$POWER Many people always say: "The hardest part of the cryptocurrency world is not making money, but controlling one's greed."
You may not really not understand stop-loss, but rather because you are too greedy: hoping for a rebound, hoping to break even, holding on stubbornly despite losses, thinking about waiting for the last wave of the market.
$PUFFER You see your losses continually expanding, yet still tell yourself "just wait a bit more," treating this mindset as a belief, which is actually greed causing trouble.
I have also walked these winding paths, like most people, staying up late to watch the market, chasing highs and selling lows, and in the end, I lost so much that I could hardly sleep.
Until one day, I decided to grit my teeth and stick to a "simple method"—not rushing, only taking signals I was most familiar with. Gradually, I crawled out of losses and began to earn steadily.
Looking back, although this method is simple and clumsy, it really works.
If there are no signals I am familiar with, I absolutely will not act.
I would rather miss the market than place orders recklessly.
My suggestions are based on experiences I have personally summarized from live trading and are worth your reference:
1. Place orders only after 9 PM
During the day, there are too many messages, and the market is unstable, often disturbed by false positives and negatives, which can easily mislead you into making wrong entries.
I generally wait until after 9 PM to operate; by then, most market messages have been digested, and the K-line trend is cleaner with a clearer direction.
2. Look at indicators, do not rely on feelings
Do not open orders based on "feelings." Install TradingView on your phone and observe the following indicators:
MACD: Check if there is a golden cross or a death cross
RSI: Check if it is overbought or oversold
Bollinger Bands: Check if it has broken through or converged
If at least two of these three indicators give consistent signals, then you can consider entering the market.
3. Stop-loss must be flexible
If you can watch the market, raise the stop-loss once you make a profit.
For example, if the buying price is 3000, and it rises to 3100, raise the stop-loss to 3050 to ensure a profit.
If you cannot watch the market, set a hard stop-loss, preferably at 3%, to prevent sudden large drops.
4. Tips for reading K-lines
When day trading, look at the 1-hour chart. If there are two consecutive bullish candles, you can consider going long.
If the market is stagnant, switch to the 4-hour chart to look for support levels.
Only consider entering the market when the price approaches the support level.
Absolutely avoid those shallow altcoins, like Dogecoin or Shitcoin, as they are prone to being dumped.
