After 8 years of cryptocurrency trading, going from losses to sleepless nights to now stable profits,
it all relies on stubbornly sticking to a simple method:
If the market doesn't show familiar signals, I resolutely don't make a move; I'd rather miss out than make random trades. Thanks to this, I can maintain an annual return rate of over 80%.
Here are a few life-saving tips for beginners:
Make trades only after 9 PM: During the day, there are all sorts of fake news flying around, and prices fluctuate wildly; at night, the market trends are cleaner, making it easier to see the direction. Take profits quickly: For example, if you earn 1000 USDT, withdraw 300 USDT and continue to play with the rest; don't always think about doubling your money. I've seen too many people earn and then not cash out, only to end up losing it all. Before making a trade, check if there’s a MACD golden cross or death cross, and whether the RSI indicates overbought or oversold conditions; at least two of these three indicators should agree before taking action. Be flexible with stop-loss: When you have time to monitor the market, if you're in profit, manually move the stop-loss price up (for example, from 1000 to 1100) instead of letting the system automatically stop-loss. But if you have to go out, set a hard stop-loss at 3% to guard against sudden market crashes. You must withdraw funds every week: No matter how much you earn, if you don't cash out, it's just numbers! Every Friday, without fail, I transfer 30% of my profits; the rest continues to be reinvested.
There are tricks to reading candlestick charts:
For short-term trading, focus on the 1-hour chart; if the price rises for two consecutive hours, go long; if it's consolidating, switch to the 4-hour chart to find support levels, and enter the market when it nears the support line.
Avoid these pitfalls:
Don't use leverage exceeding 10 times (beginners are advised to stay within 5 times); avoid tokens like Dogecoin or other low-quality coins; limit yourself to a maximum of 3 trades per day; overtrading can lead to losses. Absolutely do not borrow money to trade cryptocurrencies!
Remember: Trading cryptocurrencies is not gambling; treat it like a job, clock in at the designated time, and then shut down your computer,
eat when it's time to eat and sleep when it's time to sleep, and the money will come more steadily.
Successfully recouping losses and doubling the account. Stay disciplined, position yourself early, and enjoy the big profits!!!