Treat cryptocurrency trading as a job, going to work on time every day.
In the early years of Cryptocurrency Trading, like many others, I stayed up late every night, watching the market and chasing prices, losing sleep over my losses. Later, I gritted my teeth and insisted on using a simple method, and surprisingly, I survived and gradually began to make stable profits. Looking back now, this method, while clumsy, is effective: "If I don't see the signals I'm familiar with, I won't act decisively!" Better to miss the market than to place random orders. With this iron rule, I can now maintain an annual return rate of over 50%, and I no longer have to rely on luck to survive. Here are a few survival tips for beginners, all based on my experiences from real trading losses: ⸻ 1. Place orders after 9 PM The news during the day is too chaotic, with various false positives and false negatives flying around. The market jumps up and down like it's having a fit, making it easy to be tricked into entering the market. I usually wait until after 9 PM to operate, by that time the news is generally stable, the candlestick charts are cleaner, and the direction is clearer. ⸻ 2. Take the money and secure it immediately after making a profit. Stop always thinking about doubling! For example, if you earned 1000U today, I suggest you withdraw 300U to your bank card immediately and continue playing with the rest. I have seen too many people who "made three times their investment and still want five times," only to lose it all in one pullback. ⸻ 3. Look at the indicators, not the feelings Don't trade based on feelings, that's just blind gambling. Install TradingView on your phone, and check these indicators before placing an order: • MACD: Is there a golden cross or death cross? • RSI: Is there overbought or oversold? • Bollinger Bands: Is there a contraction or a breakout At least two of the three indicators must give consistent signals before considering entry. ⸻ 4. Stop-loss must be flexible When you have time to monitor the market, if you make a profit, manually adjust the stop-loss price upwards. For example, if the purchase price is 1000 and it rises to 1100, raise the stop-loss to 1050 to secure the profit. But if you are going out and cannot watch the market, you must set a hard stop loss of 3% to prevent a sudden crash from wiping you out. ⸻ 5. Withdrawal must be made every week Money that is not withdrawn is just a digital game! Every Friday without fail, I transfer 30% of the profits to my bank card, and continue to roll over the remaining amount. This way, over the long term, my account will keep getting thicker. ⸻ 6. There are tips for reading candlestick charts • For short-term trading, look at the 1-hour chart: if the price has two consecutive bullish candles, you can consider going long. • If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering the market when it drops near the support level. ⸻ 7. Make sure to avoid these pitfalls! • Leverage should not exceed 10 times; beginners should ideally keep it within 5 times. • Don't touch Dogecoin, shitcoins and other altcoins, as they are easy to get harvested. • You can make a maximum of 3 trades in a day; too many can easily lead to losing control. • Absolutely never borrow money for Cryptocurrency Trading!! ⸻ The last sentence is dedicated to you: Cryptocurrency Trading is not gambling. Treat it like a job, clock in and out at regular hours, turn off at quitting time, eat when it's time to eat and sleep when it's time to sleep, and you will find that — you actually earn money more steadily.
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Treat cryptocurrency trading as a job, going to work on time every day.
In the early years of Cryptocurrency Trading, like many others, I stayed up late every night, watching the market and chasing prices, losing sleep over my losses. Later, I gritted my teeth and insisted on using a simple method, and surprisingly, I survived and gradually began to make stable profits.
Looking back now, this method, while clumsy, is effective: "If I don't see the signals I'm familiar with, I won't act decisively!"
Better to miss the market than to place random orders.
With this iron rule, I can now maintain an annual return rate of over 50%, and I no longer have to rely on luck to survive.
Here are a few survival tips for beginners, all based on my experiences from real trading losses:
⸻
1. Place orders after 9 PM
The news during the day is too chaotic, with various false positives and false negatives flying around. The market jumps up and down like it's having a fit, making it easy to be tricked into entering the market.
I usually wait until after 9 PM to operate, by that time the news is generally stable, the candlestick charts are cleaner, and the direction is clearer.
⸻
2. Take the money and secure it immediately after making a profit.
Stop always thinking about doubling! For example, if you earned 1000U today, I suggest you withdraw 300U to your bank card immediately and continue playing with the rest.
I have seen too many people who "made three times their investment and still want five times," only to lose it all in one pullback.
⸻
3. Look at the indicators, not the feelings
Don't trade based on feelings, that's just blind gambling.
Install TradingView on your phone, and check these indicators before placing an order:
• MACD: Is there a golden cross or death cross?
• RSI: Is there overbought or oversold?
• Bollinger Bands: Is there a contraction or a breakout
At least two of the three indicators must give consistent signals before considering entry.
⸻
4. Stop-loss must be flexible
When you have time to monitor the market, if you make a profit, manually adjust the stop-loss price upwards. For example, if the purchase price is 1000 and it rises to 1100, raise the stop-loss to 1050 to secure the profit.
But if you are going out and cannot watch the market, you must set a hard stop loss of 3% to prevent a sudden crash from wiping you out.
⸻
5. Withdrawal must be made every week
Money that is not withdrawn is just a digital game!
Every Friday without fail, I transfer 30% of the profits to my bank card, and continue to roll over the remaining amount. This way, over the long term, my account will keep getting thicker.
⸻
6. There are tips for reading candlestick charts
• For short-term trading, look at the 1-hour chart: if the price has two consecutive bullish candles, you can consider going long.
• If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering the market when it drops near the support level.
⸻
7. Make sure to avoid these pitfalls!
• Leverage should not exceed 10 times; beginners should ideally keep it within 5 times.
• Don't touch Dogecoin, shitcoins and other altcoins, as they are easy to get harvested.
• You can make a maximum of 3 trades in a day; too many can easily lead to losing control.
• Absolutely never borrow money for Cryptocurrency Trading!!
⸻
The last sentence is dedicated to you:
Cryptocurrency Trading is not gambling. Treat it like a job, clock in and out at regular hours, turn off at quitting time, eat when it's time to eat and sleep when it's time to sleep, and you will find that — you actually earn money more steadily.