Ten Years of Cryptocurrency Trading Insights from an Old Hand (A Must-Read for Beginners)

1. Don't let impatience lead to rash actions

If the market isn't showing patterns you recognize (like a double-bottom breakout or a surge in volume), prefer scrolling through TikTok rather than placing an order. It's like playing Mahjong; don't force a hand you can't win!

2. Watching the market at night is more reliable

During the day, traders love to play tricks, but after 9 PM, the market is more genuine. I can be more alert watching the market while on the toilet than during the day; during the US market hours (9 PM - 2 AM), traders have eaten their fill and are too lazy to put on a show.

3. Lock in profits as soon as you earn

Made 1000 USDT? Transfer 300 to your bank account first! Play with the rest. I've seen too many people earn enough for a Benz but refuse to stop, only to end up losing their pants.

4. Wait for at least two indicators before making a move

Install TradingView on your phone. Before placing an order, you must check three indicators: MACD golden cross and dead cross, RSI overbought and oversold, and Bollinger Bands contracting or expanding. Only buy when at least two indicators agree; don't trust your gut feeling.

5. Be creative with your stop-loss

While at the computer, play with “trailing stop-loss”: if you earn 100 USDT, raise your stop-loss line by 50 USDT. When taking your dog out, set a hard stop-loss at 3%; you won’t fear the trader smashing the market at midnight.

6. Always distribute profits every Friday

No matter if you earn 10,000 or 1,000, transfer 30% to your bank account promptly at 3 PM every Friday. I have a “life-saving account” on Alipay that I never touch.

7. Watching candlestick charts is like binge-watching a series

If you want to make quick money, focus on the 1-hour chart; if you see two consecutive bullish candles, go for it. When faced with sideways markets (like constipation), switch to the 4-hour chart to find support levels, just as accurately as looking for restroom signs.

8. These pitfalls will lead to disaster

Leverage over 10x = a death wish (beginners should practice with 3x)

Shitcoins and dog coins are just reaping tools for the greedy

Limit yourself to a maximum of 3 trades per day; if you can't stop, you're doomed

Borrowing money to trade? It's better to donate directly to the Red Cross!

Remember:

Treat this like a job; when it's time, shut down the computer and spend time with your wife and kids.

The more relaxed you are, the fatter your wallet will be. I now only watch the market for 2 hours a day; the rest of the time, I fish and stroll around, and the money will come to me!

(Core logic: Using the simplest language to convey the most practical experience; if beginners follow this, they can reduce losses by 50%)

For the upcoming market direction, I plan to guide everyone in finding those profitable opportunities in altcoins, with expected returns multiplying by 10 not being a problem. Like and leave a message, and I'll help you all navigate the entire bull market!