Treat trading cryptocurrency as a regular job, and you will outlast 80% of people
In the early years of trading cryptocurrency, I also ran around aimlessly: chasing price increases and drops, staying up late to watch the market, and losing sleep after losses.
Later, I gritted my teeth and focused on one thing: don't act unless you have familiar signals!
As a result, I gradually survived and was able to consistently earn over 50% annually. Most importantly—I've finally stopped relying on luck to survive.
This approach isn't complicated; simply put: treat cryptocurrency trading like a job, operate at set times each day, and avoid unnecessary chaos.
Here are a few hard-earned tips for beginners, each one to the point:
1. Don't start trading after 9 PM
During the day, various rumors fly around, there are plenty of false messages, and the candlestick chart is as chaotic as a storm.
I usually place orders after 9 PM; by that time, the direction is clearer and the signals are stable.
2. Withdraw profits immediately
Don't think about multiplying your earnings; if you make $1000 in a day, withdraw $300 to your bank account first, and then play with the rest.
Many people earn three times and want to make it five times, but when a correction occurs, they end up clearing all profits and working for nothing.
3. If it feels like poison, rely on indicators
Before entering a trade, look at these three indicators:
MACD (Golden Cross / Death Cross)
RSI (Overbought / Oversold)
Bollinger Bands (Squeeze / Breakout)
At least two out of the three should resonate before considering entry. Otherwise, it’s better to stay out.
4. Know how to use stop-loss
If you can keep an eye on the market, dynamically raise the stop-loss to protect profits;
If you need to step out, set a direct 3% hard stop-loss to prevent sudden market crashes from wiping everything out.
5. Withdraw profits weekly, or it’s just a dream
Every Friday, I consistently withdraw 30% of profits into my bank account; accounts without withdrawals are just numerical illusions.
Only cashing out counts as profit.
6. Don't rely on 'market feel' to read the candlestick chart
For short-term trades, look at the 1-hour chart: if there are two consecutive bullish candles, consider going long.
Is the market sideways with no direction? Switch to the 4-hour chart to find support, and buy when it hits the target.
7. Avoid these pitfalls, and you can survive longer
Don’t leverage more than 10x; beginners should use a maximum of 5x.
Stay away from shitcoins and meme coins; don’t be a cash cow for the market.
Limit yourself to a maximum of 3 trades a day; the more trades you make, the easier it is to lose control.
Most importantly: never borrow money to trade cryptocurrencies!
In cryptocurrency trading, it's not about who makes money the fastest; it's about who can survive the longest.
Don’t think of yourself as a gambler; first, be a disciplined 'worker'.
Follow along as I help you navigate the cryptocurrency world with a 'normal mindset'. Build wealth steadily, without relying on luck.