Can trading cryptocurrencies really make money?

That depends on whether you can resist that little greed!

When I first entered the market, like most people: staying up late watching the charts, chasing when prices rise, cutting losses when prices fall, and what was the result? I lost my appetite for food and drink.

Every time I was trapped, I comforted myself with 'just wait a bit longer'; in reality, that was not faith, just pure greed. When there was a rebound, I wanted to take a bigger bite, and when I broke even, I was reluctant to leave, resulting in so many liquidations that I became numb.

Only after being beaten up by the market did I understand one principle: the market doesn’t fear your stupidity, it fears your stubbornness.

From then on, I gritted my teeth and established a rule:

Unless familiar signals appear, I will not place an order! Even if the market is soaring in front of me, I will never impulsively gamble.

And what was the result? I survived and slowly began to make stable profits; now my annual returns can consistently exceed 50%.

I have fallen into countless traps and summarized a few hard-learned lessons to share with you:

Don’t start trading after 9 PM; the news during the day is too chaotic, and it’s easy to be deceived by false good news.

When you make a profit, secure it. If you earn 1000 U today, at least withdraw 300 U to put in your bank account, and play with the rest. The market’s fiercest trick is to swallow back all the money you’ve made.

Operations rely on indicators, not feelings. Use at least two indicators in resonance, like MACD, RSI, or Bollinger Bands, before entering the market. Relying on feelings is just gambling.

Stop-losses must be flexible. If you can monitor the market, use a trailing stop-loss; if you can’t, set a hard stop-loss (around 3%) to prevent being caught off guard by sudden drops.

You must withdraw funds at least once a week; money that isn’t withdrawn is just numbers. No matter how good your account looks, if you don’t cash out, it’s empty.

A sense of timing is very important. For short-term trades, look at the 1-hour chart and wait for two bullish candles to confirm before chasing; for sideways markets, watch the 4-hour chart and consider entering when it falls to support.

Lastly, don’t fall into traps: leverage shouldn’t exceed 10 times; beginners should keep it within 5 times; avoid junk coins and dog coins; the vast majority are just harvesting schemes; a maximum of 3 trades a day to avoid getting carried away; and definitely don’t borrow money to trade!

To put it bluntly, making money in crypto trading isn’t about being smart, but about making fewer mistakes. Be greedy once, lose a round; stop-loss once, you can survive the whole game.

In the end, those who can laugh last are not the ones who made the most profit, but the ones who can stay at the table the longest.