From Nothing to Something 💰 Sharing My Cryptocurrency Trading Insights 🎉
Hello! I’m an old investor who started as a novice in the crypto world and stumbled through it all 😅, here to share my practical experiences – these are lessons learned with real money, hoping to help newcomers avoid some detours! 💪
🌙 1. Trade after 9 PM
There’s too much information during the day, making it easy to be swayed, especially with “fake news” everywhere! 🙈
I’m used to looking at the market after 9 PM, when the news has mostly settled, trends are clearer, trades are more rational, and the win rate is higher! ✨
💸 2. Take out a portion when you profit
Don’t fantasize about getting rich with every trade! For example, if I make 1000 U, I’ll withdraw 300 U to my bank account and let the rest continue to compound.
Control the impulse to “make a little more,” or you may end up giving it all back! 😓
📊 3. Make decisions using indicators, don’t rely on feelings
Feelings are really unreliable! 🙅♂️ Three indicators:
MACD: Golden Cross/Death Cross signals for buying/selling
RSI: Overbought/Oversold to judge market heat
Bollinger Bands: Squeeze/Breakout to find entry points
Only consider making a move if at least two signals align; otherwise, be patient and wait! ⏳
🔒 4. Set profit-taking and stop-loss levels
Market fluctuations can be large, protecting profits is crucial!
While monitoring: If profits increase, I manually adjust the stop-loss price to lock in some gains.
When going out: Directly set a fixed stop-loss of 3% to avoid sudden market reversals! 🚨
🏦 5. Withdraw fixed amounts weekly
Profits that aren’t withdrawn are just numbers! 💻 I transfer 30% of my profits to my bank account every week, and invest the rest.
This habit gives me peace of mind; otherwise, I might end up with nothing! 😞
📈 6. Don’t randomly switch candlestick charts
For short-term trading, I only look at the 1-hour chart: If two green candles appear consecutively, I pay attention to long opportunities.
No clear market direction? Switch to the 4-hour chart, find key support/resistance levels, and then decide! 🎯
⚠️ 7. Beginner’s pitfalls
Don’t use leverage over 5 times; high leverage carries too much risk! 😖
Stay away from unknown small coins; they can easily cut you! 🚫
Limit yourself to a maximum of 3 trades a day; frequent trading can lead to losing control! 😵
Never borrow money to invest; maintaining a calm mindset is the most important thing!
💡 Lastly, I want to say
Trading cryptocurrencies shouldn’t be based on impulse and luck! Treat it like a “job,” set plans, stick to rules, set profit-taking and stop-losses, and over time, making money will be much easier! 🌟
Newcomers, keep a steady mindset, take it slow, and you too can find your rhythm!
