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My lessons in the crypto world over the past few years are bought with real money and silver.
In the beginning, I was no different from most newbies—staying up late watching the charts, chasing every rise, cutting losses on every fall, which resulted in liquidation, insomnia, and anxiety in turn. I stepped into countless pits until one day I completely changed my mindset: instead of treating trading as gambling, I should treat it as a proper job. Going to work when it’s time, logging off when it’s time to leave, and gradually becoming more stable.
**Time is the first hurdle**
What does the market look like during the day? News is everywhere, market fluctuations are unpredictable, and the mentality is most likely to collapse. After 9 PM, things are different; most news has been digested, candlestick patterns become clearer, and the direction is more obvious. My experience is that trading after 9 PM can significantly reduce the chances of misjudgment. This is not superstition; it’s the market’s true rhythm.
**Profits should be held firmly**
Taking profits immediately is a lesson I regret not learning earlier. If I make 1000U, I will first withdraw 300U to my account, and continue participating with the remaining. I’ve seen too many people triple their money and then want five times, only to lose everything on a pullback, even losing their principal. The numbers in the account are not real money; only when transferred to a bank card does it feel real. For every subsequent profit, I withdraw 30%-50% to leave myself a safety cushion.
**Indicators are the signals for entry**
Relying solely on intuition to enter? That’s a shortcut to liquidation. Now I use TradingView to monitor three indicators: MACD for bullish/bearish cross signals, RSI to judge overbought/oversold zones, and Bollinger Bands to observe tightening and breakout opportunities. When entering, I wait for at least two indicators to align, which can significantly reduce the risk of getting caught.
**Stop-loss should be dynamically adjusted**
When I can monitor the market, I move my stop-loss up as the price rises—for example, if I enter at 1000U and it rises to 1100U, I move the stop-loss to 1050U. This locks in some profits and prevents being shaken out by minor pullbacks. When I can’t monitor the market, I set a hard stop-loss of 3% to prevent sudden crashes from catching me off guard.
**Chart analysis has its nuances**
For short-term trading, I focus on the 1-hour chart; two consecutive bullish candles are worth considering for a long position. If I encounter sideways consolidation, I switch to the 4-hour chart to find support levels, and consider entering when the price is close to support. This rhythm helps avoid many false breakouts.
**Avoid all these pitfalls**
Never over-leverage—one wrong move and you’re wiped out, with no room to recover. Don’t touch unrecognized altcoins; these are easy to get caught and drained. Limit yourself to a maximum of 3 trades per day; too frequent trading only fuels emotional loss. Most importantly, never borrow money to trade—this is the bottom line, once broken, there’s no turning back.
**From impulsiveness to execution**
Crypto trading is never about sudden flashes of insight or reckless quick riches. It’s about executing a long-term strategy. Treat it like a job—log in on time, follow the rules, and shut down when it’s time to rest. This way, you can steadily profit rather than overnight riches or sudden liquidation.
All my experience comes from real trading, nothing fake. If you also want to avoid pitfalls and earn steadily, instead of wandering blindly in the crypto space alone, find the right rhythm and keep pace. Use a winning logic to earn stable money—that’s the long-term plan.