Let me share my practical experience with you. This will help you avoid some pitfalls, so beginners should read carefully.
When I first started trading cryptocurrencies, like many others, I watched the news during the day and stayed up at night to monitor the market, chasing highs and cutting losses, and I hardly ever had a good night's sleep.
At that time, my emotions were very intense; if I made money, I was afraid of losing it back, and if I lost money, I was unwilling to accept it, always wanting to recover with the 'next trade'. The result was that my account kept shrinking, and my emotions grew more unstable.

Until later, I forced myself to change my mindset and treat trading cryptocurrencies as a 'job': opening the market on time every day, reviewing regularly, executing according to strategy, not relying on feelings or chasing trends. Gradually, I stabilized my rhythm. Although the returns are not as exciting now, they are consistently stable, and I can control the annualized return to about 50%.

I summarize a few experiences I整理后的经验, share with beginners who just entered the market—these are truly lessons learned from real trading losses:

1. Start trading after 9 PM
During the day, the news is chaotic, and the market is easily swayed by news, especially with a lot of false information.
I prefer to wait until after 9 PM to check the market; by then, the news has mostly settled, and the technical analysis is clearer. For me, this makes operations more rational and increases the win rate.

2. Take some profits out once you make money
Don’t fantasize that every trade can double your investment. For example, if I make 2000 USDT today, I will directly withdraw 500 USDT to my bank card and continue compounding the rest.
The inability to control the desire to 'make a little more' is the root cause of many people losing their gains.

3. Use indicators to make decisions, not feelings
Feelings are the least reliable basis for decision-making.
I use TradingView to look at three things:
MACD to see if there is a golden cross/dead cross
RSI to check for overbought/oversold conditions
Bollinger Bands to see if there are squeeze/breakout signals

Only consider entering if two or more signals are consistent; otherwise, I prefer to wait.

4. Stop-loss and take-profit should go hand in hand
If I'm monitoring the market and profits are rising, I will manually adjust the stop-loss price upwards to lock in some gains.
But if I have to step out and can't watch the market, I will set a fixed stop-loss of 3% to avoid sudden market movements wiping out my profits.

5. Withdraw profits regularly
Money that isn’t withdrawn is just a number. Every week, I will transfer 30% of my profits to my bank card, and the rest will continue to roll over.
This habit is very important; otherwise, even if you make money, you might end up with nothing at the end.

6. Don’t switch K-line charts randomly
When day trading, I only look at the 1-hour chart: if two consecutive bullish candles appear, I pay attention to long opportunities.
If the market is directionless, I will switch to the 4-hour chart to find key support/resistance levels before deciding whether to enter.

7. Avoid danger zones (remember this)
Don’t use leverage over 10 times; beginners should control it within 5 times.
Don’t touch those altcoins or 'shitcoins', as they can cut you deep.
Limit yourself to a maximum of 3 trades per day; frequent trading can lead to losing control.
Never borrow money to trade cryptocurrencies, never!

The last sentence:
Trading cryptocurrencies is not about impulse and luck.
If you can treat it like a job—with discipline, a plan, and stop-loss/take-profit strategies—making money in the long run can actually be easier.

If you are still confused, the same news and the same price increase, prioritize your fan group.

The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and adopt a robust strategy to cope with market changes!

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