In the ups and downs of the cryptocurrency world, the pitfalls I've encountered could fill a basket. Here are 8 guidelines for beginners to avoid pitfalls, without any flashy theories; each one can help you mitigate capital losses.

First, control the urge to place random orders. Before effective K-line pattern signals that you have repeatedly verified appear, it's better to stay in cash than to blindly open positions. It's like playing Dou Di Zhu and getting stuck with a bad hand, just giving away points. Wait for the market to provide clear entry signals, and your win rate will double.

Second, wait for the market to clear noise. During the day, news is chaotic, and K-lines often contain traps to lure traders in and out. After 9 PM, the market sentiment tends to stabilize, and the volume and trend gradually return to reality; most of my key opening and closing decisions are made after this time.

Third, take profits on unrealized gains in a timely manner. When the account has unrealized gains of 1000U, immediately withdraw 300U to the fiat account, and gamble with the rest. I've seen too many people have enough unrealized gains for a house, but due to market corrections, they fall below their holding costs, losing all their capital. The cryptocurrency market operates 24/7, and capital is fundamental.

Fourth, verify indicator resonance before placing orders. A single indicator is weak in reference; combine moving averages, MACD, volume, and other dimensions for confirmation to avoid being misled by false breakouts.

Fifth, use dynamic stop-loss to protect profits. Employ a trailing stop-loss strategy; for every unrealized gain of 100U, move the stop-loss line up by 50U. When offline, set a 5% static stop-loss to avoid the risk of overnight spikes.

Sixth, withdraw forcibly at 3 PM on Fridays. No matter how much profit is made each week, withdraw 30% to the fiat account; keeping part of the profit helps stabilize your mindset.

Seventh, switch views of the same coin across different time frames. For short-term trades, focus on the 1-hour chart; two solid bullish candles may indicate an entry point. In a volatile market, switch to the 4-hour chart to find key support/resistance levels for clearer direction.

Eighth, stay away from high leverage. Newbies should keep contract leverage within 3 times; anything above 10 times is purely gambling with your life, with a high probability of liquidation.

I, Uncle Cat, have always engaged in real trading without creating virtual accounts or making empty promises. Currently, the team still has open positions; if friends want to thoroughly understand contract trading logic and break free from the cycle of losses, let's gather together for practical operations to earn guaranteed profits @比特阿猫 .