Trading cryptocurrencies is not gambling with your life; it's a battlefield for making money with your brain! Especially now that the United States is introducing new regulations on stablecoins, both opportunities and risks have doubled. If you have limited capital and want to take a chance in a bull market, these 7 life-saving experiences must be etched in your mind—especially the last one, as 90% of people fail because of it.
Don't mess around during the day.
During the day, various false messages are flying everywhere, and the market fluctuates wildly. Wait until after 9 PM when the news has settled and the candlestick chart stabilizes before taking action; your win rate will be much higher.
Put your profits in your pocket first.
If you earn 1000 USDT in a day, immediately transfer 300 USDT to your bank account and keep playing with the rest. I've seen too many people who earn and don't run, only to eventually lose both principal and profit.
Look at indicators with "three reviews."
Don't rely on intuition to buy randomly! Always check three indicators simultaneously:
- Trust the trend reversal only when MACD shows a golden cross/dead cross.
- Sell quickly if RSI exceeds 70, and consider buying if it drops below 30.
- A narrowing Bollinger Band indicates a potential change in trend; breaking through the middle line confirms the trend.
At least two indicators must signal a buy before entering the market.
Be flexible with stop-losses.
When you're watching the computer, if you make money, move your stop-loss line up. For example, if your cost of 1000 USDT rises to 1100 USDT, raise the stop-loss to 1050 USDT, so even if it drops, you won’t lose. If you're going out, set a hard stop-loss at 3%, automatically exiting if it drops to 970 USDT.
Transfer money every Friday.
Every Friday without fail, transfer 30% of your profits to your bank account. The money in your account is just numbers; the cash in your wallet is real money, which also helps prevent you from getting too carried away while trading.
There are tricks to reading candlesticks.
For short-term trading, look at the 1-hour chart; two consecutive bullish candles indicate that the bulls are gaining strength, so look for lows to buy. If you encounter a sideways market, don't rush; switch to the 4-hour chart, buy in batches when it hits support, and sell quickly when it breaks through resistance.
This advice is the most important!
90% of people lose money because they fall into this pit:
- Don't use leverage over 50 times; the higher the leverage, the quicker the loss.
- Absolutely avoid coins like Dogecoin, which are essentially worthless; the market makers will cut you down faster than slicing vegetables.
- Limit yourself to a maximum of 3 trades a day; overtrading will lead to losses.
Absolutely do not borrow money to trade cryptocurrencies; losing your principal means you're completely out.
Remember, surviving longer in a bull market is more important than making quick profits. These rules are lessons bought with real money by previous traders; if you can keep your hands in check and follow them, you'll at least survive longer than those who trade recklessly.
