When I met Lao Wang, he had just turned his 100,000 yuan investment into 42 million yuan. He said, "There's no such thing as a master. They're just people who can hold back on placing orders during a market crash and resist the urge to add to their positions during a market surge."
Today, I'm sharing with you my life-saving tips from real-world trading:
1. Trade after 9 PM
Now, I'm a staunch believer in never touching the market before 9 PM. By then, news has largely spread, and most of the profits have been made. The candlestick charts are clearer, making it easier to judge the direction. Last year, BTC fell 3% during the day, and the group chat was shouting, "A bear market is coming!" I held back. After 9 PM, I saw that trading volume had halved, and the 4-hour MACD hadn't broken through. I bought some, and the market rebounded the next day, making a profit of 5,000 yuan.
Remember: daytime is "market maker time," and nighttime is "real market time." Newbies shouldn't be cannon fodder during the day.
Second, immediately put your profits in your pocket.
I now have a rule: I withdraw 30% of any daily profits, no matter how much, to my bank account. For example, if I earn 1,000 U today, I'll immediately transfer 300 to my account and use the remaining 700 for future play. Don't think it's "too little and unnecessary." Last year, I used this trick to withdraw 150,000 in "pocket money." Even if I lose money later, I still have real money in my pocket.
In the cryptocurrency world, money is just numbers before it's deposited into your bank account; what's in your pocket is yours.
3. Don't rely on intuition when looking at indicators. Only take action if at least two of the three signals match.
I have TradingView installed on my phone. I always check three indicators before placing a trade:
MACD: A golden cross (DIF crossing DEA) indicates a bullish trend, while a death cross indicates a bearish trend.
RSI: Over 70 indicates overbought (likely a decline), below 30 indicates oversold (likely an increase).
Bollinger Bands: The price may rebound when it hits the lower band, or pull back when it hits the upper band. A breakout of the band indicates a true trend.
I only place a trade if at least two of the three indicators match. Last year, using this strategy, my win rate increased from 30% to 60%.
4. If you can monitor the market, move your stop-loss. If you can't, just cut it.
If you can monitor the market: Manually move your stop-loss upwards when you make a profit. For example, if you bought BTC for $1,000 and it rises to $1,100, you could raise your stop-loss from $970 (3% stop-loss) to $1,050. This way, even if the price drops, you'll still make at least $50, avoiding losses.
Don't watch the market: Set a 3% hard stop-loss immediately, without hesitation.Stop-loss isn't about admitting defeat; it's about saving your life. @Air 安叔
