Don't stay up late staring at the market as a 'crypto special forces' anymore! Back in the day, I was just like you, still grinding over K-lines at three in the morning, chasing gains and cutting losses more fiercely than anyone else. What was the result? My account shrank, I lost sleep and hair, and couldn't eat. I turned myself into a 'crypto circle victim'. Until I completely gave up and treated crypto asset trading as a nine-to-five job, guess what happened? I didn't earn less money, and I felt more relaxed! Today, I'm sharing all the hard-earned lessons I learned after losing six figures; new traders should save this directly, and veterans might want to check if they're still stepping in those old pits!
In the crypto market, the vast majority of people lose not because they lack talent, but because they treat trading as 'gambling'—placing impulsive orders and relying on feelings to exit. Those who can achieve long-term results are the ones who take it seriously. The following 7 iron rules are the operational guidelines I execute every day, and they are proven effective!
1. Refuse the 'market stall' type of trading during the day; recognize the golden operating windows.
Have you noticed that the daytime market is like a vegetable market, with news flying everywhere, and fluctuations as chaotic as headless flies? One moment there’s a policy rumor, the next moment there’s project good news; buying just makes it drop, selling just makes it rise; it’s purely self-inflicted suffering. I have completely given up on daytime operations; I steadfastly open the trading software only after 9 PM. By this time, the market news is basically digested, and the K-line trends have shed their 'disguises'; the direction of whether to rise or fall is clear at a glance, and the winning rate directly doubles!
2. Share the spoils once you profit; don't be a 'paper millionaire'.
Greed is the number one taboo in trading! I have seen too many people who, after making a little profit, get carried away, thinking about doubling or tripling it, only to find that a single pullback brings them back to square one, losing even their principal. My current rule is to withdraw 30% as soon as there is a profit to secure it. For example, if I earn 1000 stable assets, I immediately transfer 300 to my wallet and let the rest follow the market trends. Don’t underestimate it; everyone understands that little by little adds up. At least you have secured some profits in hand, which is better than ending up empty-handed!
3. Indicators are the navigation instruments; feelings are the 'death tokens'.
The most common mistake for beginners is entering the market based on 'feelings': 'I feel like it's going to rise' or 'I think this can double'. Listen to me, throw these thoughts as far as you can; that’s the quickest way to shrink your account! Before I make a trade, I always use common charting tools to check three core indicators, none of which can be missing: MACD to see if there’s a bullish or bearish signal, RSI to check if the market is overbought or oversold, and Bollinger Bands to see if the market is about to break out or consolidate. I only consider entering the market if at least two of these three indicators give a consistent direction; this is my 'safety rule'.
4. Stop-loss must learn to 'move up'; preserving life is more important than making money.
There is no 100% win rate in trading; stop-loss is your 'lifeline'. I have two stop-loss habits: when I can monitor the market, as long as the market rises, I move the stop-loss up accordingly. For example, if I enter at a price of 1000 and it rises to 1100, I move the stop-loss to 1050. Even if the market pulls back, I can still secure a profit of at least 50 points; if I don’t have time to monitor, I will definitely set a hard stop-loss of 3 points in advance to prevent sudden market movements from wiping out the account. Remember, as long as the green mountains are there, you don’t have to worry about not having firewood!
5. Account numbers are just floating clouds; actual deposits are true gold and silver.
Many people watch the numbers in their accounts continuously rising and start to get carried away, fantasizing about multiplying their investment tenfold or a hundredfold, and are reluctant to withdraw. I tell you, no matter how good the numbers in the account look, they are just a string of codes; only when they are transferred to your wallet or bank account do they truly belong to you! My principle is to withdraw 30%-50% every time I complete a profitable trade, either to save it or to improve my life. Don’t leave all profits in the market to 'bet on the future'; beware of getting nothing in return.
6. There are skills to looking at K-lines; don’t just click and flip randomly.
Many people look at K-lines just by flipping through them; switching back and forth between 1-minute charts, 5-minute charts, and 1-hour charts only makes it more chaotic. In fact, looking at K-lines is very simple; just divide it by situation: for short-term trading, focus on the 1-hour chart. As long as two consecutive bullish candles appear, you can focus on potential long opportunities. If you encounter sideways consolidation, switch to the 4-hour chart to find support levels. Only consider entering the market when the price approaches the support level, which can greatly reduce risk. Remember, more K-lines are not necessarily better; finding the right cycle is key!
7. These 4 pitfalls, stepping on one means losing one; definitely don’t touch them!
Lastly, let me remind everyone, these 4 pitfalls are what I learned from losing a lot of money back then; don't step in! First, don't engage in heavy positions with leverage; leverage is like a double-edged sword; if the direction is right, it can amplify profits, but if wrong, it can directly kick you out. Second, don’t touch the obscure altcoins you don’t understand; many of them are just Ponzi schemes, entering means getting harvested. Third, do a maximum of 3 trades per day; the more trades you do, the easier it is to lose control of your emotions, and the greater the probability of making mistakes. Fourth, and most importantly, never borrow money to trade! Don’t! Don’t! Don’t! I could say this a hundred times; the outcome of borrowing money to trade is likely to end in total loss.
In fact, in the crypto market, those who want to earn quick money often end up not making money. Those who can achieve stable profits are the ones who understand restraint and have their own trading systems. Treat trading as a job; analyze the market on time, execute operations as planned, and take breaks when the time is up. Don’t let the market occupy all your life. You will find that when your mindset is stable and your operations are correct, money can instead be made more steadily.
Today's practical tips end here; these are my genuine trading insights. If you find them useful, be sure to like and save, and follow me! @男神说币 In the next episode, I will break down the practical skills of the charting tools I commonly use and teach you how to accurately judge entry signals, avoiding 90% of beginner pitfalls. What mistakes do you usually make when trading? Leave a message in the comments, and I will help you analyze it! #加密市场反弹 $BTC
