The dumbest way to trade cryptocurrencies, happily got the Xiaomi SU7 ultra!
From initially losing sleep over losses to now steadily earning 50% every year,
all thanks to a simple method. I prefer to miss ten opportunities than to make a random trade.
Here are a few heartfelt suggestions for newcomers:
After 9 PM is the golden time
During the day, news is everywhere, and prices fluctuate wildly.
At night, it’s quiet, and the trends are clear; with the US stock market opening, it's easier to see the direction.
Key point: put money in your pocket. For example, if you make 1500 U,
immediately withdraw 500 U to your bank account, and play with the rest.
Don’t be greedy; I’ve seen too many people earn but not stop, eventually losing both principal and profit.
Look at indicators, don’t rely on feelings
Install TradingView on your phone,
before placing an order, check the MACD golden crosses and dead crosses, and the RSI overbought and oversold.
At least two indicator signals should agree before taking action; don’t mess around based on feelings.
Be flexible with stop-losses, while watching the market, if you’re making money, adjust the stop-loss price upwards (for example, from 1000 to 1100), don’t let the system automatically stop-loss.
But if you have to go out, set a hard stop-loss of 3% to guard against sudden market crashes.
No matter how much you earn, if you don’t withdraw, it’s just a number! I withdraw 40% profits to my bank account every Monday, and only then do I continue to play with the remaining funds.
Reading K-lines has its tricks, for short-term trading, focus on the 1-hour chart,
if the price rises continuously for two hours, go long; if it’s stagnant, switch to the 4-hour chart to find support levels, and enter when it drops nearby.
Avoid these pitfalls:
Don’t leverage more than 10 times (for beginners, within 5 times)
Don’t touch Dogecoin, Shitcoin, and other altcoins; only make a maximum of 3 trades a day; overtrading can lead to impulsive decisions, and absolutely do not borrow money to trade cryptocurrencies!
Remember, trading cryptocurrencies is not gambling; treat it like a job, clock in at the right time, and turn off your phone; eat and sleep on time, and money will come more steadily.
Uncertain about the market?
