🍁 Golden Autumn, Big Prizes Await!
Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
🎁 Prize pool over $15,000+, iPhone 17 Pro Max, Gate exclusive Merch and more awaits you!
👉 Draw now: https://www.gate.com/activities/pointprize/?now_period=13&refUid=13129053
💡 How to earn more Growth Points for extra chances?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to rack up points!
🍀 100% win rate — you’ll never walk away empty-handed. Try your luck today!
Details: ht
Treat Cryptocurrency Trading as a job, and you will truly make money.
In the early years of entering the circle, I was like most people: staying up late to watch the market, chasing rises and killing falls, experiencing liquidation, insomnia, and anxiety.
Later I changed, doing only one thing: treating Cryptocurrency Trading as a job, going to work on time and executing according to plan.
The following tips are experiences from my real trading losses, which beginners should keep in mind:
1. Do not place orders after 9 PM.
During the day, there are many messages and fluctuations, and the market moves chaotically like a spasm.
I usually only operate after 9 PM now, by that time the news has been digested, the K-line is cleaner, and the direction is clearer.
2. Secure your profits immediately.
Don't be greedy. If you earn 1000U, first withdraw 300U to secure your gains, and then play with the rest.
I have seen too many people who "earned three times and still wanted five times," and in the end, a single pullback brought them back to square one, leaving them with nothing.
3. Look at the indicators, do not rely on feelings.
Don't enter the market based on "feelings"; that's the quickest way to get liquidated.
Install TradingView on your phone and check these 3 before placing an order:
MACD: Is there a golden cross or a death cross?
RSI: Is there any overbought or oversold?
Bollinger Bands: Is there a contraction or a breakout?
At least two out of the three must show a consistent direction before considering entry.
4. Stop loss should move up with the increase.
When you have time to watch the market, if the price goes up, move the stop-loss up. For example, if the purchase price is 1000, and it rises to 1100, move the stop-loss to 1050.
If you can't monitor the market, be sure to set a hard stop loss of 3% to prevent a sudden market crash.
5. It is necessary to have a plan for withdrawing earnings.
The numbers on the account are not money; only when it comes to bank cards is it real money.
Every time you make a profit, withdraw 30%-50%, don't keep it all hoping to multiply it tenfold.
6. There are techniques to reading candlestick charts, it's not just random clicking.
For short-term trading, look at the 1-hour chart; if there are two consecutive bullish candles, you can pay attention to long opportunities.
If the market is in a sideways consolidation, look at the 4-hour chart for support levels, consider entering when the price approaches support.
7. Don't fall into these traps!
Don't use high leverage with heavy positions; if the direction is wrong, you'll lose everything.
Don't touch the altcoins you don't understand, as they can easily lead to losses.
You can make a maximum of 3 trades a day; exceeding that can lead to emotional loss of control.
Never borrow money for Cryptocurrency Trading! No! No!
Cryptocurrency Trading is not about getting rich quickly on impulse, but rather about executing a strategy over the long term.
Treat it like a job, log in on time every day, operate according to the plan, shut down when it's time, and take a break when needed.
You will find that money is actually earned more steadily.