Can you turn 5,000 into 1 million by trading cryptocurrencies? Let me share some practical insights! Check out my method that made over 30 million in ten years!
These are experiences I've gained from trading with real capital: ⸻ 1. Trade after 9 PM During the day, the news is too chaotic, with various false positives and negatives flying around. The market fluctuates wildly, making it easy to be misled into trading. I generally wait until after 9 PM to operate; by that time, the news is mostly stable, and the candlestick patterns are cleaner, making the direction clearer. ⸻ 2. Take profits immediately Don't always think about doubling your money! For example, if you made 1,000 U today, I suggest you withdraw 300 U to your bank card immediately and continue playing with the rest. I've seen too many people who think, "I’ve made three times, so I want five times," only to lose everything in a market pullback. ⸻ 3. Look at indicators, not feelings Don’t trade based on feelings; that’s just blind guessing. Install TradingView on your phone and check these indicators before trading: • MACD: Is there a golden cross or a death cross? • RSI: Is it overbought or oversold? • Bollinger Bands: Is there a squeeze or a breakout? At least two of these three indicators should give consistent signals before considering entering a trade. ⸻ 4. Stop loss must be flexible When you have time to monitor the market, if you make some profit, manually adjust your stop-loss price upward. For example, if your buy price is 1,000 and it rises to 1,100, move your stop-loss to 1,050 to secure your profits. But if you need to go out and can’t monitor the market, make sure to set a hard stop loss at 3% to prevent a sudden market crash from wiping you out. ⸻ 5. Withdraw profits weekly Not withdrawing profits is just a numbers game! Every Friday, without fail, I transfer 30% of my profits to my bank card, and continue to roll over the rest. Over the long term, this way, your account will keep growing. ⸻ 6. There are tricks to reading candlesticks • For short-term trading, look at the 1-hour chart: if there are two consecutive bullish candles, consider going long. • If the market is stagnant, switch to the 4-hour chart to find support lines: only consider entering when the price approaches the support level. ⸻ 7. Never fall into these traps! • Don’t use leverage over 10x; beginners should keep it under 5x. • Avoid dog coins and meme coins; they are easy to get wrecked. • Limit yourself to a maximum of 3 trades a day; too many can lead to loss of control. • Absolutely do not borrow money to trade cryptocurrencies!! ⸻ One final piece of advice for you: Trading cryptocurrencies is not gambling; treat it like a job. Show up at set times every day, log off at closing time, eat when you should, and sleep when you should. You will find that your profits become more stable instead.
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