Recently, a friend came to ask me, having saved up 20,000 yuan, wanting to enter the crypto world but unsure if there's still an opportunity now. I have been in this circle for eight years, from initially suffering huge losses and liquidation to now achieving financial freedom through trading, with last year's capital gains multiplying by 50 times. Today, I want to share some practical key points I’ve summarized over the years for everyone’s reference.

**Control impulses and wait for confirmed signals**

The first mistake many beginners make is itching to trade without clear entry points or market signals. My principle is simple: no matter how familiar the pattern, if I don’t have full confidence, I’d rather watch videos to pass the time than trade recklessly. Trading is like playing mahjong; if your state isn’t right, forcing participation usually leads to losses.

**Choose the right time window to observe the market**

Market movements during the day are often chaotic, filled with fake news and rumors, making it easy to be swayed by market sentiment. I find that after 9:30 PM, the main force weakens, and the trend becomes clearer. Several times, I’ve sat in the bathroom watching the charts and understood the market better than during the day — it’s no joke.

**Take profits promptly and don’t let gains slip away**

My rule for years has been to take out 300 yuan when I earn 1,000 yuan. The remaining profits can be freely reinvested; even if I lose it all, I won’t feel distressed. I’ve seen too many people make big money and then try to add more, only to turn profits into losses or even lose everything. That lesson is deeply ingrained.

**Use tools and technical indicators for validation**

I have dedicated market analysis apps on my phone. Before making a move, I check three indicators: MACD crossovers (golden and death crosses), RSI overbought/oversold zones (above 70 or below 30), and Bollinger Bands’ opening and closing. I only place trades when at least two indicators give a consistent signal.

**Flexible stop-loss strategies for different scenarios**

While monitoring the market, I use a "rolling stop-loss" to lock in profits: for every 100 points gained, I move the stop-loss up by 50 points, repeatedly, to secure gains. If I need to step away due to work or other reasons, I set a hard stop-loss at 30%, so even if the market spikes, I won’t get liquidated.

**Stick to a fixed withdrawal discipline**

Whether I earn 10,000 or 1,000 in a week, I withdraw 30% of profits every Friday at 4 PM. I’ve set this reminder in my notes to enforce it. Only the money actually transferred to my account counts; don’t let all profits stay trapped in the trading account.

**Switch observation frameworks based on market cycles**

To catch quick gains, watch the 1-hour chart; after two bullish candles confirm, then enter. If the market is consolidating, switch to the 4-hour chart to find support levels — this greatly improves accuracy.

**Final risk warning**

Some cryptocurrencies are essentially tools for “scalping” or “harvesting” retail investors. Stay far away from those. Also, trade regularly but limit yourself to no more than three trades per day; overtrading can trap you in frequent trading pitfalls, significantly increasing the risk of losses.