To truly make money trading cryptocurrencies, remember one thing: treat it as a serious job. In the first few years of entering the market, I was like most people: staying up late watching charts, chasing gains and selling losses, experiencing margin calls, insomnia, and anxiety.
Later, I completely changed my mindset: treat trading as work, follow a regular schedule, execute plans accordingly, and instead of risking everything, become more stable in profits. Here are some lessons I learned from real trading losses—newcomers are advised to save this directly:
1. Place orders after 9 PM: During the day, news is chaotic and volatility is wild; the market has no clear pattern. After 9 PM, news digestion is complete, candlesticks become clearer, and the direction is more definite, doubling your win rate.
2. Take profits immediately: When earning 1000U, withdraw 300U to lock in gains, and gamble with the remaining. I've seen too many people triple or quintuple their profits, only to be wiped out by a single retracement, losing everything.
3. Rely on indicators, not feelings: Don’t trade based on intuition! Use TradingView to monitor three indicators: MACD golden/death cross, RSI overbought/oversold, Bollinger Bands squeeze/breakout. Only act when at least two indicators agree.
4. Trailing stop-loss as price rises: If you can monitor the market, raise your stop-loss as the price increases (e.g., buy at 1000, raise stop-loss to 1050 when it reaches 1100); if you can't monitor, set a hard 3% stop-loss to prevent sudden crashes.
5. Always withdraw profits: Your account balance isn’t cash. For each profit, withdraw 30%-50%, don’t keep everything hoping to tenfold your investment.
6. Candlestick analysis tips: For short-term trading, look at the 1-hour chart; two consecutive bullish candles can signal a buy; for sideways consolidation, check the 4-hour chart for support, and enter near support levels.
7. Never fall into these traps: Don’t over-leverage with high leverage, avoid trading unfamiliar altcoins, limit to 3 trades per day, and open at most 2 different coins at once. Never borrow money to trade!
Crypto trading is never about impulsive quick riches; it’s about consistently executing a stable strategy over the long term. Treat it as a job—log in on time, follow your plan, log out and rest on schedule. You’ll find that making money becomes more stable and easier.
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To truly make money trading cryptocurrencies, remember one thing: treat it as a serious job. In the first few years of entering the market, I was like most people: staying up late watching charts, chasing gains and selling losses, experiencing margin calls, insomnia, and anxiety.
Later, I completely changed my mindset: treat trading as work, follow a regular schedule, execute plans accordingly, and instead of risking everything, become more stable in profits. Here are some lessons I learned from real trading losses—newcomers are advised to save this directly:
1. Place orders after 9 PM: During the day, news is chaotic and volatility is wild; the market has no clear pattern. After 9 PM, news digestion is complete, candlesticks become clearer, and the direction is more definite, doubling your win rate.
2. Take profits immediately: When earning 1000U, withdraw 300U to lock in gains, and gamble with the remaining. I've seen too many people triple or quintuple their profits, only to be wiped out by a single retracement, losing everything.
3. Rely on indicators, not feelings: Don’t trade based on intuition! Use TradingView to monitor three indicators: MACD golden/death cross, RSI overbought/oversold, Bollinger Bands squeeze/breakout. Only act when at least two indicators agree.
4. Trailing stop-loss as price rises: If you can monitor the market, raise your stop-loss as the price increases (e.g., buy at 1000, raise stop-loss to 1050 when it reaches 1100); if you can't monitor, set a hard 3% stop-loss to prevent sudden crashes.
5. Always withdraw profits: Your account balance isn’t cash. For each profit, withdraw 30%-50%, don’t keep everything hoping to tenfold your investment.
6. Candlestick analysis tips: For short-term trading, look at the 1-hour chart; two consecutive bullish candles can signal a buy; for sideways consolidation, check the 4-hour chart for support, and enter near support levels.
7. Never fall into these traps: Don’t over-leverage with high leverage, avoid trading unfamiliar altcoins, limit to 3 trades per day, and open at most 2 different coins at once. Never borrow money to trade!
Crypto trading is never about impulsive quick riches; it’s about consistently executing a stable strategy over the long term. Treat it as a job—log in on time, follow your plan, log out and rest on schedule. You’ll find that making money becomes more stable and easier.