I've been trading cryptocurrencies for 8 years, going from losses to currently stable profits, all thanks to stubbornly sticking to a simple strategy: if the market doesn’t show signals I’m familiar with, I bravely refrain from acting. I’d rather miss an opportunity than make random trades. Because of this principle, I can now maintain a stable profit of over 50% annually.
Here are a few life-saving tips for beginners:
Continue trading at 9 PM: during the day, various messages fly around, causing prices to jump erratically. In the evening, the market trends are cleaner, and when you make a profit, cash out immediately: for example, if you earn 1000 USDT, first withdraw 300 USDT to your bank account, and then continue playing with the remaining amount. Don't always think about doubling your money; I’ve seen too many people not take profits and end up losing everything.
Look at indicators, not feelings: install TradingView on your phone. Before placing a trade, check if there are MACD golden crosses or dead crosses, and whether the RSI shows overbought or oversold conditions; at least two of the three indicators should agree. Be flexible with your stop loss: when you can monitor the market, move your stop loss up manually when you're in profit (for example, from 1000 to 1100), don’t let the system trigger automatic stop loss.
But if you have to go out for business, you must set a hard stop loss of 3% to guard against sudden market crashes. Withdraw money weekly: no matter how much you earn, if you don't cash out, it's just a number! Every Friday, without exception, I transfer 30% of my profits to my bank account, and only the remaining money continues to roll.
There are tricks to watching candlestick charts: for short-term trading, focus on the 1-hour chart. If the price keeps rising for two consecutive hours, go long; if it’s stuck in a sideways trend, switch to the 4-hour chart to find support levels and enter the market when it drops near the support line. Be careful not to fall into these traps:
Don't exceed 10x leverage (newbies are advised to stay within 5x). Avoid meme coins and these altcoin contracts; do a maximum of 3 trades a day. Overtrading can lead to recklessness, and absolutely do not borrow money to trade!
Remember: trading cryptocurrencies is not gambling. Treat it like a job: clock in and out at the right times, eat and sleep properly, and money will come more steadily. If you’re confused about the market, follow my profile for insights. The cryptocurrency market is full of uncertainties and challenges, but it also contains potential opportunities.
I need followers; you need references. Guessing is not as good as following.
