In the early years of trading cryptocurrencies, I was like most people, staying up late to watch the market and chasing highs and lows, only to lose sleep over my losses. Later, I resolved to stick to one 'foolish method,' and unexpectedly, not only did I survive, but I also gradually achieved stable profits.

Looking back now, this method, although basic, really works: if I don’t see familiar trading signals, I firmly refrain from acting!

It’s better to miss a trend than to make a wrong trade.

By relying on this ironclad rule, I can now maintain an annual return rate of over 70%, no longer depending on luck to make a living.

The following suggestions are experiences I have learned from real trading that I want to share with beginners:

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1. As soon as you make money, take some profits off the table.

Don't always think about doubling your money before exiting. For example, if you made 1000 U today, it is advisable to immediately withdraw 300 U to your bank account and continue trading with the remaining amount.

I have seen too many people trying to multiply their investments threefold to fivefold, only to lose everything in one retracement, ending up with nothing.

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2. Look at the indicators, not just your feelings.

Placing orders based on intuition is equivalent to guessing blindly.

I always have TradingView on my phone, and I check these key indicators before opening a position:

- MACD: Has a golden cross or death cross occurred?

- RSI: Is it entering the overbought (>70) or oversold (<30) zone;

- Bollinger Bands: Is the price near the upper or lower bands or showing a squeeze?

I only consider entering a position if at least two of these three indicators give a consistent signal.

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3. Stop losses should be set flexibly.

If you have time to monitor the market, you can manually adjust your stop loss when the price rises. For example, if you buy at 1000 and it rises to 1100, raise your stop loss to 1050 to secure some profits.

But if you have to go out or cannot monitor the market, make sure to set a hard stop loss, generally within 3%, to prevent being caught in a sudden drop.

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4. You must withdraw some cash every week.

Profits that haven’t been withdrawn are just numbers on paper!

Every Friday, I consistently transfer 30% of my profits to my bank account, and continue rolling over the rest. This way, I can maintain account growth while also securing some actual income.

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5. Watching candlestick patterns also requires a sense of rhythm.

Different timeframes are suitable for different strategies:

- For short-term trading, look at the 1-hour chart: if the price shows two consecutive bullish candles, consider a small position to go long;

- In a volatile market, switch to the 4-hour chart to find support levels: consider entering when the price is near the support line, as the success rate is higher.

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Here’s a last piece of advice for you:

Trading cryptocurrencies is not gambling; treat it as a serious job. Check the market at the set times every day, eat and sleep after the market closes, and you will find that—money will be earned more solidly and lastingly.