Some Advice for Newcomers in the Crypto World

1. Trade after 9 PM

During the day, information is too chaotic, with various false positives and negatives flying around, causing market fluctuations that can feel like a frenzy, making it easy to get scammed into trades.

I usually wait until after 9 PM to make moves, as by then the information has stabilized, and the candlestick charts are cleaner, providing clearer direction.

2. Take profits immediately

Don’t always think about doubling your money! For instance, if you earned 1000 U today, I recommend withdrawing 300 U to your bank account immediately, and continue trading with the rest.

I’ve seen too many people who “made three times and wanted five times” end up losing everything with just one pullback.

3. Look at indicators, not feelings

Don’t trade based on feelings; that’s just gambling.

Install TradingView on your phone and check these indicators before placing a trade:

• MACD: Is there a golden cross or death cross?

• RSI: Is it overbought or oversold?

• Bollinger Bands: Is there a squeeze or a breakout?

Only consider entering the market if at least two of the three indicators give consistent signals.

4. Be flexible with stop losses

When you have time to monitor the market, move your stop loss up manually as you profit. For example, if your purchase price is 1000 and it rises to 1100, raise your stop loss to 1050 to secure your profits.

But if you need to go out and can’t watch the market, definitely set a hard stop loss of 3% to prevent sudden crashes from wiping you out.

5. Withdraw profits weekly

Money that isn’t withdrawn is just a numbers game!

Every Friday, without fail, I transfer 30% of my profits to my bank account, while continuing to roll over the rest. Over time, this will make your account grow thicker.

6. There are tricks to reading candlesticks

• For short-term trading, look at the 1-hour chart: if the price makes two consecutive bullish candles, consider going long.

• If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering near the support level.

7. Avoid these pitfalls!

• Leverage should not exceed 50x

• Avoid meme coins like Dogecoin and Shitcoin, as they are prone to being harvested

• Limit yourself to a maximum of 3 trades a day; too many can lead to loss of control

• Absolutely do not borrow money to trade cryptocurrencies

And one last piece of advice for you:

Trading isn’t gambling, treat it like a job. Show up and clock in at regular hours, and when it’s time, shut down. Eat well and sleep well, and you may find that you earn more steadily.