When I first started trading coins, like many others, I watched the news during the day and stayed up late to watch the charts, chasing highs and cutting losses, and I hardly ever had a good night's sleep. At that time, emotions were running high; I was afraid of losing gains when I made money and unwilling to accept losses, always wanting to recover with the 'next order.' The result was that the account got smaller and emotions crumbled.
Until later I forced myself to change my mindset and treat trading coins as a 'job': opening the market on time every day, reviewing regularly, executing according to strategy, not relying on feelings, and not chasing hot spots. Gradually, I stabilized my rhythm, and now although the earnings are not so thrilling, they are steady and consistent, with an annual return controlled at around 50%.
Here are a few experiences I've整理 after stepping on some pits in my own practical experience, shared with newcomers—these are truly lessons learned from real losses:
1. Do not act after 9 PM
During the day, the news is chaotic, and the market is easily influenced by news, especially with a lot of false news.
I am used to waiting until after 9 PM to look at the charts; by that time, the news has mostly settled, and the technical aspects are clearer. For me, operations are more rational and have a higher win rate.
2. Take out a portion when you make a profit
Don’t fantasize that every order can double. For example, if I make 1000 U today, I will directly withdraw 300 U to my bank account, while the rest continues to compound.
Unable to control the desire to 'earn a little more' is the root cause of many people losing it back.
3. Let the indicators speak, not relying on 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/death cross
RSI to see if there is overbought/oversold
Bollinger Bands to see if there is a contraction/breakout signal
Only consider entering the market if two or more signals agree; otherwise, I'd rather wait.
4. Stop loss and take profit must be paired
If I'm watching the market and profits come in, I will manually adjust the stop loss price up to lock in some gains.
But if I have to step out temporarily and can’t watch the market, I will set a fixed stop loss at 3% to avoid a sudden market crash.
5. Withdraw fixed amounts weekly
Money that isn't withdrawn is just a number. Every week I will transfer 30% of the profits to my bank account, and the rest continues to compound.
This habit is very important; otherwise, even if you make money, you might end up with nothing.
6. Don't switch charts randomly
When doing short-term trading, I only look at the 1-hour chart: if two bullish candles appear consecutively, 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. Danger zones (must remember)
Leverage should not exceed 10 times; beginners should control it within 5 times.
Don't touch those altcoins or junk coins; one wave can cut you to the bone.
At most operate three times a day; frequent ordering can easily lead to loss of control.
Never borrow money to trade coins, never!
The last sentence:
Trading coins is not reliant on impulse and luck.
If you can treat it like a job, with discipline, planning, and setting take profits and stop losses, making money in the long run can actually be easier.
