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The secrets to making tens of millions that are unknown to others!
Treat trading cryptocurrencies as a job, going to work on time every day —
In the early years of trading cryptocurrencies, I was like many others, staying up all night watching the market, chasing prices, and suffering losses that kept me awake. Later, I gritted my teeth and stuck to a simple method, surprisingly managing to survive, and gradually began to make stable profits.
Looking back now, this method may be clumsy, but it works: "If the signals I'm familiar with don't appear, I won't move decisively!" —!!
Better to miss the market than to place orders recklessly.
With this iron rule, I can now stabilize my annual return rate at over 50%, and I no longer 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
During the day, the news is too chaotic, with various false positives and negatives flying around, causing the market to jump around like it's having a seizure, making it easy to be misled into entering the market.
I usually wait until after 9 PM to operate, as the news is generally stable by then, the candlestick chart is cleaner, and the direction is clearer.
2. Secure your earnings immediately.
Don't always think about doubling! For example, if you made 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 "want five times after receiving three times", only to lose it all in a single pullback.
3. Look at the indicators, not at the feelings.
Don't trade based on feelings; that's just blindly guessing.
Install TradingView on your phone and check these indicators before placing an order:
•MACD: Is there a golden cross or a death cross?
•RSI: Is there overbought or oversold?
•Bollinger Bands: Is there a squeeze or breakout?
At least two of the three indicators must give a consistent signal before considering entry.
4. Stop-loss must be flexible.
When you have time to monitor the market, if you make a profit, manually move the stop-loss price up. For example, if the purchase price is 1000 and it rises to 1100, then raise the stop-loss to 1050 to secure the profit.
But if you are going out and cannot monitor the market, you must set a hard stop loss of 3% to prevent being wiped out by an unexpected market crash.
5. Withdrawals must be made weekly.
Money that is not withdrawn is just a numerical game!
Every Friday without fail, I transfer 30% of my profits to my bank account, and continue to reinvest the rest. Over time, this way, my account will become thicker and 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, consider going long.
• If the market is stagnant, switch to the 4-hour chart to look for support lines: consider entering the market when it approaches the support level.
7. Don't step into these pitfalls!
• Leverage should not exceed 10 times; beginners should ideally keep it within 5 times.
•Don't touch Dogecoin or shitcoins; they are easy to be harvested.
The last sentence is for you:
Trading cryptocurrencies is not gambling. Treat it like a job, clock in and out at regular hours, shut down at the end of the day, eat when it's time, and sleep when it's time. You will find that you actually earn money more steadily.