In the first few years of trading cryptocurrencies, I was like many others, staying up late every day to watch the market, chasing trends, and losing sleep. Later, I gritted my teeth and stuck to a simple method, surprisingly surviving and slowly stabilizing my y profit.
Looking back now, this method, although simple, is effective: “If I don’t see a familiar signal, I resolutely don’t act!”
Better to miss out on the market than to place random orders.
By adhering to this strict rule, I can now stabilize my annual y return at over 50%, and I no longer have to rely on luck to survive.
Here are a few safety tips for beginners, based on my own experiences with real losses:
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1. Only place orders after 9 PM.
During the day, the news is too chaotic, with various false positives and negatives flying around, causing the market to jump up and down like it's having a seizure, making it easy to get tricked into entering.
I usually wait until after 9 PM to operate; at that time, the news is generally stable, the candlestick charts are cleaner, and the direction is clearer.
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2. Earned q must be immediately secured.
Don’t always think about doubling! For example, if you made 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 made three times their investment but wanted five times, only to lose everything in a pullback.
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3. Look at indicators, not feelings.
Don’t trade based on feelings; that's just blind guesswork.
Install TradingView on your phone and check these indicators before making trades:
• MACD: Is there a golden cross or a death cross?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Is there a contraction or breakout?
At least two of the three indicators must give consistent signals before considering entering.
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4. Stop-loss must be flexible.
When you have time to watch the market, if you earn q, manually move the stop-loss price up. For example, if your entry price is 1000 and it rises to 1100, raise the stop-loss to 1050 to secure profits.
But if you need to go out and can’t watch the market, be sure to set a hard stop-loss at 3% to prevent sudden crashes from wiping you out.
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5. Must issue 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 to roll the remaining amount. Over time, this will make my account thicker.
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6. There are tricks to reading candlestick charts.
• For short-term trading, look at the 1-hour chart: if the price has two consecutive bullish candles, consider going long.
• If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering when it drops near the support level.
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7. Never step into these pitfalls!
• Leverage should not exceed 10 times; beginners should control it within 5 times.
• Avoid cryptocurrencies like Dogecoin and Shitcoin; they are easy to get wrecked.
• Maximum of 3 trades per 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 gambling; treat it as a job. Go to work at set times every day, turn off the computer at the end of the day, eat when it's time, and sleep when it’s time. You will find that - q actually bricks more steadily.
The market never lacks opportunities; the question is whether you can seize them. By following experienced people and the right ones, we can earn more! The team still has spots, hurry up.
Keep an eye on BTC, ETH, BNB.
