Trading Cryptocurrency: Remember My Methods
I've been trading cryptocurrency for 8 years, going from losing sleep to now making stable profits,
all thanks to sticking to a simple method:
If the market doesn't show familiar signals, I resolutely do nothing,
I'd rather miss out than make random trades.
Because of this, I can maintain an annual return rate of over 50%.
Here are a few life-saving tips for beginners: #Binance Alpha New Releases
Make trades only after 9 PM: During the day, various false messages fly around,
the prices fluctuate wildly, while at night the market trends are cleaner,
it's easier to see the direction. Cash out your profits quickly:
For example, if you make 1000 USDT, withdraw 300 USDT to your bank account first,
then continue playing with the rest; don’t always think about doubling,
I've seen too many people earn and not stop, ultimately losing it all.
Look at indicators, not feelings: Install TradingView on your phone,
before making trades, check if MACD has golden crosses or death crosses,
and if RSI shows overbought or oversold; at least two indicators should align before acting.
Be flexible with stop losses: When you can watch the market,
if you've made a profit, manually adjust the stop-loss price upwards (e.g., move from 1000 to 1100)
don't let the system automatically stop you out. But if you have to go out
set a hard stop-loss of 3% to guard against sudden market drops.
Withdraw funds weekly: No matter how much you earn, if you don't withdraw it, it's just numbers!
I transfer 30% of my profits to my bank account every Friday without fail, and only then do I continue to reinvest the rest.
There are tricks to reading candlesticks: For short-term trading, focus on the 1-hour chart,
if the price rises for two consecutive hours, go long; if it's in a range,
switch to the 4-hour chart to find support levels, and enter when it nears the support line.
Avoid these pitfalls: #US Tariff Increases
Don’t use leverage over 10x (newbies should stay within 5x)
Avoid meme coins and shitcoins, and limit yourself to 3 trades per day,
overtrading can lead to impulsive decisions, absolutely do not borrow money to trade!
Remember: Trading cryptocurrency is not gambling, treat every day like a job, clock in and shut down at the end,
eat and sleep as needed, and money will come more steadily.
Confused about the market? Follow me for strategies to guide you back to success.
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