$BTC shares 7 practical pitfall summaries of the 'Survival Guide'
1. The daytime cryptocurrency news bombardment is too chaotic, with false good/bad news frequently appearing, and the market moves like a rollercoaster, making it easy to be lured into buying or shaken out.
My strategy: Operate after 9 PM every day to wait for the market to digest the day's information; the K-line trend becomes clearer, increasing the accuracy of directional judgment by over 40%.
2. Take profits first, refuse the 'gambler's mentality'
Don't always focus on the 'doubling myth'! For example: If you earn 1000U in a day, immediately withdraw 300U to your bank account and let the rest roll over.
Money in your pocket is real money; numbers are just paper wealth.
3. Let indicators speak, don’t trust your 'sixth sense'
Focus on these 3 indicators:
• MACD: Golden cross/death cross signals verify trend reversals
• RSI: Sell when overbought (>70), buy when oversold (<30)
• Bollinger Bands: Constriction indicates a change in trend, breakout of the middle band confirms direction
Iron rule: Only consider entering the market when at least 2 indicators signal the same.
4. Dynamic stop-loss + hard stop-loss as double insurance
• While watching the market: Manually move the stop-loss up after making a profit. Example: Buy at 1000U, if it rises to 1100U, immediately set the stop-loss to 1050U to lock in 50% profit.
• When going out: Set a hard stop-loss line at 3% to prevent being 'buried' by sudden crashes; capital is always the priority.
5. Enforce 'cash out' weekly, refuse the number game
The coins in your account are just strings of code; every Friday, without fail, withdraw 30% of profits to your bank account, and let the rest serve as capital for rolling.
6. Choose the right K-line cycle for double the results with half the effort
• Short-term (intraday): Look at the 1-hour chart; if there are 2 consecutive bullish candles stabilizing, consider going long
• In a fluctuating market: Switch to the 4-hour chart to find support levels; buy in batches when prices drop near previous lows
7. Beginners' pitfall warning list, touching them will cause losses!
✅ Leverage ≤ 5 times; over 10 times is a 'liquidation accelerator'
✅ Stay away from air coins, where manipulators aim to cut down those chasing trends
✅ Limit daily trades ≤ 3; frequent operations will lead to mistakes
✅ Absolutely do not engage in 'borrowing to trade coins'; debt will cause your mentality to collapse
Finally, emphasize:
Trading coins is not a 'high-stakes game' at the gambling table. Treat it like a '9 to 5' job, monitor the market at set times, and stop at set times.
You will find that when you treat the market with a 'worker's mentality', you earn money more steadily. After all, in the cryptocurrency world, staying alive is more important than making money.