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Money that is not withdrawn is just a digital game!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.
TREAT0,17%
WORK13,37%
EVERY0,52%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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