Sharing the blood and tears experience of a veteran in the crypto world who went from countless liquidations to stable profits, given to all the newcomers still struggling in the crypto space.
1. Try to trade after 8 PM
Stop wasting time during the day—news flies around, bears and bulls clash chaotically, and price fluctuations are like cramps. The truly clean and clear trends often appear after 9 PM, especially during the time when the European and American markets overlap. Once the direction is clear, it tends to flow more smoothly.
2. After making money, the first thing: secure your profits
The biggest problem in the crypto world is not that people can’t make money, but that they don’t take their profits. Whenever my account increases by 1000 USDT, I immediately withdraw 400 USDT to my bank account and let the rest continue to grow. Why? Because the money withdrawn is real, while the amount in the account is just a number. Too many people aim to double their 10,000 USDT, and end up losing even their principal after a retracement.
3. Look at the candlestick chart, don’t rely on gut feeling
The biggest taboo in trading is to rely on 'feelings', which can be fatal. My advice: install TradingView on your phone and monitor the MACD, RSI, and Bollinger Bands indicators. Only open a position when at least two signals align. Avoid looking at those short cycles like five minutes; for short-term trading, look at 15 minutes and 1-hour charts, and for trends, use 4-hour charts. For example, when I go long on ETH, I only follow up if it stays strong above the middle band for two consecutive hours. If it’s consolidating, check if there are support points on the 4-hour chart and wait to enter near the support.
4. Stop-loss must be flexible
Many people set mechanical stop-loss orders, which can get wiped out by market makers. I suggest two approaches: when you can monitor the market, dynamically raise your stop-loss (for instance, if you open at 1000 and it rises to 1100, raise your stop-loss to 1050); if you can't monitor the market, set a hard stop-loss at 3% to guard against market manipulations. A stop-loss is not a shame; it’s your passport to survival.
5. Withdraw funds at least once a week; this is a habit I developed early on.
Every Friday, without fail, I withdraw 30% of my profits. Regardless of how much I earn, I first withdraw from my account to my bank account before discussing the next steps for rolling over my positions. If you stick to this for three months, you will find that you finally break free from the vicious cycle of repeatedly going back to zero.
