Remember my method for trading cryptocurrencies, newbies can enjoy a Maybach!
I have been trading cryptocurrencies for 8 years, going from losing sleep to now making stable profits,
all thanks to sticking to a simple method:
If the market doesn't show familiar signals, I resolutely do nothing,
I'd rather miss out than make random trades.
With this approach, I can maintain an annual return rate of over 50%.
Here are a few life-saving tips for beginners:
Trade after 9 PM: During the day, various false messages are flying around,
prices fluctuate wildly like they are possessed, while the market trends at night are cleaner,
easier to see the direction. Cash in your profits quickly:
For example, if you made 1000U, withdraw 300U to your bank card first,
and continue playing with the remaining amount, don't always think about doubling,
I have seen too many people who made profits but didn’t stop, and ended up losing.
Look at indicators, not feelings: Install TradingView on your phone,
before making trades, check if MACD has golden or dead crosses, and whether RSI is overbought or oversold,
make sure at least two out of three indicators send consistent signals before taking action.
Be flexible with stop-loss: When you have time to monitor the market,
if you are making money, manually move the stop-loss price up (for instance, from 1000 to 1100)
don't let the system automatically stop-loss. But if you have to go out
set a hard stop-loss at 3% to guard against sudden market crashes.
Withdraw funds weekly: No matter how much money you make, if you don't withdraw it, it's just a number!
Every Friday, I consistently transfer 30% of my profits to my bank card, and only then do I continue to roll the rest.
There are tricks to reading K-lines: For short-term trades, focus on the 1-hour chart,
if the price continues to rise for two hours, go long; if it consolidates,
switch to the 4-hour chart to find support levels, and enter the market when it drops near the support line.
Avoid these pitfalls:
Don’t use leverage over 10 times (newbies should stick to within 5 times)
Avoid dogecoin and other altcoins, limit yourself to 3 trades a day,
overtrading can lead to impulsive decisions, absolutely do not borrow money to trade!
Remember: Trading cryptocurrencies is not gambling; treat each day as a workday, clock in and turn off your phone at the end of the day,
eat when you need to and sleep well, money will come in more steadily.
If you are confused about the market, follow me for strategies to guide you back: #BTC
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Let’s plan together and communicate on how to get ahead: @#币安Alpha上新
