Blood loss of millions exchanged for 6 cryptocurrency trading survival tips! A must-keep for beginners, avoid 90% of the pitfalls!

1. Choose the right trading time and avoid daytime "minefields"

During the day, the cryptocurrency market is an "information battlefield"! False positives and false negatives are everywhere, prices fluctuate wildly, and if you're not careful, you can be lured into traps. It is recommended to avoid the daytime chaos and start trading after 9 PM—by then, the news has settled, K-line patterns are clear, and direction judgment is more accurate, effectively adding a "safety lock" to your trades!

2. Lock in profits, don't let them "fly" away

"Wanting to earn more after making a profit" is the root of losing money! Don't fantasize about doubling your money; locking in profits in time is the way to go: for example, if you earn 1000U in a day, immediately withdraw 300U to your bank card, and trade with the rest. I've seen too many people earn 3x and greed for 5x, only to end up losing everything after a final pullback—money in your wallet is real money!

3. Let indicators speak, refuse "gut feeling" decisions

Making trades based on feelings = gambling! At the very least, understand K-lines, volume, MACD, and support your judgments with data, and don't be swayed by "group friends calling trades" or "feeling it will rise"; every trade must have logic.

4. Stop-loss needs to be "alive", the principal is the bottom line

When monitoring the market: adjust your stop-loss flexibly! If you buy at 1000U and it rises to 1100U, immediately raise your stop-loss to 1050U to lock in 50U profit;

When not monitoring: set a 3% hard stop-loss! Prevent sudden crashes from wiping you out—if the principal is intact, there is a chance for a comeback!

5. Force weekly withdrawals, refuse digital games

Money in the account that is not withdrawn is always just a string of numbers! My habit: every Friday, I transfer 30% of the profits to my bank card, and roll over the rest—by insisting on this long-term, both my wallet and account grow steadily, and psychological pressure is much lower.

6. Avoid these pitfalls at all costs!

❌ Leverage should not exceed 50 times; the higher the risk, the more uncontrollable it becomes;

❌ A maximum of 3 trades per day; frequent trading makes it easy to lose your head;

❌ Never borrow money to trade cryptocurrencies; don't touch money you can't afford to lose!

Final advice: Trading cryptocurrencies is not gambling; treat it as a "serious job"—clock in and out on time, shut down and rest at the right time, maintain rationality, and you'll earn more steadily!