#SHIB#


Treat trading cryptocurrencies as a job, clock in and out at regular hours every day.
In the early years of trading cryptocurrencies, like many others, I stayed up all night staring at the market, chasing uptrends and selling on downturns, losing sleep over my losses. Later, I gritted my teeth and stuck to a simple method, and surprisingly, I survived and slowly began to stabilize my profits.
Looking back now, this method, although clumsy, is effective: "If the signals I'm familiar with do not appear, I will not act decisively!"
Better to miss the market than to place random orders.
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 risk management tips for beginners, based on my real trading losses:
1. Place orders after 9 PM
During the day, the news is too chaotic, with various false positives and false negatives flying around. The market is jumping up and down like it's having a fit, making it easy to get tricked into entering.
I usually wait until after 9 PM to operate, by then the news is basically stable, the candlestick charts are cleaner, and the direction is clearer.
2. Once the bricks are in place, it's safe to relax.
Don't always think about doubling! For example, if you made 1000U today, I suggest you immediately withdraw 300U to your bank card and continue playing with the remaining amount.
I have seen too many people who "tripled their investment but still want five times," only to lose everything in a single pullback.
3. Look at the indicators, not the feelings
Don't trade based on feelings, that's just blind trading.
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 the price rises, manually move the stop-loss price up. For example, if the purchase price is 1000 and it rises to 1100, move the stop-loss up to 1050 to secure profits.
But if you need to go out and can't keep an eye on the market, be sure to set a hard stop loss of 3% to prevent being hit by a sudden dump.
5. Must output j every week
Non-withdrawable q is just a numbers game!
Every Friday without fail, I transfer 30% of my profits to the y bank card, and the rest continues to be reinvested. This way, over the long term, my account will keep growing thicker.
6. There are tricks to 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 moving sideways, switch to the 4-hour chart to find support lines: consider entering the market when it drops near the support level.
7. Be sure not to fall into these pitfalls!
• Leverage should not exceed 10 times, and beginners should ideally keep it within 5 times.
•Don't touch Dogecoin, Shitcoin and other altcoins, as they are easy to get harvested.
•You can place a maximum of 3 orders in a day; too many can easily lead to losing control.
•Never borrow q to trade cryptocurrencies!
The last sentence is for you:
Trading cryptocurrencies is not gambling. Treat it like a job, clock in and out every day, turn off your computer at the end of the day, eat when it's time to eat and sleep when it's time to sleep. You will find that the results are actually more stable.
SHIB-4.22%
J1.78%
DOGE-4.37%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
JinJinL88vip
· 07-04 08:27
Sister, can you teach me? It's too difficult. Is the stupid method just to look at those three indicators?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)