Who understands, family! In the first two years after entering the crypto world, I literally turned myself into a 'night owl + big spender', staring at the market until 3 AM, downing 8 cups of coffee, my eyes red like a rabbit, just to chase those tiny fluctuations; when others said a certain cryptocurrency was going to skyrocket, I immediately went all in, only to find out that they had run away while I was left holding the bag; when my account balance was down to pennies, I couldn't sleep for entire nights, even doubting whether I was born without the 'crypto trading gene'.
Until one day, I was staring at the screen full of green candlesticks and suddenly realized: trading cryptocurrencies is not about desperation, but about discipline! Over the past few years, I have transformed from a 'night owl gambler' to a 'trader who works regular hours', relying on a method that is 'extremely simple yet effective'. Not only did I survive three bear markets, but my annual returns have also remained stable at over 50%.
Today, I’m sharing 7 life-saving tips that I hammered out with real money; new traders can avoid 3 years of detours, while seasoned investors can recover their previously lost principal!
1. Reject 'daytime vegetable market行情'; real opportunities come after 9 o'clock.
The cryptocurrency world during the day is an 'information garbage dump'; one moment a project is said to be funded, the next a certain institution is dumping. The news is often a mix of truth and falsehoods, and K-lines behave like they’ve eaten jumping candies, making it easy for beginners to be fooled into entering the market by false signals, ultimately becoming 'bag holders'.
I now strictly follow a '9 to 5' routine: work during the day, slack off when I can, and absolutely do not look at the market! After 9 PM, when market sentiment calms down and news settles, K-line trends become 'clean and clear', and it’s at this time that entering the market doubles my win rate. Remember: the market is never lacking; what’s lacking is the patience to not be impulsive.
2. When you profit, 'defuse the bomb'; turning numbers into cash is called profit.
The worst part of the cryptocurrency world is not losing money, but 'having once made money'! I've seen too many people who made 1x and wanted 2x, made 3x and wanted 5x, and ended up losing all profits in one retracement, even incurring losses on their principal.
My iron rule: as long as profits exceed 10%, immediately withdraw 30% to a traditional financial account! For example, if I earn 1000 trading units today, I first transfer 300 to secure my gains, and the rest can be reinvested. Don’t think 'this little money isn’t necessary'; over time, you will find your 'real wealth' in your account growing, and even if the market retraces later, it won’t affect your quality of life.
3. If indicators are 'three missing one', don’t act; going by feelings = giving away money.
The most common mistake beginners make is 'going with their feelings': buying when they think a coin will rise and selling when they think it will fall, ultimately becoming 'experts at chasing highs and selling lows'.
Listen to me, install TradingView on your phone; before trading, you must check three indicators: whether MACD has a golden cross/death cross, whether RSI is overbought/oversold, and whether the Bollinger Bands are contracting or breaking out. At least two of the three indicators must give consistent signals before considering entering! For example, MACD golden cross + RSI not overbought + Bollinger Band breakout; at this point, you can try a small position. If only one indicator meets the criteria, even if the market looks tempting, do not take action.
4. Stop-loss must be 'flexible + hardcore', providing double insurance for profits.
Stop-loss is the 'lifeline' in the cryptocurrency world, but many people either don’t set stop-losses or set them and then ignore them, ultimately losing everything in a market crash.
My stop-loss strategy has two types: ① When I can monitor the market, use 'trailing stop-loss' such as buying at 1000 points, and when it rises to 1100 points, raise the stop-loss to 1050 points; when it rises to 1200 points, raise it to 1150 points, effectively giving profits 'automatic insurance'. Even if the market retraces, most profits can be preserved; ② When I cannot monitor the market (for example, when going out or sleeping), I must set a '3% hard stop-loss', automatically closing positions at a set time regardless of how the market changes, never taking chances. Remember: preserve your principal to wait for the next opportunity.
5. Friday is 'mandatory payday'; withdraw every week.
There's a strange phenomenon in the cryptocurrency world: many people have increasing numbers in their accounts but have never withdrawn, and in the end either lose it all or can't withdraw due to platform issues, which means all their efforts were in vain.
Every Friday, I have a 'ritual' where I consistently withdraw 30% of the profits from my account! No matter how much I earn in a week, even if it’s just 100 trading units, I must withdraw 30. The benefit of this practice is: it allows you to tangibly feel that 'trading cryptocurrencies can be profitable' and prevents you from being greedy and putting all your principal into the market. While reducing risk, you can also gradually accumulate wealth.
6. There are 'shortcuts' to viewing K-lines; different cycles have their nuances.
Many people look at K-lines either only viewing 1-minute charts, getting misled by volatility; or only looking at daily charts, missing short-term opportunities. In fact, finding the right cycle for K-line analysis can increase the win rate by 60%:
For short-term trades (1-3 days): look at the 1-hour chart; as long as the price closes with two consecutive bullish candles and the trading volume increases, it's possible to go long with a small position; if there are two consecutive bearish candles, consider going short.
When the market is sideways: switch to the 4-hour chart to find support/resistance levels. If the price drops near the support level and indicators give a buy signal, then enter; if it rises near the resistance level and indicators give a sell signal, exit decisively. Don’t waste time and incur fees during sideways markets.
7. These 4 pitfalls, stepping into one means losing half! (A bloody lesson)
① Never be greedy with leverage: beginners should use a maximum of 5x leverage, and seasoned investors should not exceed 10x. Leverage is an 'amplifier' that can amplify profits as well as losses. Many people add 20x or 50x leverage, and a small retracement can lead to forced liquidation.
② Stay away from 'airdrop coins': those without technology, teams, and relying solely on marketing hype. They seem to rise sharply but are actually 'packages to cut leeks'; when you enter, you intend to make quick money, but often your principal becomes firmly trapped.
③ At most, do 3 trades in a day: the more trades you make, the more chaotic your mindset becomes, easily turning from 'rational trading' to 'impulsive gambling'. Even if the first 3 trades are losses, don’t think 'I’ll make it back on the next trade'; stop in time to preserve the remaining principal.
④ Absolutely do not borrow money to trade cryptocurrencies: regardless of what others say about 'this coin must double' or 'now is the best time to bottom fish', don’t borrow money or take loans to trade. Once you incur losses, you not only lose your principal but also have to pay interest, which could lead to bankruptcy.
Finally, let me say something heartfelt.
The cryptocurrency world has never been a casino for 'getting rich overnight', but a battlefield for 'slowly getting rich'. I went from losing sleep to being able to work regularly, not relying on luck, but on the discipline of 'not being greedy, anxious, or impulsive'.
If you are still staying up late watching the market, chasing highs and selling lows, why not try my method of treating cryptocurrency trading as a serious job: work regular hours, maintain discipline, control risks, and you will find that stable profits are not that difficult.
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