When I first started trading cryptocurrencies, I stayed up late every day, watching the market and chasing prices, losing sleep over my losses. Later, I insisted on using just one method, and surprisingly, I survived and slowly began to make stable profits. #
Looking back now, this method, although clumsy, is effective: "If I don't see the signals I'm familiar with, I absolutely won't act!" $BTC
Better to miss the market than to place random orders.
With this iron rule, I can now maintain an annual return rate of over 70%, and I no longer have to rely on luck to survive.
Here are a few life-saving tips for beginners, all based on my real trading experience:
1. Place orders only after 9 PM, leave 167☝️🚗 below
During the day, the information is too chaotic, with various false good news and bad news flying around, causing the market to jump around like a fit. It's very easy to be deceived into entering the market.
I usually wait until after 9 PM to trade; by then, the news is basically stable, and the candlestick charts are cleaner, making the direction clearer.
2. Look at indicators, not feelings
Don’t trade based on feelings.
Before placing an order, check these indicators:
• MACD: Are there any golden crosses or death crosses?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a contraction or a breakout?
Only consider entering the market if at least two of the three indicators give consistent signals.
4. Stop-loss: Dignity is more important than money
⛔️ "Cut losses immediately if the direction is wrong; hesitate for a second, and you'll lose 10%"
• Fixed stop-loss method: 3% of the principal is the red line.
• Dynamic stop-loss method: After a 50% floating profit, a 20% pullback must be exited.
5. Withdraw funds on time every week
For example, if you earned 5000U this week, don't always think about doubling it! I suggest you withdraw 1500U to your bank card immediately, and continue playing with the rest.
I have seen too many people who "earned 3-5 times," only to lose everything back after a single pullback. Keep rolling over the rest. Over time, this way, your account will keep getting thicker. #Current situation in the cryptocurrency circle
6. There are tricks to reading candlestick charts
• For short-term trading, look at the 1-hour chart: If the price has two consecutive bullish candlesticks, you can consider going long. #Bitcoin and U.S. tariff policy
• If the market is stagnant, switch to the 4-hour chart to find support lines: Only consider entering the market when it drops near the support level. #非农就业数据来袭 #加密市场反弹