There is a foolish method that achieves a 100% win rate (a few survival tips for beginners)
When I first started trading cryptocurrencies, I stayed up late every night staring at the market, chasing trends and selling on dips, and I lost so much that I couldn't sleep. Later, I persisted in using a simple method, and surprisingly, I survived and gradually started to make stable profits.
Looking back now, this method may be foolish, but it works: "If I don't see the signals I'm familiar with, I absolutely won't act!"
It's better to miss out on opportunities than to place random orders.
With this iron rule, my annual return rate can now stabilize above 70%, and I finally don't have to rely on luck to survive.
Here are a few survival tips for beginners, all based on the experiences I gained from real trades:
1. Place trades after 9 PM
During the day, the news is too chaotic, with all kinds of false positives and negatives flying around, and the market jumps around like a fit. It's very easy to get tricked into entering the market.
I usually wait until after 9 PM to operate; by then, the news is generally stable, and the candlestick charts are cleaner, with clearer direction.
2. Look at indicators, not feelings
Don't trade based on feelings.
Before placing a trade, check these indicators:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a squeeze or a breakout?
At least two of the three indicators must give consistent signals before considering entering.
4. Stop loss: Dignity is more important than money
⛔️ "If the direction is wrong, cut immediately; hesitating for a second means losing 10%"
• Fixed stop-loss method: 3% of the principal is the red line.
• Dynamic stop-loss method: If there's a floating profit of 50%, pull back 20% and definitely exit.
5. Withdraw on time every week #CryptoCircle
For example, if you earned 10,000 U this week, don’t always think about doubling it! I suggest you immediately withdraw 4,000 U to your bank account and continue playing with the rest.
I've seen too many people who "made 3-5 times" their investment, only to lose it all back in one pullback. Continue rolling the remaining amount. Over time, this way, your account will become thicker and thicker. #CurrentStateofCryptoCircle
6. There are tricks to reading candlestick charts #GetRichInCryptoCircle
• For short-term trading, look at the 1-hour chart: If there are two consecutive bullish candles, you can consider going long. #BitcoinAndUSTariffPolicy
• If the market is moving sideways, switch to the 4-hour chart to find support lines: Consider entering the market when it drops near the support level.
If you also want to get a share of the crypto pie and are looking to make trades, follow Gong Zhonghao (Crypto Pioneer) to battle in the crypto circle!