Remember these 8 iron rules, even a newbie can drive a Maserati
A 10-year veteran in the crypto world tells you:
Newbies die fast, veterans live long!
I used to lose money to the point of questioning life, but now I consistently earn 50%+ every year, all thanks to these old-fashioned yet incredibly useful tricks!
1. Can't control your hands? Just chop them off!
If the market doesn't show the patterns you're familiar with? Don't place an order! Isn't scrolling Douyin more enjoyable?
It's like playing Mahjong; if you can't win with the hand you have, forcing it is just giving away money!
2. Night owls are the kings of the crypto world
The market behaves erratically during the day, fake news is everywhere, and it's all just the tricks of the market makers!
After 9 PM, when the market makers are full from dinner, the market reveals its true form, and the chances of winning double at this time!
3. Take profits first, don't be a gambling fool!
Earned 1000 USDT? Withdraw 300 USDT to your bank account first! Play with the rest as you wish.
I've seen too many people make enough to buy a Panamera but refuse to cash out, and end up unable to afford a shared bicycle!
4. Always check the "demon mirror" before placing an order
Make sure to have TradingView set up, and look at these three indicators:
MACD golden cross and death cross (the crossing of two lines determines the timing of buying and selling)
RSI overbought and oversold (run if it exceeds 70, get ready to bottom fish if it's below 30)
Bollinger Bands contraction and expansion (contraction = a sign of trend change, expansion = a trend is coming)
5. Be flexible with stop losses, don’t be rigid!
Sitting in front of the computer? Use the "moving castle" stop-loss method: if you make 100 USDT, raise your stop-loss line by 50 USDT to repeatedly lock in profits!
Out walking the dog? Set a hard stop loss at 5%, so even if the market maker crashes the market at midnight, you won't get hit!
6. Must distribute profits every Friday, rain or shine!
Whether you earn 10,000 or 1,000, withdraw 30% to your bank account promptly at 3 PM on Friday!
If the money isn’t in your account, it’s just a number, and it will eventually go back to the market!
7. Watching K-lines is like binge-watching a series, don’t get overly excited!
Want to make quick money? Focus on the 1-hour chart; if you see two consecutive bullish candles, go for it!
Is the market constipated (sideways movement)? Switch to the 4-hour chart to find support levels, just like looking for a restroom sign!
8. These traps are certain death!
Leverage over 10x = seeking death (newbies are advised to practice with 3x, surviving is the most important)
Shitcoins and Dogecoin are just scythes for harvesting retail investors; don’t touch them!
Only place a maximum of 3 orders a day; can't stop like you're munching on seeds? Then you're not far from zeroing out!
