I used the dumbest method, and my win rate is almost 100% (must-see survival tips for cryptocurrency traders)
When I first started trading cryptocurrencies, I stayed up late every night, watching the market and chasing prices up and down, losing sleep over my losses. Later, I insisted on using just one dumb method, and surprisingly, I survived and slowly began to stabilize my profits.
Looking back now, this method, although dumb, is effective: "If I don't see a familiar signal, I will not act!"
I would rather miss out on opportunities than make random orders.
With this iron rule, I can now stabilize my annual return rate at over 70%, and I no longer have to rely on luck to survive.
Here are a few survival tips for beginners, all based on my real trading experience:
1. Make trades after 9 PM
During the day, the news is too chaotic, with all kinds of false positives and negatives flying around; the market jumps up and down like a fit. It’s very easy to get tricked into entering the market.
I generally wait until after 9 PM to operate; by then, the news is basically stable, the candlestick charts are cleaner, and the direction is clearer.
2. Look at indicators, not feelings
Don't trade based on feelings.
Before making a trade, check these indicators:
MACD: Is there a golden cross or a death cross?
RSI: Is it overbought or oversold?
Bollinger Bands: Is there a contraction or a breakout?
At least two of the three indicators must give consistent signals before considering entering the market.
4. Stop-loss: Dignity is more important than money
⛔️ "If the direction is wrong, cut immediately; hesitation for one second equals a 10% loss."
Fixed stop-loss method: 3% of the principal is the red line.
Dynamic stop-loss method: After a 50% profit, a 20% pullback must be exited.
5. Withdraw funds on time every week
For example, if you earned 5000 U this week, don’t always think about doubling it! I suggest you withdraw 1500 U to your bank account immediately and continue to play with the rest.
I've seen too many people who "made 3-5 times" their investment, only to lose it all in one pullback. Let the rest continue to roll. Over time, this way, your account will keep getting thicker.
6. There are tricks to reading candlesticks
For short-term trading, look at the 1-hour chart: if the price has two consecutive bullish candles, then consider going long. #Bitcoin and U.S. tariff policy
If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering the market when it drops near the support level.
Strong recovery, doubling assets! Keep up with the rainy days, plan ahead, and easily reap big profits.
Continued attention: ALT ZKJ BID
