Here are some life-saving tips for beginners, all based on my firsthand experience of losses:
1. Make trades only after 9 PM
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around, making the market swing erratically like a frenzied person, making it easy to get tricked into trades.
I usually wait until after 9 PM to operate; by then, the news is generally stable, and the candlestick charts are cleaner, with clearer direction.
2. Secure profits immediately
Don't always think about doubling your investment! For example, if you made a profit of 1000 USD today, I suggest you withdraw 300 USD to your bank account right away and continue trading with the rest.
I've seen too many people who 'made three times their investment and wanted five times,' only to lose everything on a single pullback.
3. Look at indicators, not feelings
Don't trade based on gut feelings—that's just random.
Before making a trade, check these indicators:
• MACD: Is there a golden cross or death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a squeeze or breakout?
At least two of these three indicators should give consistent signals before considering entry.
4. Be flexible with stop-losses
When you have time to monitor the market, if you're in profit, manually adjust your stop-loss upward. For example, if your purchase price is 1000 and it rises to 1100, raise the stop-loss to 1050 to secure profits.
But if you need to go out and cannot monitor the market, set a hard stop-loss at 3% to prevent being wiped out by sudden market crashes.
5. Withdraw profits weekly
Profits not withdrawn are just a digital game!
Every Friday, without fail, I transfer 30% of the profits to my bank account, and continue rolling over the rest. Over time, this way, my account will become increasingly substantial.
6. There are tricks to reading candlestick charts
• 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 levels: Consider entering near the support level.
7. Avoid these pitfalls!
• Don’t use leverage over 50x
• Avoid meme coins like Dogecoin and Shitcoin; they are prone to being harvested
• Limit yourself to a maximum of 3 trades a day; too many can lead to losing control
• Absolutely do not borrow money to trade cryptocurrencies
One last thing for you:
Trading cryptocurrencies is not gambling; treat it like a job. Work regular hours, shut down when it's time, eat when it's time, and sleep when it's time, and you will find that—profits will actually be more stable.
Want to double your account, want to make big profits, want to recover losses?
Stay close to the rainy days and position yourself in advance for the main bullish wave of the market!
Keep an eye on: BTC ETH BNB
