Treating cryptocurrency trading as a job is the only way to earn money steadily.
In November last year, I entered with 100U and took it to 1000U three times, but all three times I got completely wiped out, not holding onto a single cent.
Only later did I understand: it’s not that I don’t know how to make money, it’s that I don’t know how to hold onto it, nor how to create a system.
I have been refining my approach for the past few months, and now I am slowly stabilizing.
The truly useful points are these four:
First, timing choice.
I basically only make trades after 9 PM.
During the day, the news is chaotic, and there are many false breakouts. After the emotions settle at night, the trends are cleaner.
In essence, it’s about filtering out noisy markets.
Second, signal confirmation.
Don’t rely on feelings; look at three indicators: MACD golden cross and death cross, whether RSI is at extremes, and Bollinger Bands contraction and breakout.
Only if at least two directions are consistent should you consider entering.
In essence, it’s about reducing erroneous trades.
Third, stop-loss mechanism.
If you can monitor, keep moving the stop-loss up after making a profit; if you can’t monitor, set a hard stop-loss at 3%.
Many people don’t fail because they can’t do it; it’s that one trade goes directly to zero. Stay alive first, then make money.
Fourth, profit handling.
Take 30%-50% of your earnings. An account is just a number; cashing out is what counts.
Lock in profits, cut off greed.
My family works at a prestigious law firm in Shanghai and looks down on my cryptocurrency trading, even kicking me out of the house.
But so what? What if I got into a political and legal university? Does life have to be lived according to their path?
In this life, one must live for oneself at least once.
Even if I’ve been liquidated before, I won’t look back.
Because I still have a group of brothers following me. One person’s glory is shared, and one person’s loss is shared.
Cryptocurrency trading is not a game of getting rich quickly; it’s a game of execution.
If you don’t treat it as a job, it will treat you as chives. @铭哥讲币