Honestly, a few years ago, trading cryptocurrencies made me lose my mind. Staying up late monitoring the market, chasing gains and cutting losses, getting liquidated and losing everything—these were everyday occurrences. Only later did I realize—this should be treated as a serious job: clock in on time, clock out on time, follow a plan. That’s when things actually became more stable.

Below are the lessons I learned from getting liquidated. Beginners should definitely take note:

**1. Only trade after 9 PM**

During the day, news is everywhere, and the market moves erratically like it’s having a seizure. Now I only start trading after 9 PM, when information has been digested, the candlestick charts are cleaner, and the trend is clearer.

**2. Take profits immediately**

Greed is the number one killer in trading. If I make 1000U, I withdraw 300U right away to lock in gains, and leave the rest to trade again. I’ve seen too many people aiming for three or five times their initial investment—one correction and they’re back to square one, even losing their principal.

**3. Watch indicators, don’t rely on feelings**

Entering based on “gut feeling” is the fastest way to get liquidated. Install TradingView on your phone, and before entering a trade, check these three indicators:
- MACD for a golden cross or death cross
- RSI for overbought or oversold conditions
- Bollinger Bands for narrowing or breakout

Only consider entering if at least two indicators give a consistent signal.

**4. Trailing stop-loss with the market**

If you can monitor the market, adjust your stop-loss in real-time. For example, buy in at 1000, and if it rises to 1100, move your stop-loss up to 1050. If you can’t watch constantly, set a hard stop-loss at 3% to prevent a sudden crash from wiping you out. $XRP

**5. Plan your withdrawals for profits**

The numbers in your account aren’t real money until you withdraw to your bank card. Every time you make a profit, withdraw 30%-50%. Don’t keep everything in the account chasing a tenfold dream.

**6. Candlestick analysis has its rules**

For short-term trading, look at the 1-hour chart. Two consecutive bullish candles are a good sign to consider going long. During sideways or choppy markets, switch to the 4-hour chart to find support levels. Enter when the price approaches support.

**7. Avoid these pitfalls**

- Don’t over-leverage or hold large positions; one wrong move and you’re wiped out
- Don’t touch obscure altcoins you don’t understand—they’re easy to get “scalped”
- Limit yourself to a maximum of 3 trades per day; more than that can lead to emotional loss of control
- Never borrow money to trade cryptocurrencies

Trading isn’t about impulsively chasing quick riches; it’s about consistently executing a strategy over the long term. Stick to this system, and your risks will be truly manageable.