Treating cryptocurrency trading as a job is the only way to truly make money
In the early years of entering the market, I was like most people: staying up late watching the market, chasing spikes and drops, facing liquidation, insomnia, I experienced it all
Later, I completely changed my approach, focusing on one thing—treating cryptocurrency trading as a formal job: clocking in and out on time, strictly following the plan
Below are the experiences I learned from losing real money, which beginners should pay attention to
1. Operating after 9 PM is more reliable
During the day, the news is chaotic and the market fluctuates wildly. I now basically start trading only after 9 PM, when the market has digested the daytime news, the K-line trend is cleaner, and the direction is clearer
2. Take profits promptly, avoid greed
When you earn 1000 U, first withdraw 300 U, and continue operating with the rest. I have seen too many people who “made three times but want five times,” and a single correction not only wipes out profits but also puts the principal at risk
3. Trust indicators, not feelings
Entering based on feelings is the fastest way to liquidation. Install TradingView on your phone and always check these three indicators before trading:
· MACD: Is there a golden cross or death cross?
· RSI: Is it in the overbought or oversold zone?
· Bollinger Bands: Is there a contraction or breakout signal?
At least two of these should indicate the same direction before considering entry
4. Dynamic stop-loss to protect profits
When you have time to watch the market, gradually raise the stop-loss level as the price increases. If you cannot monitor the market, be sure to set a hard stop-loss to guard against sudden crashes
5. Withdraw regularly to lock in profits
The numbers in your account are not real money; only when withdrawn to your bank card is it real. For every profit, it is recommended to withdraw 30%-50%, do not leave all profits in the market hoping for doubling
6. Learn to analyze charts in layers
For short-term trading, focus on the 1-hour chart and watch for opportunities to go long when there are two consecutive bullish candles. If the market is ranging, switch to the 4-hour chart to find support levels, and consider entering when the price approaches support
7. Avoid these pitfalls
Never over-leverage; one mistake could lead to zero
Avoid cryptocurrencies you do not understand, steer clear of unclear projects
Trade a maximum of 3 times a day to avoid emotional trading
Never borrow money to trade cryptocurrencies! Remember!
Cryptocurrency trading is not about getting rich quickly on impulse, but relying on long-term, stable execution of a strategy
Treat it as a job, log in on time every day, execute according to plan, clock out when it's time, and completely relax when you need to
You will find that money is made more steadily and for longer.