Want to survive in crypto trading for the long term? The simplest method works best: if you don't understand the market, don't touch it! 🙅♀️
Friends, when I first entered the market, I was just as miserable as you! Staying up late every night staring at the charts, my eyes were as strained as a rabbit's, chasing highs and cutting losses, not making any money, losing a lot of hair, and tossing and turning at night unable to sleep, filled with regret!
Later, when I was pushed to my limits, I used the simplest trick: only trade signals I fully understand; for other markets? No matter how tempting, I won't touch them! Hey, guess what? With this “stubbornness,” not only did I survive, but I also started making stable profits! Now I earn over 70%+ annually, relying on real skills, not luck!
Bloodied experience, a life-saving tip for newbies:
Don't mess around during the day; start trading at 9 PM! During the day, information flies everywhere, and it's hard to tell what's real or fake; the market moves erratically, and entering will only lead to losses. I wait until after 9 PM, when the news stabilizes, and the K-line is clean before I can see the direction clearly!
Trust indicators, not your “feelings”! Feeling the urge to jump in? Stop! Before placing an order, check three indicators:
MACD: Golden cross (bullish signal) or death cross (bearish signal)?
RSI: Overbought (might drop) or oversold (might rise)?
Bollinger Bands: Is it contracting (possible reversal) or breaking out?
Key point: at least two of the three must agree before considering a trade!
Set stop-losses! Cut losses quickly; dignity is more important than money! ⛔️ If the direction is wrong? Cut immediately! Hesitate for a second, and your wallet will be thinner!
Simple method: If a single loss exceeds 3% of the principal, you must run!
Made a profit? After floating profits reach 50%, if there's a 20% pullback, quickly run, cash it in for security!
Withdraw every week! Made 5000 U this week? Don't be greedy! Immediately withdraw 1500 U to your bank account, real money in your pocket! Play with the rest. I've seen too many people make several times their investment, only to lose it all in one crash, with no place to cry! Only the money that has been withdrawn is truly yours!
K-line tips:
Trading short-term? Keep a close eye on the 1-hour chart! If the price makes two consecutive bullish candles (up), then consider going long.
Is the market stagnant? Switch to the 4-hour chart to find support! If the price drops near the support line, then think about whether you can catch the bottom