Some advice for newcomers in the crypto world

1. Make trades after 9 PM

During the day, the news is too chaotic, with various false good and bad news flying around, causing the market to fluctuate erratically, making it easy to get trapped. I usually wait until after 9 PM to operate, as the news stabilizes by then, and the candlestick charts are cleaner and more clear.

2. Take profits immediately

Don't always think about doubling your investment! For example, if you made 1000 USDT today, I suggest you withdraw 300 USDT to your bank account right away and continue to play with the rest. I've seen too many people who think, "I made three times and want five times," only to lose everything back in a single pullback.

3. Look at indicators, not feelings

Don't trade based on feelings; that's just blind trading. Install TradingView on your phone and check these indicators before making a trade:

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

• RSI: Is it overbought or oversold?

• Bollinger Bands: Is there a squeeze or breakout?

Consider entering the market only if at least two of the three indicators give a consistent signal.

4. Be flexible with stop losses

When you have time to monitor the market, if you're in profit, manually adjust your stop loss upwards. For example, if your buying price is 1000 and it rises to 1100, raise your stop loss to 1050 to secure your profit. However, if you're going out and can't monitor the market, make sure to set a hard stop loss of 3% to prevent sudden crashes from wiping you out.

5. Withdraw profits weekly

Profits that aren't withdrawn are just a numbers game! Every Friday without fail, I transfer 30% of my profits to my bank account, and the rest continues to be reinvested. This way, over the long term, your account will keep growing.

6. There are tricks to reading candlesticks

• For short-term trades, look at the 1-hour chart: if the price has two consecutive bullish candles, consider going long.

• If the market is flat, switch to the 4-hour chart to look for support lines: only consider entering when it approaches the support level.

7. Avoid these pitfalls!

• Leverage should not exceed 50 times

• Avoid coins like Dogecoin and meme coins; they are easily manipulated

• Limit yourself to 3 trades a day; too many can lead to losing control

• Absolutely do not borrow money to trade

One last piece of advice for you: trading isn't just gambling; treat it like a job. Stick to a schedule, log on and off at set times, and make sure to eat and sleep properly. You'll find that profits become more stable.