In the first few years of trading cryptocurrencies, like many others, I stayed up all night watching the market, chasing rises and falls, and lost so much sleep. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and slowly began to make stable profits.

Looking back now, this method, although simple, was effective: 'If there are no familiar signals, I will not act decisively!'

Better to miss out on opportunities than to place random orders.

Thanks to this strict rule, I can now maintain an annual return rate of over 50%, and I no longer have to rely on luck to survive.

Here are a few life-saving tips for beginners, all based on my real trading losses:



1. Only trade after 9 PM.

During the day, news is too chaotic, with all kinds of false positives and negatives flying around, and the market jumps around like crazy, making it easy to get tricked into entering.

I usually wait until after 9 PM to operate; by then, the news has stabilized, and the candlestick chart is cleaner and clearer.



2. Take your profits immediately.

Don't always think about doubling your money! For example, if you make 1000U today, I suggest you withdraw 300U to your bank account immediately and continue to play with the rest.

I've seen too many people who 'made three times but wanted five times,' only to lose everything in a single pullback.



3. Look at indicators, not feelings.

Don't trade based on feelings; that's just gambling.

Install TradingView on your phone and check these indicators before trading:

• MACD: Are there any golden or death crosses?

• RSI: Is it overbought or oversold?

• Bollinger Bands: Is there a contraction or breakout?

At least two of the three indicators must give consistent signals before considering entering the market.



4. Stop losses must be flexible.

When I have time to watch the market and I've made a profit, I manually adjust the stop loss price upwards. For example, if the purchase price is 1000, and it rises to 1100, I move the stop loss up to 1050 to secure the profit.

But if you want to go out and cannot watch the market, you must set a hard stop loss of 3% to prevent a sudden crash from wiping you out.



5. You must withdraw profits weekly.

Money that isn't withdrawn is just a number game!

Every Friday, without fail, I transfer 30% of my profits to my bank account and continue to roll over the rest. This way, over time, my account will keep growing.



6. There are tricks to reading candlesticks.

• For short-term trades, look at the 1-hour chart: If there are two consecutive bullish candles, consider going long.

• If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering near the support level.



7. Never fall into these traps!

• Don't leverage more than 10 times; beginners should ideally keep it within 5 times.

• Avoid Dogecoin and other altcoins; they can easily be rug pulled.

• Limit yourself to a maximum of 3 trades a day, too many can lead to losing control.

• Absolutely do not borrow money to trade cryptocurrencies!!



Here's my final piece of advice for you:

Treat trading cryptocurrencies like a job, clock in and out every day, turn off your phone at the end of the day, eat and sleep as needed, and you'll find that—money is actually earned more steadily.

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Only at the moment you enter the market can you accurately sense every fluctuation; just skimming over the surface is mostly meaningless!