The painful experiences of a veteran in the crypto world, from countless liquidation events to now stable profits, are shared with all the newcomers still struggling in the crypto space.
1. Try to trade after 8 PM
Stop wasting time during the day; there are too many conflicting messages, and both bears and bulls are rushing in, causing price fluctuations like a cramp. The truly clean and clearly trending market often appears after 9 PM, especially during the transition period of the European and American markets. Once the direction becomes clear, it tends to flow more smoothly.
2. When you make money, the first thing to do: secure your profits
The biggest problem in the crypto world is not that people cannot make money but that they do not take their profits. Every time my account increases by 1000 USDT, I immediately withdraw 400 USDT to my bank card, and the rest continues to roll over. Why? Because the money withdrawn is real, while the numbers in the account are just digits. Too many people want to double their 10,000 USDT, but one wave of pullback can destroy even their principal.
3. Look at the candlestick chart, not your feelings
It is a taboo in trading to rely on “feelings”; that’s a death sentence. My advice: Install TradingView on your phone and monitor MACD, RSI, and Bollinger Bands. Open a position only when at least two signals align, and don’t look at short time frames like five minutes. For short-term trades, look at 15-minute and 1-hour charts; for trends, look at the 4-hour chart. For instance, if I’m going long on ETH and it stays strong above the middle line for two consecutive hours, I will follow in. If it’s in a sideways trend, I’ll check the 4-hour chart for support points and wait to enter when it approaches support.
4. Stop-loss must be flexible
Many people set mechanical stop-loss orders, which get wiped out by market makers. I suggest two practices: if you can monitor the market, dynamically raise your stop-loss (for example, if you open at 1000, raise the stop-loss to 1050 when it rises to 1100); if you’re out and can’t monitor, set a hard stop-loss at 3% to prevent market makers from crushing the price. A stop-loss is not a shame but a passport to survival.
5. You must withdraw profits at least once a week; this is a habit I developed early on.
Every Friday, without exception, I withdraw 30% of the profits. No matter how much you earn, first withdraw from your account to your bank card, then consider the next position rolling. If you persist with this action for 3 months, you will find that you have finally escaped the vicious cycle of repeatedly going back to zero.
