I relied on a 'foolproof method' to stabilize my annualized return at 50% from the brink of liquidation!
When I first started trading cryptocurrencies, I was like many others:
Staying up late to watch the market, chasing highs and selling lows, my account turns red three times a day, I can't sleep or eat, and I'm dreaming about cutting losses.
Later, I gritted my teeth and stuck to a 'foolproof method':
✅ 'If I don't see familiar signals, I absolutely won't act!'
I would rather miss out on the market than make random trades!
With this iron rule, I can now maintain an annual return of over 50%, and I no longer have to rely on luck to get by.
If you're new to the crypto world or still teetering on the edge of liquidation every day, you must save the following advice gained from real losses:
🔻 1. Trade after 9 PM to avoid daytime 'emotional trading'.
There are too many messages during the day, and it's hard to discern truth from lies, making it easy to chase highs and sell lows.
I usually start trading after 9 PM; at that time, the market sentiment stabilizes, the K-line patterns are clearer, and the win rate is higher.
💰 2. Take profit once you earn; don't fantasize about doubling your money.
For instance, if you earned 1000U today, immediately withdraw 300U back to your bank card!
Continue to roll over the remaining. Don't fantasize about 'earning three times and then five times'; when the market turns, all previous efforts will be in vain. I've seen too many such examples.
📊 3. Look at the 'indicators', not 'feelings'!
Before making a trade, you must look at three core indicators:
MACD: Is there a golden cross/death cross?
RSI: Is it overbought/oversold?
Bollinger Bands: Is it narrowing or breaking the boundary?
✅ At least two out of three indicators must give a consistent direction before considering entry.
❌ Those who trade based on 'feelings', it's just a matter of time before you get liquidated!
🛡 4. Stop-loss settings: flexible + strict.
If you can monitor the market, remember to 'set stop-losses' to lock in profits after making gains.
For example: buy price 1000, rise to 1100, then raise the stop-loss to 1050.
If you can't monitor the market, make sure to set stop-losses before going out!
Advice: set a default stop-loss of 3% to avoid sudden crashes taking everything.
💸 5. You must withdraw profits at least once a week!
Unwithdrawn money = a virtual number game!
Every Friday, I consistently withdraw 30% of profits to my bank card; in the long run, this strategy effectively accumulates capital and helps maintain a stable mindset.
🔍 6. There are skills to reading K-lines; beginners should follow this.
For short trades: look at the 1-hour chart.
Two consecutive bullish candles = can try a small long position.
In a sideways market: switch to a 4-hour chart to find support levels.
Consider entering only when it touches the support level; don't jump in early and get hurt!
❌ 7. The most common pitfalls for beginners (don't make these mistakes again).
Leverage should not exceed 10 times; beginners are advised to keep it within 5 times.
Don't touch Dogecoin or shitcoins like these emotional clones; they will cut you without reason.
Make a maximum of 3 trades a day; if you do more, you will easily get emotional.
Absolutely! Do not borrow money to trade cryptocurrencies!
📌 One last piece of advice for you:
Trading cryptocurrencies is not gambling; treat it like a job, trade on schedule, and shut down at the end of the day. Eat and sleep well.
You will find that the money you make is more stable!
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