The dumbest method for trading cryptocurrencies, happily acquiring the Xiaomi SU7 Ultra!
From initially losing sleep over losses to now steadily making a 50% profit every year,
all thanks to a simple method. I would rather miss ten opportunities than make a random trade.
Here are a few heartfelt suggestions for newcomers:
The golden hour is after 9 PM
During the day, market news is rampant, and prices fluctuate wildly.
In the evening, it's quiet, trends are clearer, and with the US stock market opening, it’s easier to see the direction.
Key point: Put money in your pocket. For example, if you made 1500U,
immediately withdraw 500U to your bank account and play with the rest.
Don’t be greedy; I’ve seen too many people who earned but couldn’t stop, ultimately giving back both principal and profit.
Look at indicators, not just feelings
Install TradingView on your phone,
before making a trade, take a look at the MACD golden cross and dead cross, and RSI overbought and oversold.
Only act when at least two indicators signal the same, don’t blindly rely on feelings.
Be flexible with stop-losses. When watching the market, if you’ve made money, move your stop-loss price up (for example, from 1000 to 1100); don’t let the system automatically stop-loss.
But if you have to step out, you must set a hard stop-loss of 3% to guard against sudden market crashes.
No matter how much you make, not withdrawing is just numbers! I withdraw 40% of profits to my bank account every Monday, and only let the remaining money continue to grow.
Reading candlesticks has its tricks. For short-term trades, focus on the 1-hour chart,
if the price rises for two consecutive hours, go long; if it’s moving sideways, switch to the 4-hour chart to find support levels, then enter when it drops nearby.
Avoid these pitfalls:
Don’t use leverage over 10 times (newbies should stay within 5 times).
Avoid Dogecoin, Shitcoins, and other altcoins; do a maximum of 3 trades a day, as doing more can lead to impulsiveness. Absolutely do not borrow money to trade cryptocurrencies!
Remember, trading cryptocurrencies is not gambling; treat it like a job. Clock in and out, eat when it’s time, sleep when it’s time, and money will actually come more steadily.
Uncertain about the market?
