I used the dumbest method, and my win rate is almost 100% (essential tips for cryptocurrency traders)
When I first started trading cryptocurrencies, I stayed up late every night watching the market, chasing highs and cutting losses, losing sleep over my losses. Later, I insisted on using a simple method, and surprisingly, I survived and slowly began to stabilize my profits.
Looking back now, while this method is simple, it works: "If I don’t see familiar signals, I absolutely won’t act!"
I would rather miss out on opportunities than place random orders.
With this ironclad rule, I can now maintain an annual return of over 70%, and I no longer have to rely on luck to survive.
Here are some essential tips for beginners, based on my own experiences from trading:
1. Place orders after 9 PM
During the day, the news is too chaotic, with various false positives and negatives flying around, causing the market to fluctuate wildly, making it easy to get tricked into trading.
I usually wait until after 9 PM to operate; by that time, the news is relatively stable, and the K-line is cleaner, with clearer directions.
2. Look at indicators, not feelings
Don’t trade based on feelings
Before placing an order, check these indicators:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a squeeze or a breakout?
At least two of the three indicators must give consistent signals before considering entry.
4. Stop-loss: Dignity is more important than money
⛔️ "Cut losses immediately if the direction is wrong; hesitating for a second means losing 10%"
• Fixed stop-loss method: 3% of the principal is the red line.
• Dynamic stop-loss method: After a 50% profit, must exit on a 20% pullback.
5. Withdraw funds on time every week
For example, if you made 5000U this week, don’t always think about doubling it! I suggest you immediately withdraw 1500U to your bank account and continue trading with the rest.
I've seen too many people who "made 3-5 times their money" only to lose it all in a pullback. Keep rolling with the rest. Over time, this way, your account will keep growing.
6. There are tricks to reading K-lines
• For short-term trading, look at the 1-hour chart: If there are two consecutive bullish candles, consider going long. #Bitcoin and US Tariff Policy
• If the market is sideways, switch to the 4-hour chart to find support lines: Consider entering the market when it approaches the support level.
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