Electronic Money Transactions: A Serious Profession, Not a Game of Chance

Many newbies entering the crypto market often approach it in a "gambling" manner: staying up all night watching charts, chasing news, buying high – selling low and ultimately leading to losses and stress. In reality, to survive and have stable profits, trading must be regarded as a professional job, with a clear plan and discipline. Below are 7 important principles drawn from practical lessons, particularly useful for newbies:

1. Choose the Trading Time After 9 PM During the day, the market often fluctuates strongly due to the influence of many chaotic news. After 9 PM, most of the information has been absorbed by the market, and the candlestick chart becomes clearer, making it easier to determine the trend more accurately.
2. Prioritize Taking Profits Early Important principle: take profits before the crypto market recovers all the gains. For example: if you profit 1000 USDT, you should withdraw at least 300 USDT instead of holding out for x3, x5. Greed often leads to losing both capital and profits.
3. Indicator-Based Trading, Not Emotion-Based Do not place orders based on intuition. Make use of tools like TradingView and check at least 3 technical indicators before entering an order: MACD: Identify golden/dead cross points. RSI: Measure overbought/oversold levels. Bollinger Bands: Recognize accumulation or explosion phases. Only act when at least 2 indicators give a consensus signal.
4. Move Stop Loss Point When Price Rises If you can monitor the crypto market: gradually raise the stop-loss point according to the price. For example: buy at 1000, when the price increases to 1100, move the stop-loss up to 1050 to protect profits. If you cannot monitor continuously: set a hard stop-loss of about 3% to limit risk.
5. Always Withdraw Profits The balance in the account is not real money until it is withdrawn to the bank. Therefore, it is advisable to withdraw 30% – 50% of the profits after each transaction. Don't hold onto everything just because you hope to multiply it many times.
6. Candle Reading Tips for Short-Term Trading With short-term orders, monitor the 1H timeframe: if two consecutive green candles appear, you might consider taking a buy position. When the crypto market is consolidating, use the 4H timeframe to identify support zones; a good entry point is when the price approaches support.
7. Trade Like a Professional Build a schedule, have a specific strategy, manage capital tightly, and maintain a stable mindset. Only when treating trading as a "profession" can profits come sustainably rather than relying on luck. 👉 Conclusion: The crypto market is not for those who only want to "make quick profits." Patience, discipline, and treating trading as a serious job is the long-term path to creating stable income.