From initially losing sleep over losses to now consistently making 50% profit each year,
all thanks to a simple method: I'd rather miss ten opportunities than make a hasty trade.
Here are a few heartfelt suggestions for newbies just entering the circle:
The golden hour starts after 9 PM
During the day, the market is flooded with news and prices fluctuate wildly.
At night, it’s quiet and the trends are clear; with the U.S. stock market open, it’s easier to see the direction.
The key is to put money in your pocket; for example, if you make 1500U,
withdraw 500U immediately to your bank account and play with the rest.
Don’t be greedy. I’ve seen too many people earn and keep trading, only to end up losing both their profits and their capital.
Look at indicators, not just feelings
Install TradingView on your phone,
before making a trade, check the MACD golden crosses and dead crosses, and RSI overbought/oversold conditions.
At least two indicators should signal the same direction before you act; don't just rely on gut feelings.
Be flexible with stop-lossesWhen monitoring the market, if you’re making money, move your stop-loss price up (for example, from 1000 to 1100); don’t let the system automatically trigger a stop-loss.
However, if you’re going 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% of my profits to my bank account every Monday, and only then do I continue to reinvest the remaining funds.
Understanding candlesticks is key; for short-term trading, focus on the 1-hour chart;
if the price rises for two consecutive hours, go long; if it’s consolidating, switch to the 4-hour chart to find support levels and enter when it approaches.
Avoid these pitfalls:
Don’t use leverage greater than 10 times (newbies should stay within 5 times).
Avoid dog coins, shit coins, and other altcoins; limit yourself to a maximum of three 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 shut down, eat and sleep as needed, and the money will come more steadily.
