"Newcomer Must Read! 9 Golden Rules for Trading Without Liquidation, the 5th is the Most Crucial!"
Want to make money trading? Just remember these points! Newcomers can steadily get a new car!
1. Don’t operate blindly
If you don’t understand the market, don’t force it; less trading = less losing money.
2. Trading after 9 PM is more stable
During the day, news is chaotic, prices fluctuate wildly; at night, the market is calmer, making it easier to see the direction.
3. Withdraw a portion of your profits first
For example, if you make 1000 USDT, withdraw 300 USDT to your bank account first, then play with the rest. Greed = losing money!
4. Look at indicators, don’t rely on feelings
MACD golden cross/death cross, RSI overbought/oversold, KDJ turning points; only place orders when at least two signals agree.
5. Must set stop-loss!
If you can monitor the market, manually adjust; if you can’t monitor, set a hard stop-loss at 3% to prevent sudden crashes.
6. Withdraw fixed profits weekly
Money in the account that isn’t withdrawn is just a number; withdraw 30% of profits to your bank account every Friday.
7. There are techniques to reading K-lines
For short-term, look at the 1-hour chart; enter long after two consecutive bullish candles; during sideways movement, switch to the 4-hour chart and wait for support before entering.
8. Avoid these pitfalls!
Don’t use leverage over 5x
Don’t touch junk coins
Max 3 trades a day, don’t get carried away
Absolutely do not borrow money to trade!
9. Trading is not gambling, it’s discipline
Trade like you’re at work, set times for trading, take profits and stop losses at the right time, and rest when needed.
Summary: Trade less, look at indicators, set stop-losses, withdraw profits regularly, don’t be greedy, don’t get carried away.
Follow me to see through the phenomenon to the essence, let’s navigate through bull and bear markets together.
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