From being liquidated to stable profits, what I relied on was not technique but discipline!
When I first entered the market, like many beginners, I was always staring at the screen, chasing every rise and fall, and as a result, my account kept getting smaller.
It wasn't until one day that I realized that surviving in this market is a hundred times more important than making money quickly.
So I summed up a simple method:
Only trade what you understand. Now my trading is quite boring, often opening only two or three trades in two or three days.
But it is this kind of stubbornness of 'better to miss than to make a mistake' that allowed me to slowly build my account. You must remember that this market is not lacking in opportunities, but in patience.
Here's a life-saving tip for beginners!
After 9 PM is the golden time; the volatile market movements during the day are traps. Only when the European and American markets open does the trend become more real.
If you make money in this market, be sure to withdraw one-third first. I have seen many people lose all their profits; don't repeat their mistakes!
MACD golden cross + RSI oversold + Bollinger Bands squeeze, at least two of these three indicators need to confirm as entry signals. Trading based solely on feelings? That's just giving money to the market makers.
You must learn to move your stop-loss. If you are in profit, move your stop-loss up. Before going to bed, make sure to set your stop-loss; otherwise, tomorrow the point will still be the same, and your position will be gone!
Remember to withdraw every Friday; this is like giving yourself a salary! Remember, the money left in your account is just a string of numbers! Only the money in your pocket is real money.
I have also fallen into many traps, and now I share them with you.
Using leverage over 10 times is equivalent to self-destruction; even 5 times is too much. Cryptocurrencies like Dogecoin are just tools for cutting retail investors.
If you trade more than three times a day, you will basically start to lose. Also, never, ever borrow money to trade cryptocurrencies!!
My biggest insight about cryptocurrency over the years is: it's not about who makes money faster, but about who lasts longer. As long as you treat trading like a job, clock in and out, eat and drink as you should, after some time, you will realize that stable profits are not difficult.
Like and follow, after reading carefully, take the time to understand. Achieving stable gains should not be a problem. A successful person, no matter the field, must first possess the basic qualities and potential of a successful individual, and then specialize in their trade. If you continuously record and apply what you learn, the path to enlightenment will not be very bumpy. After all, when I first entered the cryptocurrency space, I had no references, so I hope everyone can also gain wisdom in life; let us encourage each other!
I hope this article helps you!
