Want to make money from trading cryptocurrencies? Change your “luck-based” mindset first—treat it as a side job or even a full-time job, and only then will you truly grasp the ways to profit.
I was a typical novice in my early years: staying up late to watch the market until my eyes turned red, chasing highs and cutting losses became the norm. Last year, during a sudden surge of $SOL , I followed the trend and went all in, resulting in a liquidation and losing everything. I was so anxious I couldn't sleep all night; I have gone through all these frustrating experiences.
Later, I completely changed my mindset: I treated every trade as a work task, set rules, and followed processes, which gradually turned my losses into profits. I suggest newcomers to jot down these practical experiences gained from losses and stick them on their computers.
Choose “golden time slots” for trading: during the day, news is chaotic and fluctuations are erratic. Last week, during the day, $ETH was flat for 8 hours, but after 9 PM, the direction became clear, and I reached my target profit half an hour after entering.
Don’t rely on feelings to open positions; I use TradingView to check MACD and RSI, and combine it with Bollinger Bands. Only enter when at least two indicators are aligned, which directly increases my win rate by 30%.
Take profits in a timely manner: when I earn 1000U, I withdraw 300U to a cold wallet. Withdraw 30%-50% of each profit. No matter how good the account balance looks, if it’s not in your pocket, it’s all virtual.
Be flexible with stop losses: if you have time to watch the market, raise your stop loss with the trend. If you don’t have time, set a hard stop loss at 3%; never hold onto a losing position.
Look for opportunities on the 1-hour chart for short-term trades; switch to the 4-hour chart for support during sideways movement for higher efficiency.
Avoid these pitfalls: do not engage in high leverage, do not buy altcoins you don’t understand, limit yourself to a maximum of 3 trades a day to avoid fatigue, and absolutely do not borrow money to trade cryptocurrencies.
Trading cryptocurrencies is never about getting rich impulsively; it’s about executing a long-term strategy.
Treat it seriously like a job, and follow the rules for each trade, so you can survive and profit in the market.
I used to stumble in the dark alone, but now the light is in my hands.
The light is always on; will you follow? @不贪的阿 K
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