When I first started trading cryptocurrencies, like many others, I would monitor news during the day and stay up late at night watching the market, chasing rises and falls, and hardly ever got a good night's sleep. At that time, my emotions were running high; I feared losing my gains and was unwilling to give up when I lost, always thinking I could make it back with the 'next trade.' The result was that my account kept shrinking and my emotions kept collapsing. Eventually, I forced myself to change my mindset and treat trading as a 'job': opening the market on time every day, reviewing regularly, executing according to strategy, not relying on feelings, and not chasing trends. Gradually, I stabilized my rhythm; now the returns may not be as exciting, but they are steady and reliable, with an annualized return of around 50%.
Summarizing some experiences I've整理出 after stepping on pits in my own practical trading, sharing with newcomers who just entered the market—these are really lessons learned from real trading losses: 1. Don't start trading after 9 PM; the news during the day is chaotic, and the market can easily be influenced by news, especially with a lot of false information. I prefer to wait until after 9 PM to look at the market, as the news has mostly settled by then, and the technical aspects are clearer. For me, this makes my trading more rational and increases my win rate. 2. Take out a portion of your profits and don't fantasize that every trade can double. For example, if I made 1000U today, I would directly withdraw 300U to my bank card, leaving the rest for compound interest. Being unable to control the desire to 'earn a little more' is the root cause of many people losing back their profits. 3. Let indicators speak, don’t rely on feelings; feelings are the least reliable basis for decision-making. I use TradingView to look at three things: MACD to check for golden/cross signals; RSI to see if it's overbought/oversold; Bollinger Bands to check for squeeze/breakout signals. Only when more than two signals align do I consider entering; otherwise, I prefer to wait. 4. Stop-loss and take-profit should be paired. If I am monitoring the market and profits are rising, I will manually adjust the stop-loss price upwards to lock in some profits. But if I have to step out and can't monitor the market, I will directly set a fixed stop-loss of 3% to avoid a sudden market crash. 5. Withdraw fixed amounts weekly; money that isn’t withdrawn is just a number. Every week, I will transfer 30% of the profits to my bank card, leaving the remainder to continue compounding. This habit is crucial; otherwise, even if you make money, you might end up with nothing in the end. 6. Don’t randomly change K-line charts. When doing short-term trading, I only look at the 1-hour chart: if two consecutive bullish candles appear, I pay attention to potential long opportunities. If the market is directionless, I switch to the 4-hour chart to find key support/resistance levels before deciding to enter. 7. Avoid danger zones (must remember): leverage should not exceed 10 times; beginners should ideally keep it below 5 times. Don’t touch those altcoins or shitcoins; in one wave, you can lose everything. Limit trades to a maximum of 3 times a day; frequent trading can lead to loss of control. Never borrow money to trade cryptocurrencies, never! One last thing: trading cryptocurrencies is not about impulse and luck.
I am Xiao O, a professional analyst and teacher, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion, avoid pitfalls, and speak with strength. When you feel lost and don't know what to do, follow Xiao O; I will guide you in the right direction #加密市场回调 .
