$MOODENG Is the cryptocurrency market an opportunity for those born after 2000? Three generations of poverty or a lifetime of wealth?
When I entered the market at 23, I was just an ordinary worker, working during the day and staying up late at night to watch the market, fantasizing that the next trade would double my money.
But reality quickly taught me: chasing trends and relying on feelings only makes your account smaller and your emotions more unstable.
Later, I forced myself to change my mindset and treated cryptocurrency trading as a 'job': opening the market on time every day, reviewing regularly, executing according to strategy, not relying on feelings, and not chasing trends.
Gradually, I stabilized my rhythm and learned to make money without tormenting myself.
Here are a few experiences I've learned from my own mistakes, shared for newcomers entering the market—these are truly lessons learned through hard losses:
1. Don't start trading after 9 PM
During the day, news is chaotic, and the market can easily be swayed by news, especially with a lot of fake news.
I prefer to wait until after 9 PM to look at the market; by then, the news has settled, the technicals are clearer, the operations are more rational, and the win rate is higher.
2. Take out a portion of your profits
Don't fantasize that every trade will double.
For example, if I made 1000U today, I would withdraw 300U to my bank card and keep the rest for compound interest.
3. Use indicators to make decisions, not feelings
Feelings are the least reliable basis for decision-making. I use TradingView to check three things:
MACD: Check for crossovers;
RSI: Check for overbought/oversold conditions;
Bollinger Bands: Check for squeeze/breakout signals;
Only if two or more signals agree will I consider entering, otherwise, I prefer to wait.
4. Stop-loss and take-profit should be aligned
While watching the market, when profits come in, I will manually adjust the stop-loss price upwards to lock in some gains.
If I need to step out temporarily and can't watch the market, I will set a fixed stop-loss of 3% to avoid being wiped out by sudden market movements.
5. Withdraw fixed amounts weekly
Money that isn't withdrawn is just a number.
I transfer 30% of my profits to my bank card every week, and the rest continues to roll over.
This habit is very important; otherwise, even if you make profits, you might end up with nothing in the end.
6. Don’t cut the K-line chart randomly
When trading short-term, I only look at the 1-hour chart: if two consecutive bullish candles appear, I pay attention to long opportunities.
If the market lacks direction, I switch to the 4-hour chart to find key support/resistance before deciding whether to enter.
Never borrow money to trade cryptocurrencies, never!
