Trading cryptocurrencies is really not something you can survive on luck alone! I learned these lessons after being liquidated ten times, and now I can finally make steady profits. Here are a few life-saving tips:

Don't mess around during the day, start working at 9 PM

I used to stare at the market all day, with news flying everywhere, and manipulators intentionally releasing fake news to trap traders, causing the market to jump around like crazy. Now, I only open my computer after 9 PM; by then, the news has been digested, the K-line has stabilized, and the direction is clear.

Transfer profits to the bank immediately, don't be greedy!

If I make 1000U, I immediately withdraw 300U to my bank account and play with the rest. I've seen too many people making three times their investment and wanting five times, only to lose it all in a crash. Now, I withdraw 30% of my profits every Friday without fail, and my account is getting thicker.

Indicators are a thousand times more reliable than gut feelings

I used to place orders based on feelings and ended up losing everything. Now, I have TradingView on my phone and check three indicators: whether MACD has golden or death crosses, whether RSI is overbought or oversold, and whether the Bollinger Bands are contracting or breaking. I only enter the market if at least two out of the three signals agree.

Know how to “change faces” with stop-losses

If I have time to watch the market, I manually adjust my stop-loss upwards once I make a profit. For example, if I bought at 1000 and it rises to 1100, I raise the stop-loss to 1050 to secure a 50U profit. If I need to go out, I set a hard stop-loss at 3% to prevent being wiped out in a sudden crash.

There’s a strategy to reading K-lines

For short-term trading, focus on the 1-hour chart, and only consider buying after two consecutive bullish candles; if the market is stagnant, switch to the 4-hour chart to find support levels and enter when it approaches support. Never make random trades when the market is indecisive!

One wrong step can lead to disaster

Don’t use leverage over 10 times (newbies should cap at 5 times), avoid meme coins and other scams, limit yourself to a maximum of three trades a day, and most importantly, absolutely do not borrow money to trade cryptocurrencies! I borrowed money before, and the pressure made me unable to sleep, which distorted all my operations.

The wisdom of Daiyu: Treat trading like a job, turn off your computer when it’s time to eat or sleep. I now only work three hours a day and earn more steadily. I used to stay up late watching the market, chasing trends and panic selling; looking back, it was really foolish—there are always opportunities in the market, and life is much more important than the market!

If you currently feel trapped, helpless, or confused about trading, and want to learn more about cryptocurrency knowledge and cutting-edge information, click on my avatar to follow me; don’t get lost in this bull market again!