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When I first started Cryptocurrency Trading, I stayed up late every day watching the market, chasing the price and selling with bearish market, and I lost so much I couldn't sleep. Later, I stuck to just one method, and surprisingly, I managed to survive and slowly began to stabilize my profits. #Looking back now, this method is simple but effective: "If I don't see familiar signals, I won't take action!" I would rather miss the market opportunity than place random orders. With this iron rule, I can now stabilize my annual return rate at over 70%, and finally, I don't have to rely on luck to survive.
Here are a few life-saving tips for beginners, all based on my experiences from real trading losses:
1. Place orders after 9 PM, leave 167 below ☝️🚗. The news during the day is too chaotic, with various false positives and negatives flying around, making the market jump up and down like it’s having a fit, which makes it easy to get tricked into the market. I usually wait until after 9 PM to operate, as the news is basically stable by that time, and the K-line is cleaner, with a clearer direction.
2. Look at the indicators, don’t rely on feelings. Before placing a trade, check these indicators: • MACD: Is there a golden cross or death cross? • RSI: Is there overbought or oversold? • Bollinger Bands: Is there a contraction or breakout? At least two of the three indicators should provide a consistent signal before considering entry.
4. Stop Loss: Dignity is more important than money⛔️ "If the direction is wrong, cut immediately, hesitating for a second results in a 10% loss"• Fixed stop loss method: 3% of the principal is the red line• Dynamic stop loss method: after a floating profit of 50%, must run back 20%
5. Withdraw on time every week. For example, if you made 5000U this week, don't always think about doubling it! I suggest you withdraw 1500U to your bank card immediately, and continue playing with the rest. I've seen too many people who made 3-5 times their investment, only to lose it all in one market correction. Continue rolling the remaining funds. Over the long term, this way your account will get thicker and thicker. #Cryptocurrency Trading status
6. Tips for Reading Candlestick Charts • When day trading, look at the 1-hour chart: If the price has two consecutive bullish candles, consider going long. #Bitcoin and US Tariff Policy • If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering the market when the price approaches the support level.