Who hasn't stumbled in the crypto space?
Clearly understanding the principle of stop-loss, yet always being trapped by the thought of 'just wait a little longer for a surge,' suffering losses while stubbornly holding on, staying up all night watching the market, chasing highs and cutting losses, and ultimately seeing the account shrink to the point of sleeplessness.
Later, I walked through pitfalls and summarized a simple method, which instead led to gradual profits— the core principle is: without confirmation signals, absolutely do not take positions; it’s better to miss out than to enter blindly.
These experiences learned from losses should be firmly remembered by novice friends:
1. Avoid daytime volatility peaks. During the day, the news is chaotic, high-frequency trading is harvesting retail investors, and the market behaves like a 'roller coaster'.
I fixed my watching time after 9 PM; at this time, market noise decreases, the K-line patterns become more valuable for reference, liquidity stabilizes, and the trading mindset is also steadier.
2. Enter the market only when indicators resonate, don’t trust 'market feeling'.
Use #TradingView to adjust the turntable tool, #MACD to monitor volume golden and dead crosses, RSI to judge overbought and oversold zones, and Bollinger Bands to watch for breakout signals. At least two indicators must give the same directional signal before considering building a position; this is the most basic trading discipline.
3. Dynamic take-profit and stop-loss, lock in profits.
If you can monitor the market, adjust the stop-loss line as the price moves up, for example, if entering at 5000U and rising to 5200U, move the stop-loss up to 5100U to ensure at least some profits are secured;
If you can’t monitor the market, set a hard stop-loss at 3% to avoid the risk of being liquidated in a black swan event.
4. Focus on the K-line to find trading rhythm.
For short-term trading, look at the 1-hour chart; if there are two consecutive solid bullish candles, confirm bullish momentum before going long;
When encountering sideways fluctuations, switch to the 4-hour chart, find key support levels, and wait for the price to retrace to support and show reversal signals before entering the market.
5. Stay away from air coin traps.
Coins like Dogecoin and Shitcoin, which have no underlying logic, rely entirely on emotional speculation; after the market makers pump the price, they dump it, causing it to crash instantly—definitely avoid them.
The crypto space has never been about who makes money the fastest, but rather about who can survive the longest.
Control greed and uphold discipline to withstand bear markets and profit in bull markets.
Follow me for practical skills that can be applied, see you in the Binance chat room.