Share some practical tips for the crypto world. Don't panic when entering the market! These 7 operational tips will help you avoid 90% of the pitfalls👇
1. Trading Time: Start after 9 PM
✅ Why? During the day, information is chaotic with many false positives/negatives, and the market behaves like a roller coaster, making it easy to chase highs and sell lows👉 After 9 PM, the information stabilizes, and the K-line is clean, providing clearer direction (proven win rate increases by 30%)
2. Withdraw 30% of your profits
❌ Don't be like a gambler trying to double your money! For example, if you earn 1000U today, immediately transfer 300U to your bank account and continue trading with the remaining 700U💡 Remember: The money in your wallet is real money; the numbers in your account can disappear at any moment
3. Look at 3 indicators, don’t rely on intuition
📱 Install TradingView, and check before making trades: ▪ MACD: Golden cross (bullish) or Death cross (bearish) ▪ RSI: Don’t buy over 70 (overbought), don’t sell below 30 (oversold) ▪ Bollinger Bands: Narrowing (indicates a trend change) or breaking the upper/lower bands (follow the trend) ✅ Enter the market only if at least 2 indicators align in the same direction!
4. Apply stop losses in 2 scenarios
👀 If you can monitor the market: If you profit, move your stop loss up. For instance, buy at 1000U, if it rises to 1100U, adjust your stop loss to 1050U (protecting 50U profit) 🚪 If you can't monitor: Set a hard stop loss at 3% (if you buy at 1000U, it sells automatically at 970U)
5. Withdraw every Friday
💼 Every week, transfer 30% of profits to your bank account! Don’t be like those who have “good-looking account numbers but no money to spend.” Keep 70% in your trading account; over time, your principal will grow thicker
6. How to read K-lines?
📊 Short-term (1-hour chart): If there are 2 consecutive bullish candles, you can go long 📉 In a consolidation market (4-hour chart): If it drops near the support line (like previous lows), buy when a small bullish candle appears
7. Never touch these 4 things!
⚠ Don’t leverage more than 50 times (100 times has double the liquidation risk of 50 times) ⚠ Don’t touch Dogecoin, Shitcoin, or other altcoins (90% will eventually go to zero) ⚠ No more than 3 trades a day (the more you trade, the more mistakes you make) ⚠ Absolutely don’t borrow money to trade cryptocurrencies (if you lose, you won’t have a chance to recover)
The last piece of advice:
Don’t treat crypto trading like gambling! Treat it like a job, start at 9 PM, finish at 12 AM, and when the time is up, turn off your computer and do what you should do — you’ll actually make money more steadily.