Controlling your greed can actually make it easy to make money in the crypto world!

It's not that you don't understand stop-losses, it's just that you're too greedy: greedy for rebounds, greedy to break even, losing yet still holding onto positions, greedy for the last wave you think is good.

You watch your losses grow, yet you constantly persuade yourself to wait a little longer, thinking it's belief, but it's actually greed at play. Each time you face a significant loss, you're unwilling to admit you're wrong. The market doesn't fear foolish people; it fears those who are foolish yet stubborn, knowing about stop-losses but unwilling to take action.

In the first few years of trading coins, I was like many others, staying up late every night watching the markets, chasing gains and cutting losses, losing sleep over it. Later, I gritted my teeth and stuck to a simple method, which allowed me to survive and gradually start making steady profits!

Looking back now, this method may be simple, but it works: if I don't see familiar signals, I refuse to act!

I would rather miss out on opportunities than place random orders.

Here are a few suggestions based on my real trading experiences:

1. Make trades after 9 PM

During the day, news is too chaotic, with all kinds of false positives and negatives flying around, and the market jumps around like it's having a seizure, making it easy to get tricked into entering.

I usually wait until after 9 PM to make trades; by then, the news is generally stable, and the candlesticks are cleaner, with clearer direction.

2. Look at indicators, not feelings

Don't trade based on feelings.

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

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

——RSI: Is it overbought or oversold?

——Bollinger Bands: Is it squeezing or breaking out?

At least two of these three indicators must give consistent signals before considering entering a trade.

3. Stop-losses must be flexible

When you have time to monitor the market, if you're in profit, manually adjust your stop-loss higher. For example, if your entry price is 3000 and it rises to 3100, move your stop-loss up to 3050 to secure profits.

However, if you need to go out and can't monitor, you must set a hard stop-loss of 3% to prevent a sudden market crash from wiping you out.

4. There are tricks to reading candlesticks

For short-term trading, look at the 1-hour chart: if there are two consecutive bullish candles, you can consider going long.

If the market is moving sideways, switch to the 4-hour chart to find support lines: only consider entering near support levels.

5. Avoid these pitfalls

Don't touch coins like Dogecoin or Shitcoin; they're easy to get burned by. $BTC $ETH $BNB #比特币VS代币化黄金 #美SEC推动加密创新监管 #美联储重启降息步伐