Treat trading cryptocurrencies like a job, clock in and out on time every day

In the initial years of trading cryptocurrencies, I, like many others, stayed up all night monitoring the market, chasing highs and selling lows, losing sleep over my losses. Later, I gritted my teeth and stuck to a simple method that led to stable profits. Here are a few survival tips for beginners, based on my losses in real trading:

⸻ 1. Only place trades after 9 PM The news during the day is too chaotic, with all sorts of false positives and negatives flying around, causing price fluctuations like a fit. It's easy to be tricked into entering the market. I generally wait until after 9 PM to trade, when the news has stabilized, the candlestick patterns are cleaner, and the direction is clearer.

⸻ 2. Take profits immediately Don't always think about doubling your money! For example, if you've made a profit of 1000 USDT today, I suggest you withdraw 300 USDT to your bank card immediately and continue trading with the rest. I've seen too many people thinking “I made three times my investment, now I want five times,” only to lose everything on a pullback. ⸻ 3. Look at indicators, not feelings Don’t trade based on feelings; that’s just blind luck. Install TradingView on your phone, and before placing a trade, check these indicators: • MACD: Is there a golden cross or death cross? • RSI: Is it overbought or oversold? • Bollinger Bands: Is there a squeeze or a breakout? At least two of the three indicators should give consistent signals before considering entering the market.

⸻ 4. Be flexible with stop-losses When you have time to monitor the market, if you’re in profit, manually adjust your stop-loss upward. For example, if your buy price is 1000 and it rises to 1100, move the stop-loss up to 1050 to secure your profit. However, if you need to go out and can’t monitor the market, set a hard stop-loss at 3% to prevent sudden crashes from wiping you out.

⸻ 5. Have a plan for withdrawing profits; money that isn’t withdrawn is just a number game!

⸻ 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, consider going long. If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering when the price approaches the support level.

⸻ 7. Avoid these pitfalls! Don’t use high leverage with large positions, and avoid coins you don’t understand, as they can easily lead to losses. • Limit yourself to a maximum of 3 trades a day; too many can lead to losing control. • Absolutely do not borrow money to trade cryptocurrencies!! ⸻ One last piece of advice: Trading cryptocurrencies is not gambling; treat it like a job, clock in and out daily, turn off your computer when it’s time, eat when it’s time, sleep when it’s time, and you’ll find—money will come in more steadily.