#数字货币市场洞察 After so many years in the crypto market, I’ve found that most people lose money not because of bad luck, but because their position management is a mess. Let me share my strategy—it’s not aggressive, but it’s definitely steady.

**First, let’s talk about splitting funds.** Divide your principal into 5 parts and only use 1/5 each time. Set a stop loss of 10% per trade, so each trade only risks 2% of your total capital. Lose five times in a row? That’s just a 10% drawdown. On the flip side, set your take-profit at least 10%, so whichever way you do the math, you’re not losing out. Getting trapped? That only happens if you willingly jump into a pit.

**Next is the sense of direction.** Two words: follow trends. In a down market, every bounce is a trap; in an uptrend, every pullback is an opportunity. Do you think bottom-fishing is exciting, or does buying the dip feel more secure? The answer is obvious.

**Third, stay away from tokens that have already surged.** Whether it’s a major coin or a small cap, the odds of a continuous rally in the short term are very low. The logic is simple: after a big push, it’s much harder to move higher. If the price can’t break out during consolidation at the top, it will naturally fall. Everyone understands this, but there are still people who want to gamble.

**I often use the MACD indicator.** When DIF and DEA form a golden cross below the zero line and then break above it, that’s a solid entry signal. Conversely, if there’s a death cross above the zero line heading downward, it’s time to reduce your position.

**As for averaging down, I’ve always thought it’s a trap.** So many retail traders keep averaging down as losses mount, and the more they average down, the worse it gets, until they wipe themselves out. Remember: never average down when you’re at a loss; only add to your position when you’re already in profit.

**Volume and price action are core indicators.** Trading volume is the market’s emotional thermometer. Watch closely for breakouts on high volume at the bottom, and be quick to exit when you see high volume with stagnant prices at the top.

**Only trade coins in an uptrend.** That gives you the highest win rate and saves time. A 3-day moving average turning up is a short-term signal; 30-day up is a mid-term opportunity; 84-day turning bullish often signals the start of a major rally, and a 120-day moving average pointing up is for long-term positioning.

**Last point: Never lose your habit of reviewing trades.** After each trade, check if your holding logic has changed, whether the weekly K-line is moving as expected, and if the trend has reversed. Adjust your strategy in time; that’s a thousand times better than stubbornly holding on.

There are no gods in the market, only methodology and execution.