Remember the method I gave you for trading cryptocurrencies, newbies happily drive home a Bentley W12
From initially losing sleep over losses, to now steadily making 50% profit every year,
All thanks to a simple method — no rabbit, no eagle.
Is the market not to your taste? Then just watch, never make a move.
Better to miss ten opportunities than to make a random trade.
This method may seem silly, but it really can save your life.
Here are a few heartfelt tips for newcomers:
The golden time is after 9 PM
During the day, the market is like a fit of madness,
News is flying everywhere, prices are bouncing up and down.
At night it's quiet, the trends are clear, and it's easier to see the direction.
Secure profits first,
For example, if you make 1000U,
Immediately transfer 300U to your bank card, and play with the rest.
Don't be greedy; I've seen too many people make money but not take it, ultimately giving back both principal and profit.
Look at indicators, not feelings
Install TradingView on your phone,
Before making a trade, check the MACD golden cross and dead cross, and the RSI overbought and oversold.
Only act when at least two indicators signal the same direction; don't rely on feelings.
Be flexible with stop-losses
While monitoring the market,
If you've made money, move your stop-loss price up (for example, from 1000 to 1100),
Don't let the system automatically trigger the stop-loss.
But if you have to go out, set a hard stop-loss of 3%,
To guard against sudden market crashes by big players.
Withdraw profits weekly
No matter how much you earn, if you don't withdraw it, it's just numbers!
I consistently transfer 30% of my profits to my bank card every Friday,
Only then do I let the remaining money continue to grow.
K-line analysis has its tricks
For short-term trading, focus on the 1-hour chart,
If the price rises continuously for two hours, go long;
If it's moving sideways, switch to the 4-hour chart to find support levels,
Enter the market when it drops near those levels.
Avoid these pitfalls:
Leverage should not exceed 10 times (newbies within 5 times)
Stay away from Dogecoin, Shitcoin, and other altcoins
Only make a maximum of 3 trades a day; too many can lead to impulsive decisions.
Absolutely do not borrow money to trade cryptocurrencies!
Remember, trading cryptocurrencies is not gambling. Treat it like a job: clock in and out, eat when it's time, sleep when it's time, and the money will come more steadily.
Not sure about the market? Follow me, @栗神 , and I’ll guide you step-by-step to recover your losses!