To be honest, in recent years I have deeply realized a truth:
In trading cryptocurrencies, the most stable way is to treat it as a rigorous business.
In the initial years of entering the circle, I was like a headless fly, soaking in the market day and night, chasing the tail of the market. Whenever there was a slight disturbance in the market, my heart would race, panicking when it dropped, and unable to resist going all in when it rose. As a result, I suffered devastating losses, my mentality collapsed, and I often suffered from insomnia at night. Later, after reflecting on my pain, I changed a key habit—if I do not see familiar and verified trading signals, I will not easily take action. I would rather miss some opportunities than blindly mess around.
With this seemingly 'clumsy' method, I have survived in the crypto world and can now achieve a stable return of over 50% annually. No longer relying on elusive luck, but strictly adhering to trading discipline.
I have summarized the hard-earned lessons from my years of losses into 7 life-saving pieces of advice, all of which are genuine insights.
Choose the right trading hours. During the day, the market is flooded with various true and false news, and the market fluctuates like a roller coaster. I usually start trading after 9 PM, as the impact of market news stabilizes after a day of digestion, making trends clearer and direction easier to judge.
Take profits promptly. As long as you are in profit, don't be greedy. For example, if I earn 1000U today, I will immediately withdraw 300U to my bank account. Remember, the numbers in the account are just numbers; only what you actually receive is real money. If you keep thinking about 'doubling it again,' once the market adjusts, you might not even be able to keep your principal.
Rely on indicators for decision-making. Never trade based on feelings, such as 'I think this wave is going to rise,' as that is pure gambling. I focus on three key indicators:
MACD: Pay attention to the golden cross and death cross signals, which are important indicators of trend changes. RSI: Overbought and oversold conditions help me determine whether the market is too hot or too cold. Bollinger Bands: Observe the contraction and breakout situations to assist in judging the price's fluctuation range and trend direction.
I will only consider placing an order when two of these three indicators send consistent signals. This is not laziness but a way to avoid becoming a victim again.
Set stop losses flexibly. If you can keep an eye on the market, use a dynamic stop-loss strategy. For example, if you open a long position with 1000U and the price rises to 1100U, immediately raise the stop-loss level to 1050U. This way, you can lock in some profits and control risks. But if you have to go out and can't watch the market, set a hard stop-loss at 3% to prevent the market from harming you with any 'what-ifs.'
Regularly withdraw profits. No matter how much U is in the account, it is just a numerical game; only when it becomes money in the bank account is it truly yours. I insist on withdrawing 30% of the profits to my bank card every Friday. After sticking to this habit for three months, you will find that even if the market is terrible, you won't return to square one overnight.
Master the K-line techniques. When trading short-term, focus on the 1-hour chart. If two consecutive bullish candles appear, consider following up with a long position; if the market is stagnant, switch to a 4-hour chart to look for support levels, and only consider entering when the price touches the support line. Do not blindly chase after rising prices.
Remember the iron rules of trading:
The leverage should not exceed 10 times; beginners should control it within 5 times. Make a maximum of 3 trades a day; doing more can lead to heated decisions and mistakes. Avoid coins like Dogecoin and Shitcoin that lack actual value support; they are often setups by traders. Never borrow money to trade; this is a major taboo in trading, as losses could put you in a situation from which you can't recover.
The crypto world is not a casino but a battlefield full of challenges and opportunities. To win on this battlefield, it requires not temporary passion and impulse, but strict discipline and rational decision-making. Treat trading as a serious job, clock in and out on time, withdraw profits promptly, and decisively cut losses if you incur losses.
You will find that:
Money is earned more steadily, and the mindset is much more relaxed.
And that goal of '10 million' is no longer out of reach.