively when below. Don’t overcomplicate your trading; most fancy techniques are just tricks to deceive.

**The Wisdom of Volume**

During the main upward wave, the real concern is excessive volume. Increasing volume during a rise is good—it indicates tight holding of chips and room for further growth. Continue holding during volume-driven rises; during volume declines, observe the trend. If volume surges downward and breaks support, don’t hesitate—reduce your position quickly.

**Time Cost Is Real Cost**

If there’s no decent action within three days in a short-term trade, it’s time to exit. If the market doesn’t recognize your judgment, admit your mistake. When losses reach 5%, stop-loss unconditionally—that’s not advice, it’s an iron law.

**Dare to Buy the Oversold Rebound**

A drop of 50% and continuous decline for 8 days indicates an oversold condition. A rebound is highly likely. If you’re afraid to buy in at this point, waiting for the rise to chase high will only make you the bag-holder.

**Hold Only Leading Coins**

The coins that rise the fastest are also the most resilient during declines. Don’t buy junk coins just because they’ve fallen a lot, and don’t be scared when they rise. The leading coins should be bought during strong phases and sold during crazy surges.

**Trend Is Your Only Backing**

Don’t try to guess the bottom during a decline, and don’t entangle yourself with weak coins. The right buying opportunity isn’t about how low the price is but about how suitable the timing is.

**Calmness After Making Money Is Key**

Making money once might be luck, but consistent profits come from a mature trading system. Reflect after each gain—was it skill or luck?

**Learn to Stay Out and Watch**

Not trading means avoiding mistakes. The primary goal of trading is capital preservation; profit is secondary. Trading frequency doesn’t matter—success rate is what truly counts.

Most failures in the crypto world aren’t because the market is too difficult, but because people tend to overcomplicate things. I’ve shared the simplest and most effective strategies—whether you can truly implement them is what determines the future of your account.