A friend recently came to me with 20,000 yuan saved up, wanting to enter the crypto space but unsure if there's still an opportunity now. I've been grinding in this circle for eight years, from massive losses and liquidations in the beginning to achieving financial freedom through trading, and last year my fund returns multiplied 50 times. Today I'm sharing some practical operational points I've summarized over the years for everyone's reference.
**Resist Impulse and Wait for Definite Signals**
The first mistake many beginners make is an itchy trigger finger—they rush to place orders without clear price levels or market signals. My principle is simple: no matter how familiar a pattern is, if I don't have sufficient confidence, I'd rather watch videos to kill time than act recklessly. Trading is like playing mahjong; forcing yourself to participate when you're not in the right state is a high-probability losing situation.
**Choose the Right Time Window to Observe the Market**
Daytime movements are often chaotic, with fake news and rumors flying everywhere, making it especially easy to get swayed by market sentiment. I found that after 9:30 PM, the influence of major players diminishes relatively, and the trend becomes clearer. I've sometimes analyzed the market more thoroughly while checking my phone in the bathroom than during daytime analysis—and I'm not joking.
**Cash Out Profits in Time, Don't Let Gains Slip Away**
My rule that I've stuck to for years: once I make 1,000, I withdraw 300 first. The remaining profits I can trade freely with, and even if I lose them, it won't hurt. I've seen too many people who made big money but wanted to add more positions, only to slip from profit into loss, even losing everything. That lesson was too profound.
**Leverage Tools and Technical Indicators as Gatekeepers**
I have specialized charting software on my phone, and before every operation I check three indicators: MACD crossovers, RSI overbought/oversold zones (above 70 or below 30), and Bollinger Bands expansion/contraction. Only when at least two indicators give signals in the same direction do I actually place the order.
**Flexible Stop-Loss Strategy for Different Scenarios**
When actively monitoring, I use a "rolling stop-loss" to lock in profits: for every 100 points earned, I move the stop-loss up by 50 points, repeatedly ensuring gains are secured. If I go out due to work or other matters, I directly set a hard 30% stop-loss, so even if there's a sudden spike, I won't get liquidated.
**Execute Fixed Withdrawal Discipline**
Whether I made 10,000 or 1,000 that week, I withdraw 30% every Friday at 4 PM sharp. I specifically set this reminder in my notes for forced execution. Only money that actually reaches my account counts—don't leave all profits hanging in the trading account.
**Switch Observation Frameworks Based on Market Cycles**
To catch quick rallies, I monitor the 1-hour chart and only enter after two consecutive bullish candles confirm the move; when facing a consolidation pattern, I switch to the 4-hour chart to find support levels, which significantly improves accuracy.
**Final Risk Warning**
Some coins are essentially tools for harvesting retail traders—you must stay away from them. Also, trade on a regular schedule; don't exceed 3 trades per day, otherwise you'll easily fall into the frequent trading trap, which greatly increases the probability of losses.
A friend recently came to me with 20,000 yuan saved up, wanting to enter the crypto space but unsure if there's still an opportunity now. I've been grinding in this circle for eight years, from massive losses and liquidations in the beginning to achieving financial freedom through trading, and last year my fund returns multiplied 50 times. Today I'm sharing some practical operational points I've summarized over the years for everyone's reference.
**Resist Impulse and Wait for Definite Signals**
The first mistake many beginners make is an itchy trigger finger—they rush to place orders without clear price levels or market signals. My principle is simple: no matter how familiar a pattern is, if I don't have sufficient confidence, I'd rather watch videos to kill time than act recklessly. Trading is like playing mahjong; forcing yourself to participate when you're not in the right state is a high-probability losing situation.
**Choose the Right Time Window to Observe the Market**
Daytime movements are often chaotic, with fake news and rumors flying everywhere, making it especially easy to get swayed by market sentiment. I found that after 9:30 PM, the influence of major players diminishes relatively, and the trend becomes clearer. I've sometimes analyzed the market more thoroughly while checking my phone in the bathroom than during daytime analysis—and I'm not joking.
**Cash Out Profits in Time, Don't Let Gains Slip Away**
My rule that I've stuck to for years: once I make 1,000, I withdraw 300 first. The remaining profits I can trade freely with, and even if I lose them, it won't hurt. I've seen too many people who made big money but wanted to add more positions, only to slip from profit into loss, even losing everything. That lesson was too profound.
**Leverage Tools and Technical Indicators as Gatekeepers**
I have specialized charting software on my phone, and before every operation I check three indicators: MACD crossovers, RSI overbought/oversold zones (above 70 or below 30), and Bollinger Bands expansion/contraction. Only when at least two indicators give signals in the same direction do I actually place the order.
**Flexible Stop-Loss Strategy for Different Scenarios**
When actively monitoring, I use a "rolling stop-loss" to lock in profits: for every 100 points earned, I move the stop-loss up by 50 points, repeatedly ensuring gains are secured. If I go out due to work or other matters, I directly set a hard 30% stop-loss, so even if there's a sudden spike, I won't get liquidated.
**Execute Fixed Withdrawal Discipline**
Whether I made 10,000 or 1,000 that week, I withdraw 30% every Friday at 4 PM sharp. I specifically set this reminder in my notes for forced execution. Only money that actually reaches my account counts—don't leave all profits hanging in the trading account.
**Switch Observation Frameworks Based on Market Cycles**
To catch quick rallies, I monitor the 1-hour chart and only enter after two consecutive bullish candles confirm the move; when facing a consolidation pattern, I switch to the 4-hour chart to find support levels, which significantly improves accuracy.
**Final Risk Warning**
Some coins are essentially tools for harvesting retail traders—you must stay away from them. Also, trade on a regular schedule; don't exceed 3 trades per day, otherwise you'll easily fall into the frequent trading trap, which greatly increases the probability of losses.