If you can help one person, do it! I suggest liking and saving this to avoid losing it later.
1. Make trades after 9 PM
During the day, the news is too chaotic, with all kinds of false positives and negatives flying around; the market moves erratically like it's having a fit, making it easy to be misled into entering.
I usually wait until after 9 PM to trade; by then, the news is generally stable, and the candlesticks are cleaner with clearer direction.
2. Cash out profits immediately
Don't always think about doubling! For example, if you made 1000 U today, I recommend you immediately withdraw 300 U to your bank account and continue playing with the rest.
I've seen too many people who made three times and wanted five times, only to lose everything in a single pullback.
3. Look at the indicators, not just your feelings
Don't trade based on feelings; that's just blind luck.
Install TradingView on your phone and check these indicators before placing an order:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a contraction or breakout?
At least two out of three indicators must give consistent signals before considering entering the market.
4. Stop losses must be flexible
When you have time to watch the market, if you make a profit, manually raise the stop loss price; for example, if the purchase price is 1000 and it rises to 1100, move the stop loss to 1050 to protect your profits.
But if you have to go out and can't watch the market, be sure to set a hard stop loss of 3% to prevent sudden crashes from wiping you out.
5. You must cash out weekly
Non-cash Q is just a number game!
Every Friday without fail, I transfer 30% of my profits to my Y bank card, and I continue to roll over the rest. Over time, this will make the account thicker.
6. There are tricks to reading candlesticks
• For short-term trades, look at the 1-hour chart: if the price shows two consecutive bullish candles, consider going long.
• If the market is moving sideways, switch to the 4-hour chart to find support lines: consider entering when it drops near the support level.
7. Avoid these pitfalls at all costs!
• Don't exceed 50x leverage
• Avoid Dogecoin, shitcoins, and these altcoins; it's easy to get harvested.
• At most, make 3 trades a day; too many can lead to losing control.
• Absolutely do not borrow Q to trade cryptocurrencies
Here's the last piece of advice for you:
Trading cryptocurrencies is not gambling; treat it like a job, clock in and out at regular times, shut down on time, eat and sleep properly, and you'll find that—Q earns more steadily.
