1. Trade after 9 PM.
During the day, there's a lot of mixed information, with true and false positive and negative news intertwining, causing the market to fluctuate wildly like a 'windstorm,' making it easy to be misled into trading.
I usually wait until after 9 PM to make a move; by then, the news is generally stable, the candlestick patterns are clearer, and the trend direction is more defined, leading to a much higher win rate.
2. Secure profits immediately after making them.
Don't always fantasize about 'doubling and then doubling again'! For instance, if you make 1000 U on a certain day, I suggest immediately withdrawing 300 U to your bank card and continuing to trade with the remainder.
I've seen too many people 'making three times but wanting five times,' only to give all their profits back with one pullback, or even end up losing money; greed is the greatest enemy of profit.
3. Look at the indicators, don't rely on feelings.
Trading based on 'feelings' is essentially just guessing.
Install TradingView on your phone and focus on these three indicators before trading:
- MACD: Is there a golden cross (bullish) or a death cross (bearish)?
- RSI: Is it in the overbought (possible pullback) or oversold (possible rebound) zone?
- Bollinger Bands: Is it narrowing (likely to break out) or has it effectively broken the band (trend continuation)?
Only consider entering the market when at least two indicator signals are consistent, which can significantly reduce the risk of blind trading.
4. Stop-loss needs to be adjusted flexibly.
When monitoring the market, manually move the stop-loss up after making a profit: for example, if you buy for 1000 yuan and it rises to 1100 yuan, raise the stop-loss to 1050 yuan to secure some profit.
If you need to go out and can't monitor the market, be sure to set a hard stop-loss of 3% to prevent drastic losses from sudden crashes.
5. Withdraw funds weekly.
The numbers in the account that are not withdrawn are just 'game currency'!
I consistently transfer 30% of my profits to my bank card every Friday, and continue to roll over the rest. By sticking to this long-term, I can secure profits and gradually increase the principal in my account.
6. Practical techniques for reading candlesticks.
- For short trades: Focus on the 1-hour chart; if the price closes with two consecutive bullish candles, consider a light long position; if there are two consecutive bearish candles, do the opposite.
- When the market is sideways: Switch to the 4-hour chart to find support levels; if the price approaches support with clear signals, consider entering to avoid being repeatedly harvested in a choppy market.
7. Avoid these pitfalls!
- Don't use leverage over 10x; beginners should ideally keep it under 5x. High leverage is the culprit for 'quickly going to zero.'
- Avoid meme coins like Dogecoin and Shitcoin that have no real value support; they are heavily manipulated by speculators and can easily lead to losses.
One last piece of advice for you:
Trading cryptocurrencies is not gambling; treat it as a disciplined 'job'—operate according to a plan every day, shut down at set times, eat when it's time, sleep when it's time; with a steady mindset, you'll find it easier to make money.
I am an old hand in the crypto circle; follow @加密玖 Crypto Nine. I will guide you to turn small funds into big returns in a bull market, becoming the sharpest knife in the market!
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