From nothing to something 💰 Sharing my cryptocurrency trading insights 🎉
Hello! I am a veteran trader who started as a rookie in the crypto world 😅, sharing my practical experience – these are lessons learned with real money, hoping to help newcomers avoid detours! 💪
🌙 1. Trade after 9 PM
There are too many messages during the day, making it easy to be influenced, especially with “fake news” everywhere! 🙈
I prefer to watch the market after 9 PM, when the news has settled, the trends are clearer, the decisions are more rational, and the win rate is higher! ✨
💸 2. Take some profits when you earn
Don’t fantasize about getting rich with every trade! For example, if I earn 1000 USDT, I withdraw 300 USDT to my bank account and let the rest keep compounding.
Control the impulse to “earn a little more,” or you might end up giving back all your profits! 😓
📊 3. Make decisions based on indicators, not feelings
Feelings are really unreliable! 🙅♂️ I use TradingView to check 3 indicators:
MACD: Golden cross/death cross signals for buy/sell
RSI: Overbought/oversold to judge market heat
Bollinger Bands: Squeeze/breakout to find entry points
Only consider trading when at least 2 signals agree; otherwise, be patient and wait! ⏳
🔒 4. Set take profit and stop loss together
The market fluctuates greatly, so protecting profits is important!
While watching the market: If profits increase, I manually adjust the stop loss price to lock in some gains.
When going out: I set a fixed stop loss of 3% to avoid sudden market crashes! 🚨
🏦 5. Withdraw fixed amounts weekly
Unwithdrawn profits are just numbers! 💻 I transfer 30% of my profits to my bank account every week and reinvest the rest.
This habit gives me peace of mind; otherwise, it could be a futile effort! 😞
📈 6. Don’t change the K-line chart randomly
For short-term trading, I only look at the 1-hour chart: If two consecutive bullish candles appear, I pay attention to long opportunities.
No clear direction? Switch to the 4-hour chart to find key support/resistance levels before deciding! 🎯
⚠️ 7. Newbie pitfalls
Don’t use leverage over 5 times; high leverage is too risky! 😖
Stay away from unknown altcoins; you might get liquidated! 🚫
Limit yourself to a maximum of 3 trades a day; frequent trading can lead to a loss of control! 😵
Never borrow money to invest; maintaining a stable mindset is the most important!
💡 Finally, I want to say
Trading cryptocurrencies isn’t about impulse and luck! Treat it like a “job,” set plans, stick to the rules, and set take profit and stop loss levels. Over the long term, making money will be easier! 🌟
Newbie friends, keep a calm mindset and take your time; you can find your own rhythm too!
