Because I understand—only those who can survive in the crypto world are qualified to talk about making money.
By sticking to this, my annual return rate can remain stable above 50%, not relying on all-in bets or gambling on market trends, but solely on recognizing trends and adhering to discipline.
This article is dedicated to all the newcomers still struggling in the crypto world; it's not about making calls, it's a survival manual.
First, only trade after 9 PM.
Stop being busy during the day for no reason.
During the day, news flies everywhere, bulls and bears clash chaotically, and price fluctuations are like cramps.
Truly clean and clear trends often appear after 9 PM.
Especially during the time when European and American markets overlap, once the direction is clear, it often moves more smoothly.
Second, after making money, the first thing to do: take profits.
The biggest problem in the crypto world is not that you can't make money, but that you don't take profits.
Every time my account increases by 1000U, I immediately withdraw 400U to my bank card, and the rest continues to roll. Why?
Because the money you withdraw is real, while the numbers in the account are just numbers.
Too many people want to double their money after earning 10,000U, but when a pullback comes, they can't even protect their principal.
Third, look at the candlestick charts, not at feelings.
Trading cryptocurrencies is most dangerous when relying on 'feelings'; that can be fatal.
My advice: install TradingView on your phone and watch these three indicators: MACD, RSI, and Bollinger Bands.
Open a position only when at least two signals are aligned.
Don't look at short timeframes like five minutes; for short-term trading, look at the one-hour chart, and for trends, look at the four-hour chart.
For example, if I'm going long on ETH, I will only follow up if it stays strong above the middle line for two consecutive hours.
If the market is consolidating, check the four-hour chart for support points and wait to enter when it's near support.
Fourth, stop-loss must be flexible.
Many people set mechanical stop-loss orders, and when the market is manipulated by speculators, they get wiped out.
I will mention two approaches:
When I have time to monitor the market, I dynamically raise the stop-loss (for example, if I open at 1000 and it rises to 1100, I raise the stop-loss to 1050).
When you are out and don't have time to monitor the market, set a hard stop-loss at 3% to protect against market manipulation.
Stop-loss is not a shame; it's a pass to survive.
Fifth, you must withdraw funds at least once a week.
This is the habit I developed the earliest.
Every Friday, without exception, withdraw 30% of the profits.
No matter how much you earn, first withdraw to your bank card, then discuss the next position rolling. If you stick to this for 3 months, you'll find you've finally jumped out of the cycle of repeatedly losing everything.
Six, remember these taboos.
Leverage should not exceed 10 times; beginners are best to control it within 3-5 times.
A maximum of 3 orders per day; overtrading can lead to impulsive decisions.
Stay away from dogecoin, shitcoins, and meme coins; they are all high volatility + low value games controlled by speculators.
Never borrow money to trade cryptocurrencies, even if you think this time you will definitely win.
And one more important point:
Trading cryptocurrencies is not gambling with your life; it's a profession.
You need to have a work routine: check the market at set times, shut down at set times, take profits when you earn, and stop when you lose.
Don't stay up late, don't chase prices, don't fantasize about free money falling from the sky.
If you do this for three months, you will find that stable profits are more important than getting rich quickly.
It's not that you can't make money; you just haven't learned how to hold onto profits.
Remember this logic, and by the end of the year, you may have the chance to drive a Mercedes or Bentley home!