#zec After trading cryptocurrencies for ten years, I can survive until now, all thanks to this "simple method".
After so many years of trading cryptocurrencies, I have discovered a truth: flashy indicators are everywhere, but what can truly save you are the simplest and most understated habits.
I am actually quite lazy when placing orders; if I don't see a pattern I'm particularly familiar with, no matter how eager I am, I won't click. I would rather scroll on my phone than place a random order. Playing a bad hand hard always leads to one outcome: losing!
During the day, I rarely go all in. There are too many messages, too many fake moves, making it easy to be shaken around. Instead, after nine in the evening, the market is cleaner, and the direction that emerges is more reliable.
As long as I make money, I always withdraw a little first.
Even if I only earn one or two thousand in a day, I still transfer three to five hundred out first. If the money doesn't enter my account, it's just an illusion. Too many people end up “reluctant to take profits,” returning from glory to their original state.
To avoid impulsivity, I set a cooldown button for myself.
Before placing an order, I must check three things: MACD, RSI, and Bollinger Bands. After completing this step, I can place the order, which can eliminate a large portion of emotional trading.
I never delay stop-loss orders.
When monitoring the market, I just push a little bit up, and when I go out, I don't look at the market; I set a hard stop-loss, so I won't panic no matter how it fluctuates at night.
Every Friday, I must withdraw.
No matter how much I earn, I always transfer a little out to give myself a real feedback: I am not just busy; I am making money.
When watching the market, I also don’t fixate on small cycles.
When the market moves quickly, I look at the one-hour chart; during sideways periods, I check the four-hour chart for direction, which is always better than guessing randomly.
Let me remind you of a few pitfalls that are easy to fall into:
Do not randomly use leverage, three times is enough for beginners.
Avoid emotional trading and randomly pumped cryptocurrencies.
A maximum of three orders a day; the more excited you are, the easier it is to lose.
In the end, trading cryptocurrencies boils down to one sentence: the steadier and more restrained you are, the easier money comes to you.
This “simple method” may not be cool, but it can really help you survive longer.
