When I first started trading cryptocurrencies, like many beginners, I stayed up all night watching the market, chasing highs and cutting losses, losing sleep for nights on end. Later, I stubbornly held on to a 'simple rule', and surprisingly, I slowly survived; now my annual return rate is consistently over 50%, and I no longer have to rely on luck.

This rule is very simple: don't act unless familiar signals appear! It's better to miss ten market opportunities than to randomly open a position—sharing 7 life-saving suggestions learned from real losses, beginners must take note:

1. Choose the right time, avoid 80% of pitfalls

Don't trade recklessly during the day! Daytime news is like a market, fake good news and fake bad news are everywhere, and the market fluctuates wildly, all of it is 'scamming'. I only place orders after 9 PM when the news settles, and the K-lines are clean, making the direction clear at a glance.

2. Don't be greedy when making money; cashing out is what counts as yours

Don't fantasize about 'doubling your money isn't enough, you have to make ten times'! For example, if you made 1000U today, immediately withdraw 300U to your bank account (remember, money not withdrawn is just a number). I've seen too many people who 'want to triple their money to five times' only to lose it all back after a pullback.

3. Speak with indicators, don't rely on 'feelings' to gamble

Before placing an order, check these three indicators on TradingView:

• MACD: Golden cross/death cross signals

• RSI: Overbought/oversold zones

• Bollinger Bands: Squeeze/breakout patterns

At least two indicator signals must align before considering entry. Placing orders based on feelings? That's just giving money to the market.

4. Stop losses must be 'active', profits must be locked

• While watching the market: if you make a profit, manually move the stop loss up! For example, if you bought at 1000 and it rises to 1100, move the stop loss to 1050 to lock in profits.

• When unable to watch the market: set a 3% hard stop loss, no matter how crazy the market gets, cut losses if it drops below, to prevent sudden crashes.

5. Withdraw funds weekly to keep the account 'thick'

Every Friday, without fail, I transfer 30% profit to my bank account. The market fluctuates, but only the money in hand is truly yours. Consistent long-term effort will make your account grow like a snowball.

6. 'Lazy' techniques for reading K-lines

• For short-term trades (1-hour chart): two consecutive bullish candles signal to go long; two consecutive bearish candles, don’t touch.

• In a volatile market (4-hour chart): find support lines, enter near the support level for a higher win rate.

7. 'Death traps' to avoid

• Don't use leverage over 10x; beginners should use a maximum of 5x (leverage is a tool, not a life gamble).

• Stay away from Dogecoin and shitcoins; they are heavily manipulated and not suitable for ordinary people.

Trading cryptocurrencies is not gambling; treat it like a '9 to 5 job': execute trades on time, set stop losses and take profits on time, withdraw and rest on time. The market rewards calmness and discipline, not 'hardworking' gamblers.

I am Xiao Wai, from huge losses to stable profits, relying on these simple methods. If you want to avoid detours, save this article, follow along, and only by surviving do you qualify to make money.