Many people treat trading cryptocurrencies like gambling, just trying their luck to enter the market, only to end up losing everything. To truly make money through trading, you need to treat it as a serious career and establish a complete trading system.

Below are experiences gained from real trading trials and errors, which beginners can directly apply:

**Choosing the right trading hours is crucial**

During the daytime, market news is everywhere, and short-term fluctuations are particularly chaotic, making it impossible to see clear patterns in candlestick charts. After 9 PM, the situation changes completely—major news from international markets' main contracts has been digested, and the market enters a relatively calm period. At this time, analyzing the charts becomes easier, price movements are clearer, and directional signals are stronger, significantly increasing the success rate of trades.

**Knowing when to take profits is the highest level of trading**

Making 1,000 dollars and wanting to make 3,000 is a sign of impending liquidation. The correct approach is: once you profit, withdraw in batches immediately. For example, if your account earns 1,000U, first transfer 300U to a cold wallet to lock it, and then continue trading with the remaining funds. I’ve seen too many people become greedy, causing their accounts to hit new highs only to lose everything back, even losing their principal. I’ve experienced this kind of loss myself, and it’s very painful.

**Indicators are more reliable than feelings**

Trading based on "feelings" is essentially a suicide mission. Install TradingView and make sure to check three basic indicators before trading: MACD for crossovers, RSI to detect overbought or oversold conditions, and Bollinger Bands to confirm if the narrowing bands are about to break out. Only when at least two of these indicators give the same signal should you consider entering. Otherwise, be patient and stay out of the market—holding no position will never lead to losses.

**Stop-loss should be adjusted dynamically**

When you have time to monitor the market, you should move your stop-loss upward as the price rises. For example, if you open a position with 1,000U, and the price rises to 1,100U, move your stop-loss to 1,050U. This locks in some profits while allowing the remaining position to continue benefiting from upward movement. If you cannot monitor the market in real-time, set a hard stop-loss at 3% to prevent sudden market crashes from wiping out your capital.

**Account balances are virtual; withdrawals are real money**

The numbers shown in your trading account look impressive, but they are not truly yours. Real money is what you transfer to your bank account. Establish a discipline: whenever you make a profit, withdraw 30%-50% immediately, and never think, "I’ll leave it in the account and wait for ten times the amount before withdrawing." People with this mindset often end up losing everything.

**Choosing the right candlestick timeframe**

For short-term trading, a 1-hour chart is sufficient. When two consecutive bullish candles appear, it’s a good opportunity to go long. If the market is oscillating within a range, switch to the 4-hour chart to identify major support levels. Entering near support levels is more prudent. Different market conditions require different timeframes for analysis.

**A few pitfalls to avoid at all costs**

Overleveraging with large positions is the most dangerous. If you misjudge the market direction, you can be liquidated immediately. Don’t trade altcoins you don’t understand; being liquidated is highly probable. Limit yourself to no more than 3 trades per day—overtrading can lead to emotional trading, and reckless operations can destroy your entire account.

And most importantly—never, ever borrow money to trade cryptocurrencies. No exceptions.