Uncle An's Heartfelt Advice: Treat Cryptocurrency Trading as a Serious Business to Earn Real Money!$HYPE
I have been trading cryptocurrencies for many years, and the losses I have incurred are greater than the principal of many newcomers. These real trading experiences must be remembered by newcomers!
Only operate after 9 PM. During the day, news is chaotic and market trends are disorderly, making it easy to step on landmines. After 9 PM, the news has been digested, and the K-line trend is clear, doubling the success rate of trades.
Don’t be greedy when making a profit; take it timely! If you earn 1000U, first withdraw 300U to a cold wallet. In my early years, I was greedy, thinking of making five times after earning three times. In the end, I lost all my profits and got stuck with my principal; the lesson was too painful.
Abandon feelings; indicators are king! Install TradingView on your phone, watch the MACD for golden crosses and dead crosses, the RSI for overbought and oversold conditions, and the Bollinger Bands for squeeze breakouts. Enter the market only when at least two indicators are aligned.
Stop losses must be active, and profits must be withdrawn! When monitoring the market, move the stop loss up with rising prices to lock in profits; if not monitoring, set a hard stop loss at 3%. Withdraw 30%-50% to your bank account with every profit; no amount of digital gains is worth more than securing your profits.
Final reminder: Do not trade with high leverage, do not touch unfamiliar altcoins, limit to a maximum of 3 trades per day, and never borrow money to trade cryptocurrencies. Maintaining a bottom line is essential for long-term profitability. @安叔复利之路