When I first started trading, like many others, I monitored news during the day and stayed up late watching the market at night, chasing trends and selling at losses, hardly getting a good night's sleep. At that time, my emotions were running high; I was afraid of giving back profits and unwilling to accept losses, always hoping to recover with the 'next trade.' The result was a shrinking account and increasingly crumbling emotions.
Until later, I forced myself to change my mindset and treat trading as a 'job': opening the market on time every day, reviewing regularly, executing according to strategy, not relying on feelings or chasing trends. Gradually, I stabilized my rhythm; although the returns are not as exciting now, they are sustained and stable, with an annualized return of about 50%.
I summarize several experiences I have organized after stepping into pitfalls in my own practical experience, sharing them with newcomers—these are truly lessons learned from real trading losses:
1. Don't start trading until after 9 PM
During the day, news can be chaotic, and the market is easily swayed by news, especially with many false reports.
I am used to watching the market only after 9 PM; by then, the news has basically settled, and the technical aspects are clearer. For me, this makes operations more rational and increases the win rate.
2. Take out a portion once you make a profit
Don't fantasize that every trade can double your money. For example, if I made 1000U today, I would directly withdraw 300U to my bank account and continue to compound the rest.
Being unable to control the desire to 'make a little more' is the root cause of many people losing their gains.
3. Use indicators to make decisions, not feelings
Feelings are the least reliable basis for decision-making.
I use TradingView to look at three things:
MACD: Look for golden cross/death cross
RSI: Look for overbought/oversold conditions
Bollinger Bands: Look for contraction/breakout signals
Only consider entering the market when there are at least two consistent signals; otherwise, it’s better to wait.
4. Stop-loss and take-profit must be coordinated
If I am watching the market and profits come in, I will manually adjust the stop-loss price upwards to lock in some gains.
But if I have to go out and cannot watch the market, I will set a fixed stop-loss at 3% to avoid sudden market movements wiping out my position.
5. Fixed withdrawals every week
Money that is not withdrawn is just a number. Every week I transfer 30% of my profits to my bank account, and the rest continues to roll.
This habit is very important; otherwise, even if you make money, you might end up with nothing.
6. Don't switch charts randomly when looking at candlestick charts
When doing short-term trades, I only look at the 1-hour chart: if two consecutive bullish candles appear, I pay attention to potential long opportunities.
When the market lacks direction, I switch to the 4-hour chart to find key support/resistance levels before deciding whether to enter.
7. Danger zones (must remember)
Leverage should not exceed 10 times; beginners should ideally keep it within 5 times.
Don't touch those altcoins or scam coins; you might get hit hard.
A maximum of 3 trades per day; frequent trading can easily lead to losing control.
Never borrow money to trade; never!
Last sentence:
Trading is not about impulse and luck.
If you can treat it like a job, with discipline,
Having a plan, with take-profit and stop-loss, makes it easier to make money in the long run.
Follow Su Ge closely, use precise strategy analysis, and utilize large-scale AI big data to carefully select, to keep yourself in an invincible position? The market never lacks opportunities; the question is whether you can seize them. By following experienced people and the right individuals, we can earn more!#币安Alpha上新 #GENIUS稳定币法案 #币安Alpha空投SOON
