Treat Trading Crypto Like a Job — Clock In, Clock Out, Get Paid $BTC
Back in my early days, I was just like any other newbie – glued to the screen all day, chasing pumps, panic-selling when things dipped, and losing sleep over every candle. It was a total mess. Then, I finally put together a simple system, and you know what? I actually stuck to it.
That system changed everything for me.
1. Trade After 9 PM: I've learned that daytime is just full of noisy news and fakeouts. I only start trading after 9 PM when the market chills out, and the price action becomes much clearer. Less noise equals better decisions, plain and simple.
2. Lock in Profits Quickly: Seriously, stop dreaming of hitting a 5x on every trade. If I make a grand in a session, I'm immediately withdrawing at least $300 to my bank. Play with the rest, but greed will kill your gains every time. Discipline is what secures them.
3. Trade Based on Indicators, Not Emotion: I live and breathe by TradingView. Before I even think about entering a trade, I check these:
* MACD: I'm looking for golden or death crosses.
* RSI: Overbought or oversold levels are key for timing.
* Bollinger Bands: Contractions mean setups, breakouts mean trades.
I don't act unless at least two of these indicators line up.
4. Be Smart With Stop-Losses: If I'm glued to the market, I move my stop up as my position gains. If I'm not watching, I set a fixed 3% stop-loss to protect myself from any nasty surprises.
5. Withdraw Weekly: Every Friday, I transfer 30% of my profits to my bank. It's not real until it's in your pocket. Let the rest compound, though.
6. Master the Candlesticks:
* For quick trades, I use the 1-hour chart – two strong bullish candles? Go long.
* For trend setups, I use the 4-hour chart and watch the price near support.
7. Avoid Rookie Mistakes: Be cautious and disciplined.