In the first few years of trading cryptocurrencies, I, like many others, stayed up late every day watching the market, chasing prices and cutting losses, losing sleep over my losses. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and slowly began to stabilize my profits.
Looking back now, this method, though simple, is effective: "If I don't see the signals I'm familiar with, I won't act!"
Better to miss out on opportunities than to make random orders.
By adhering to this iron rule, I can now consistently achieve an annual return rate of over 50%, and I no longer have to rely on luck to get by.
Here are a few safety tips for beginners, all based on my hard-earned experience from trading:
⸻
1. Make trades only after 9 PM
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around, and the market fluctuates like crazy, making it easy to get trapped.
I usually wait until after 9 PM to trade, when the news is basically stable, and the K-lines are cleaner and the direction clearer.
⸻
2. Take profits immediately
Don't always think about doubling your money! For example, if you made 1000 USDT today, I suggest you withdraw 300 USDT to your bank card immediately, and continue trading with the rest.
I've seen too many people who made three times their investment but wanted five times, and ended up losing everything in a single pullback.
⸻
3. Look at indicators, not feelings
Don't trade based on feelings; that's just guesswork.
Install TradingView on your phone and check these indicators before making trades:
• MACD: Is there a golden cross or a death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a squeeze or a breakout?
At least two of the three indicators must give consistent signals before considering entering the market.
⸻
4. Stop-loss must be flexible
When you have time to watch the market, if you're in profit, manually move your stop-loss up. For instance, if your entry price is 1000 and it rises to 1100, move your stop-loss to 1050 to secure your profit.
But if you have to go out and can't monitor the market, make sure to set a hard stop-loss at 3% to prevent sudden crashes from wiping you out.
⸻
5. You must take profits weekly
Not withdrawing your profits is just a numbers game!
Every Friday, without fail, I transfer 30% of my profits to my bank card, and continue rolling over the rest. Over time, this will make your account thicker.
⸻
6. There are tips for reading K-lines
• For short-term trades, look at the 1-hour chart: if there are two consecutive bullish candles, consider going long.
• If the market is moving sideways, switch to the 4-hour chart to find support lines: consider entering near the support level.
⸻
7. Avoid these pitfalls!
• Don't use leverage over 10 times; beginners should ideally keep it under 5 times.
• Avoid dog coins, meme coins, and other altcoins; they're easy to get wrecked by.
• Limit yourself to a maximum of 3 trades a day; too many can lead to losing control.
• Absolutely do not borrow money to trade cryptocurrencies!!
⸻
One last piece of advice for you:
Trading cryptocurrencies is not gambling; treat it like a job. Clock in and out at regular times, shut down at the end of the day, eat and sleep as needed, and you'll find that your profits will become more stable.
In the first few years of trading cryptocurrencies, I, like many others, stayed up late every day watching the market, chasing prices and cutting losses, losing sleep over my losses. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and slowly began to stabilize my profits.
Looking back now, this method, though simple, is effective: "If I don't see the signals I'm familiar with, I won't act!"
Better to miss out on opportunities than to make random orders.
By adhering to this iron rule, I can now consistently achieve an annual return rate of over 50%, and I no longer have to rely on luck to get by.
Here are a few safety tips for beginners, all based on my hard-earned experience from trading:
⸻
1. Make trades only after 9 PM
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around, and the market fluctuates like crazy, making it easy to get trapped.
I usually wait until after 9 PM to trade, when the news is basically stable, and the K-lines are cleaner and the direction clearer.
⸻
2. Take profits immediately
Don't always think about doubling your money! For example, if you made 1000 USDT today, I suggest you withdraw 300 USDT to your bank card immediately, and continue trading with the rest.
I've seen too many people who made three times their investment but wanted five times, and ended up losing everything in a single pullback.
⸻
3. Look at indicators, not feelings
Don't trade based on feelings; that's just guesswork.
Install TradingView on your phone and check these indicators before making trades:
• MACD: Is there a golden cross or a death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a squeeze or a breakout?
At least two of the three indicators must give consistent signals before considering entering the market.
⸻
4. Stop-loss must be flexible
When you have time to watch the market, if you're in profit, manually move your stop-loss up. For instance, if your entry price is 1000 and it rises to 1100, move your stop-loss to 1050 to secure your profit.
But if you have to go out and can't monitor the market, make sure to set a hard stop-loss at 3% to prevent sudden crashes from wiping you out.
⸻
5. You must take profits weekly
Not withdrawing your profits is just a numbers game!
Every Friday, without fail, I transfer 30% of my profits to my bank card, and continue rolling over the rest. Over time, this will make your account thicker.
⸻
6. There are tips for reading K-lines
• For short-term trades, look at the 1-hour chart: if there are two consecutive bullish candles, consider going long.
• If the market is moving sideways, switch to the 4-hour chart to find support lines: consider entering near the support level.
⸻
7. Avoid these pitfalls!
• Don't use leverage over 10 times; beginners should ideally keep it under 5 times.
• Avoid dog coins, meme coins, and other altcoins; they're easy to get wrecked by.
• Limit yourself to a maximum of 3 trades a day; too many can lead to losing control.
• Absolutely do not borrow money to trade cryptocurrencies!!
⸻
One last piece of advice for you:
Trading cryptocurrencies is not gambling; treat it like a job. Clock in and out at regular times, shut down at the end of the day, eat and sleep as needed, and you'll find that your profits will become more stable.#我的交易风格 #GENIUS稳定币法案 #美联储FOMC会议 #Solana现货ETF竞赛 #币安HODLer空投SPK