Treat cryptocurrency trading like a job, clock in and out on time every day.
In the first few years of trading, I was like many others, staying up late watching the market, chasing highs and selling low, losing sleep. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and slowly stabilized my profits.
Looking back now, while this method is simple, it works: 'If I don't see the signals I recognize, I won't act!'
It's better to miss a trading opportunity than to make random trades.
With this strict rule, I can now stabilize my annual return rate at over 50%, and I finally don't have to rely on luck to survive.
Here are a few risk management tips for beginners, all based on my experiences from real trading losses:
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1. Only trade after 9 PM
The news during the day is too chaotic, with all sorts of false positives and negatives flying around, causing the market to fluctuate wildly, making it easy to get tricked into trades.
I usually wait until after 9 PM to trade, when the news has stabilized, and the candlestick patterns are cleaner and the direction clearer.
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2. Take profits immediately
Don't always think about doubling your money! For example, if you made a profit of 1000U today, I suggest you withdraw 300U to your bank card right away and continue trading with the rest.
I've seen too many people who 'made three times but wanted five times' end up losing everything in one 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 trading:
• MACD: Are there any golden crosses or death crosses?
• RSI: Is it overbought or oversold?
• Bollinger Bands: Are they contracting or breaking out?
Consider entering a trade only if at least two of the three indicators give consistent signals.
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4. Stop-loss must be flexible
When you have time to monitor the market, manually adjust the stop-loss price upwards if you're in profit. For example, if you bought at 1000 and it rises to 1100, adjust the stop-loss to 1050 to secure profits.
But if you're going out and can't monitor the market, you must set a hard stop-loss of 3% to prevent unexpected market crashes from wiping you out.
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5. Must take profits every week
Money that isn't withdrawn is just a numbers game!
Every Friday, without fail, I transfer 30% of my profits to my bank card and continue to roll over the rest. Over time, this way, my account will keep growing.
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6. There are tricks to reading candlesticks
• For short-term trades, look at the 1-hour chart: if there are 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.
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7. Avoid these pitfalls!
• Don't use leverage more than 10 times; beginners should ideally keep it under 5 times.
• Avoid meme coins like Dogecoin and Shitcoin; they can easily lead to losses.
• Limit yourself to a maximum of 3 trades per day; too many can lead to emotional trading.
• Absolutely do not borrow money to trade cryptocurrencies!
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One final piece of advice for you:
Trading cryptocurrencies is not gambling; treat it like a job. Work regular hours, shut down the computer when it's time, eat when you're hungry and sleep when you're tired, and you will find that your trading becomes much steadier.

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