Treat trading as a job; clock in and out at fixed times every day.
In the early years of trading, like many others, I stayed up late every day watching the market, chasing highs and cutting losses, losing sleep over it. Later, I gritted my teeth and stuck to a simple method, and surprisingly managed to survive and slowly started stabilizing my profits.
Looking back now, this method, although clumsy, works: 'If I don't see the signals I'm familiar with, I resolutely don't act!'
Better to miss a trading opportunity than to make random orders.
With this ironclad rule, I can now consistently maintain an annual return rate above 50%, and I no longer have to rely on luck to survive.
Here are a few safety suggestions for beginners, all based on my own trading losses:
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1. Trade only after 9 PM.
During the day, the news is too chaotic, with various false positives and negatives flying around; the market jumps around erratically, making it easy to get tricked into entering.
I usually wait until after 9 PM to operate; by then, the news is basically stable, and the candlestick charts are cleaner, with clearer direction.
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2. Take profits immediately when you earn Q.
Don't always think about doubling your money! For example, if you earned 1000 U today, I suggest you withdraw 300 U to your Y bank card immediately and continue playing with the rest.
I've seen too many people who think 'I earned three times but want five times', only to lose everything in a single pullback.
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3. Look at indicators, not feelings.
Don't trade based on feelings; that's blind trading.
Install TradingView on your phone and check these indicators before placing trades:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a contraction or breakout?
Only consider entering the market when at least two out of three indicators give a consistent signal.
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4. Stop-losses must be flexible.
When you have time to watch the market, if you earn Q, manually move your stop-loss price up. For example, if your purchase price is 1000 and it rises to 1100, raise your stop-loss to 1050 to secure profits.
But if you have to go out and can't watch the market, make sure to set a hard stop-loss at 3% to prevent getting wiped out by a sudden crash.
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5. Must withdraw J every week.
Not withdrawing Q is just a numbers game!
Every Friday without fail, I transfer 30% of my profits to my Y bank card, and continue rolling the rest. This way, over the long term, my account will keep growing.
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6. There are tricks to reading candlesticks.
• For short-term trading, look at the 1-hour chart: if there are two consecutive bullish candles, consider going long.
• If the market is flat, switch to the 4-hour chart to find support lines: consider entering when it drops near the support level.
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7. Absolutely avoid these pitfalls!
• Don't exceed 10x leverage; beginners should ideally keep it under 5x.
• Don't touch Dogecoin or shitcoins; they are easy to get harvested.
• Do a maximum of 3 trades a day; too many can lead to losing control.
• Absolutely do not borrow Q to trade cryptocurrencies!!
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One last piece of advice for you:
Trading cryptocurrencies is not a game.
Treat it like a job; clock in and out at set times, shut down when it's time, eat when it's time, and sleep when it's time. You'll find that surprisingly, Q will earn more steadily.
