Treat trading coins like a job, clock in and out on time every day.
In the early years of trading, like many others, I stayed up late every night, chasing highs and cutting losses, losing sleep over it. Eventually, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and even started stabilizing my profits.
Looking back now, while this method was simple, it worked: 'If I don't see signals I'm familiar with, I absolutely won't act!'
It's better to miss a market opportunity than to make random trades.
Thanks to this ironclad rule, I can now maintain an annual return rate of over 50%, and I no longer have to rely on luck to survive.
Here are a few safety tips for beginners, all learned through my own losses:
1. Make trades after 9 PM.
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around; the market jumps around like it's having a fit, making it easy to get tricked into trading.
I usually wait until after 9 PM to make trades. By then, the news is fairly stable, and the candlesticks are cleaner, with clearer direction.
2. Cash out as soon as you make a profit.
Don't always think about doubling your money! For example, if you made 1000 USD today, I suggest you immediately cash out 300 USD to your bank card and continue playing with the rest.
I've seen too many people who made three times their money but then lost it all on one pullback.
3. Look at indicators, not feelings.
Don't trade based on feelings; that's just blind gambling.
Install TradingView on your phone and check these indicators before trading:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a squeeze or breakout?
Consider entering the market only if at least two of the three indicators give consistent signals.
4. Stop-loss must be flexible.
When you have time to monitor the market, if you're in profit, manually move the stop-loss price up. For example, if the entry price is 1000 and it rises to 1100, move the stop-loss to 1050 to secure profits.
However, if you have to go out and can't monitor the market, set a hard stop-loss at 3% to prevent a sudden crash from wiping you out.
5. Must cash out weekly.
Not cashing out is just a numbers game!
Every Friday without fail, I transfer 30% of my profits to my bank card, and continue to roll over the rest. Over time, this will thicken your account.
6. There are tricks to reading candlesticks.
• For short-term trading, look at the 1-hour chart: If there are 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. Never fall into these traps!
• Don't leverage more than 10 times; beginners should keep it within 5 times.
• Avoid meme coins like Dogecoin and Shitcoin; you can easily get wrecked.
• Limit yourself to a maximum of 3 trades a day; too many can lead to losing control.
• Absolutely do not borrow money to trade coins!!
Here's a final piece of advice for you:
Trading coins is not gambling; treat it like a job. Show up and clock in and out at regular times, eat when it's time, sleep when it's time, and you'll find—oddly enough—your trading will become more stable.
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