Dedicated to all the newcomers still struggling in the crypto world.
1. Try to trade after 8 PM.
Stop busying yourself during the day; the news is chaotic, with shorts and longs clashing, and price fluctuations are like cramping. The truly clean and clear trend often appears after 9 PM, especially during the transition period of the European and American markets. Once the direction is clear, it tends to move more smoothly.
2. When you make money, the first thing to do: cash out.
The biggest problem in the crypto world is not the inability to make money, but rather the failure to take profits. Every time my account increases by 1000 USDT, I immediately withdraw 400 USDT to my bank account and let the rest continue to roll. Why? Because the money withdrawn is real; the numbers in the account are just digits.
Too many people want to double their 10,000 USDT, but end up losing their principal after a retracement.
3. Look at the candlestick chart, not at your feelings.
In crypto trading, relying on 'feelings' is the biggest taboo; it can lead to disaster. My suggestion: install TradingView on your phone, and look at these three indicators: MACD, RSI, and Bollinger Bands. Only open a position when at least two signals agree. Don't look at the five-minute short cycle; for short-term trades, look at the 15-minute and 1-hour charts. For trends, look at the 4-hour chart. For example, if I am going long on ETH, I will only follow if it has been strong above the middle band for two consecutive hours. If it's sideways, check if there is a support point on the 4-hour chart and enter when it approaches support.
4. Stop-loss must be flexible.
Many people set mechanical stop-loss orders, and they get wiped out by the market makers. I suggest two methods: If you can monitor the market, raise the stop-loss dynamically (for example, if you open at 1000 and it rises to 1100, raise the stop-loss to 1050); if you are out and can't monitor the market, set a hard stop-loss at 3% to guard against market makers’ manipulation. A stop-loss is not a shame, but a ticket to survival.
5. You must withdraw profits at least once a week; this is a habit I developed early on.
Every Friday, without fail, I withdraw 30% of my profits. No matter how much I earn, I first withdraw from my account to my bank account before considering the next step of rolling the position. If you stick to this for three months, you'll find that you've finally broken free from the cycle of repeatedly returning to zero.
#我的交易风格 #BTC #ETH #BNB