9 Years of Cryptocurrency Trading: A Few Genuine Suggestions for Those Still Struggling
After 9 years of trading, from liquidation to insomnia, and now steadily earning over 50%+ every year, I truly understand the feeling of being repeatedly worn down by the market. This is not a masterclass, just the survival insights of an old trader.
6 Trading Habits That Helped Me Survive
Only seriously look at the market after 9 PM
During the day, it’s all noise, with various false breakouts and misleading trends. By the time the European and American sessions overlap, the trend becomes clear; that’s when to act, and the success rate is much higher.
Withdraw a portion of the profits first
Account up by 1000 USDT? Transfer 400 USDT to your bank card first. This isn’t being timid; it’s a reminder to yourself: only the money in hand is real, the numbers on the screen could go back to zero at any time.
Don’t rely on feelings, rely on rules
MACD + RSI + Bollinger Bands, if the signals are inconsistent, wait; if it’s sideways, observe. For short-term, look at the 1-hour candlestick, for trends, look at the 4-hour chart; don’t let emotions dictate your trades.
Be ruthless with stop-losses, but don’t be rigid
If you can monitor the market, dynamically adjust your stop-loss; if you can’t, set a hard stop-loss at 3%. You can make many mistakes, but as long as you control your losses, you will always have a chance to turn it around.
Every Friday, force yourself to withdraw
No matter how much you earn, withdraw at least 30% of your profits. Stick to this habit, and you will find yourself slowly breaking out of the cycle of 'earning and then losing it back.'
A Few Painful Lessons
Don’t use leverage over 10x (for beginners, 3-5x is sufficient)
Open a maximum of 3 positions in a day; more than that will lead to chaos
Don’t touch those altcoins with no fundamentals, purely driven by market manipulators
Never borrow money to trade cryptocurrencies; life is more important than getting rich quickly
One last heartfelt truth
In this market, only those who survive have the right to talk about making money. Don’t think about getting rich overnight; be steady and slow, your opportunity will come eventually.