When I first started trading cryptocurrencies, I stayed up late every day, watching the market and chasing trends, losing sleep over my losses. Later, I insisted on using one method, and surprisingly, I survived and gradually started making stable profits. #
Looking back now, although this method seems clumsy, it works: "If I don't see the signals I'm familiar with, I won't act!" $BTC
I would rather miss opportunities than place random orders.
By adhering to this iron rule, I can now maintain an annual return rate of over 70%, and I no longer have to rely on luck to survive.
Here are a few life-saving tips for beginners, all based on my real trading experiences:
1. Place orders only after 9 PM, leaving a note below 167☝️🚗
During the day, the news is too chaotic, with all sorts of false positives and negatives flying around, and the market jumps up and down erratically, making it easy to get tricked into trading.
I generally wait until after 9 PM to operate; by then, news is mostly stable, and the candlestick chart is cleaner with clearer direction.
2. Look at indicators, not feelings
Don’t trade based on gut feelings.
Before placing an order, check these indicators:
• MACD: Is there a golden cross or a death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a contraction or a breakout?
Only consider entering the market if at least two of the three indicators provide consistent signals.
4. Stop-loss: Dignity is more important than money
⛔️ "If the direction is wrong, cut it immediately; hesitating for a second can result in a 10% loss."
• Fixed stop-loss method: 3% of the principal is the red line.
• Dynamic stop-loss method: After a 50% profit, a 20% pullback must run.
5. Withdraw funds on time every week
For example, if you earned 5000U this week, don’t always think about doubling it! I suggest you immediately withdraw 1500U to your bank account and continue trading with the rest.
I’ve seen too many people who “earned 3-5 times” but ended up losing it all in a single pullback. Let the rest continue to grow. Over time, this way, the account will keep getting thicker. #Current state of the crypto world
6. There are tricks to reading candlesticks
• For short-term trading, look at the 1-hour chart: If the price has two consecutive bullish candles, you can consider going long. #Bitcoin and U.S. tariff policy
• If the market is flat, switch to the 4-hour chart to find support lines: Consider entering the market when it approaches the support level. $BTC