Treat trading as a job, clock in and out on time every day.
In the first few years of trading, I was like many others, staying up late watching the market, chasing trends, and losing sleep over losses. Later, I stubbornly stuck to a basic method and surprisingly survived, slowly starting to make stable profits.
Looking back now, this method is simple but effective: 'If I don't see familiar signals, I won't act!'
I would rather miss the opportunity than make random trades.
With this iron rule, my annual return can now stabilize above 50%, and I no longer have to rely on luck to survive.
Here are some life-saving tips for beginners, all based on my real trading experiences:
1. Only trade after 9 PM.
Daytime news is too chaotic, with various false positives and negatives flying around, causing the market to fluctuate unpredictably, making it easy to get tricked into trading.
I usually wait until after 9 PM to operate; by then, the news is generally stable, and the K-lines are cleaner, with clearer direction.
2. Take profit immediately.
Don't always think about doubling your money! For example, if you made 1000U today, I suggest you immediately withdraw 300U to your bank card and continue trading with the rest.
I've seen too many people who think 'I made three times and want five times', only to lose everything on a single pullback.
3. Look at indicators, not feelings.
Don't trade based on feelings; that's just guessing.
Install TradingView on your phone and check these indicators before trading: · MACD: Is there a golden cross or a death cross? · RSI: Is it overbought or oversold?
· Bollinger Bands: Is there a squeeze or a breakout?
At least two out of the three indicators must give a consistent signal before considering entry.
4. Be flexible with stop losses.
When you have time to monitor the market and you've made profits, manually adjust your stop loss up. For example, if the buying price is 1000 and it rises to 1100, move the stop loss to 1050 to secure profits.
But if you need to go out and can't monitor the market, set a hard stop loss of 3% to protect against sudden crashes.
5. You must withdraw funds weekly.
The money that is not withdrawn is just a numbers game!
Every Friday without fail, I transfer 30% of the profits to my bank card, and the rest continues to roll over. Over time, this will make the account thicker and thicker.
6. There are tips for reading K-lines.
· For short-term trading, look at the 1-hour chart: If the price has two consecutive bullish candles, consider going long.
· If the market is stagnant, switch to the 4-hour chart to find support lines: Consider entering the market when it approaches the support level.
7. Absolutely avoid these pitfalls!
· Do not use leverage greater than 10x; beginners should keep it within 5x. · Avoid coins like Dogecoin and Shitcoin; they are easy to get wrecked. Limit yourself to a maximum of 3 trades a day; too many can lead to emotional trading. · Never borrow money to trade!
Trading is not gambling; treat it like a job. Go to work at regular hours, switch off the computer when it's time, eat when it's time, and sleep when it's time. You'll find that you earn more steadily and get closer to 10 million.
#加密市场反弹 #币安HODLer空投NEWT #币安钱包TGE #Strategy增持比特币
Click on the avatar to follow Ziheng for a quick start and to understand the information gap, gaining firsthand news and in-depth analysis, and continuously share more money-making methods!
