In the first two years after entering the market, I was just like most retail investors:
Staring at perpetual contracts at midnight, chasing hot coins and becoming a bag holder, experiencing liquidation to zero margin, and the anxiety of refreshing trading software as soon as I woke up—I went through it all.
It was only later that I realized trading coins is not speculation.
Treat it like a 9-to-5 job, log in on time, and execute according to strategy, and I ended up not losing money.
These points are valuable lessons learned through real money:
1. Don’t rush to follow the "news wave"; open positions after 9 PM.
During the day, funds may dump, and rumors cause chaos, making the K-line jump around like an ECG.
After 9 PM, news is mostly digested, the main players' movements are clearer on the K-line, and the Bollinger Band patterns become more evident, making the long-short signals more reliable.
2. Take profits when you see them; don’t be greedy for the "doubling dream".
Withdraw 400U out of 1000U profits to a cold wallet, and you can leave the rest to play with.
I’ve seen too many people hold onto three times their floating profits, unwilling to exit; a deep correction could wipe out everything, even their principal.
3. Trust the indicators, not your "sixth sense".
Install TradingView on your phone, and always check the MACD golden cross and death cross, RSI overbought and oversold, and Bollinger Bands for squeeze breakout before opening a position;
At least two of the three indicators should resonate before considering entry; placing orders based on gut feeling is the quickest route to liquidation.
4. Stop-loss should "follow the rise".
If you can monitor the market, set a dynamic stop-loss; for example, if you buy coins at 1000U and they rise to 1100, immediately move the stop-loss up to 1050;
If you can’t monitor, set a hard stop-loss at 3% to guard against sudden black swans.
5. Make withdrawals a habit. The account balance represents floating profits; only converting to fiat gives you real money.
Withdraw 30%-50% of each profit; don’t dump it all in to bet on tenfold increases.
Finally, key point: avoid high leverage and heavy positions, don’t buy scam coins, limit yourself to a maximum of 3 trades a day to prevent emotional trading, and absolutely don’t borrow money to trade!
Trading coins relies on discipline, not luck; treat it like a job and follow the rules, and money will come more steadily.
Follow me for practical tips that can be applied, see you in the Binance chat room. @比特阿猫
