Here are a few safety tips for beginners, based on my experience of losing millions in real trading:

1. Trade after 9 PM

During the day, the news is too chaotic, with various false positives and negatives flying around, causing the market to jump around like it’s having a fit, making it easy to be tricked into entering.

I usually wait until after 9 PM to trade, as by then the news has stabilized, and the candlestick charts are cleaner and the direction clearer.

2. Take profits immediately

Don’t always think about doubling your money! For example, if you made $1000 today, I suggest withdrawing $300 to your bank card immediately, and continue playing with the rest.

3. Look at indicators, not feelings

Don’t trade based on feelings; that’s just blind guessing.

Install TradingView on your phone and check these indicators before trading:

• MACD: Is there a golden cross or death cross?

• RSI: Is it overbought or oversold?

• Bollinger Bands: Is there a contraction or breakout?

At least two of the three indicators should give consistent signals before considering entering.

5. Withdraw profits weekly

Not withdrawing profits is just a numbers game!

Every Friday, without fail, I transfer 30% of my profits to my bank card, and continue to roll the rest. Over time, this will thicken your account.

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