The hard-earned experiences of a veteran in the cryptocurrency space, from countless liquidation events to stable profits now, shared with all the newcomers still struggling in the crypto world.
1. Try to trade after 8 PM
Stop wasting time during the day when information is chaotic, and shorts and longs are clashing, causing price fluctuations like cramps. The truly clean and clearly trending markets often appear after 9 PM, especially during the transition of the European and American markets. Once the direction becomes clear, it tends to move more smoothly.
2. After making money, the first thing: secure your profits
The biggest problem in the crypto world is not that people can't make money but that they don't cash out once they do. Every time my account increases by 1000 USDT, I immediately withdraw 400 USDT to my bank card and let the rest continue to grow. 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 Because the money withdrawn is real; the numbers in the account are just digits.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, and as a result, they face a pullback and can't even protect their principal.
3. Look at the candlestick chart, not at feelings
The biggest taboo in trading crypto is relying on "feelings"; that's a sure way to lose. My advice: install TradingView on your phone, and watch the MACD, RSI, and Bollinger Bands indicators. Open a position only when at least two signals agree. Don't look at short timeframes like five minutes; for short-term trading, look at 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 in if it stays strong above the middle band for two consecutive hours. If it is in a sideways movement, check the 4-hour chart for support points and wait until it approaches the support area to enter.
4. Stop-loss must be flexible
Many people set a stop-loss mechanically, only to be wiped out by market makers. I suggest two approaches: if you can monitor the market, dynamically raise your stop-loss (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, set a hard stop-loss at 3% to protect against market manipulation. Stop-loss is not a shame but a pass to survive.
5. You must withdraw funds at least once a week; this is a habit I formed early on.
Every Friday, without fail, I withdraw 30% of my profits. Regardless of how much I earn, I first withdraw to my bank card before discussing the next steps for rolling over my positions. If you stick to this for 3 months, you'll find that you have finally broken the cycle of repeatedly returning to zero.
