In the volatile cryptocurrency market, treating trading as a professional job rather than an emotional game helps mitigate risks and maintain stable profits. Below are important experiences for effective operation:

1. Choose a reasonable trading time frame

The time after 9 PM (Vietnam time) usually brings clearer signals. During the day, the market is affected by a chaotic amount of information and erratic fluctuations. By evening, market sentiment has been absorbed, and the candlestick chart becomes clearer for making decisions.

2. Safe profit-taking principles.

Do not expect “x3, x5” in a single trade. When achieving profit, need to take some profits, for example: profit 1000 USDT, take immediately 300 USDT to secure the results. This is a way to minimize risk when the market unexpectedly reverses.

3. Based on technical indicators, not on emotions.

Use tools on TradingView such as:

  • MACD: monitor golden cross or death cross.

  • RSI: determine overbought/oversold conditions.

  • Bollinger Bands.: monitor the period of contraction or breakout.
    Only enter trades when there are at least two consensus signals, avoid emotional actions.

4. Risk management with dynamic stop-loss.

  • When monitoring the market frequently: if the price rises, move the stop-loss in the upward direction (e.g., buy at 1000, price rises to 1100, set new stop-loss at 1050).

  • When unable to monitor: set a hard stop-loss at a maximum loss of 3% to avoid rapid collapse.

5. Schedule regular profit withdrawals.

Do not keep all profits on the exchange. It is advisable to withdraw 30% – 50% of profits to the bank account. The remaining balance on the exchange should not be considered real money until it is withdrawn.

6. Reasonable K-line chart analysis.

  • Short-term trading: focus on the 1-hour chart; observe 2 consecutive bullish candles to find buying opportunities.

  • Wave trading: use the 4-hour chart; prioritize orders near support zones.

Mistakes to avoid.

  • Do not use high leverage with all capital.

  • Stay away from lesser-known coins with poor liquidity.

  • Limit to a maximum of 3 trades per day to maintain discipline.

  • Absolutely do not borrow money to trade.

Conclusion.

Cryptocurrency trading should be conducted as a profession with principles, plans, and discipline. Follow the process correctly every day, then rest to avoid burnout. Persistently applying it long-term will yield more stable and sustainable results.