The Blood, Sweat, and Tears Experience of a Cryptocurrency Veteran Who Earned 40 Million in 8 Years: Avoid These Pitfalls!

When I first entered the cryptocurrency world, like most people, I was glued to the candlestick charts every day,

chasing rises and selling on dips, only to end up doubting life due to losses.

Later, I gradually developed my own trading system,

and finally transitioned from 'relying on luck' to 'relying on skill' to make money.

Today, I would like to share a few key insights that I hope can help everyone avoid detours.

1. Trading is not gambling; patience is key

In the past, I couldn't help but stare at the charts 24/7, fearing I might miss out on opportunities.

Later, I discovered that the real opportunities for profit often require waiting.

It’s better to miss an opportunity than to make reckless trades.

By adhering to this principle, my annualized return rate has stabilized at over 70%.

2. Avoid the “noisy market” during the day

During the day, market news is overwhelming, with various false positives and negatives bombarding traders,

causing wild price fluctuations that easily trap unsuspecting traders.

I generally wait until after 9 PM to trade,

when market sentiment stabilizes, candlestick patterns are clearer, and direction is easier to judge.

3. Indicators are more reliable than “gut feelings”

One of the most common mistakes beginners make is placing trades based on “feelings.”

Before placing a trade, check three indicators:

MACD (Golden Cross / Death Cross)

RSI (Overbought / Oversold)

Bollinger Bands (Contraction / Breakout)

Only consider entering a trade if at least two indicators give the same signal.

4. Stop-loss is more important than profit

If you are wrong about the direction, cut your losses immediately; hesitating for even a second can lead to greater losses!

Fixed stop-loss method: No single trade should lose more than 3% of your capital.

Dynamic stop-loss method: After a 50% profit, if there is a 20% retracement, take profit immediately.

Remember: Dignity is more important than money; don’t compete with the market!

5. Withdraw weekly to secure profits

Many people are reluctant to withdraw their earnings, and as a result, end up giving it all back during a market correction.

My habit is: After making a profit each week, I first withdraw 40% to my bank card,

and keep the rest rolling.

This way, I can secure profits while maintaining capital growth.

Making money in cryptocurrency is not difficult; the challenge lies in preserving profits.

I hope these experiences help you avoid pitfalls and achieve stable profits soon!