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Looking to make steady profits in the crypto market? One sentence sums it up: treat trading as a job, not gambling.
When I first entered the crypto space, I stayed up late watching charts, chasing trends, and relying on gut feelings to place orders, experiencing liquidation and anxiety in turn. It wasn't until I completely changed my trading approach that I gradually got better. Those painful lessons are condensed into these 7 rules, each earned through real experience. Following them can help beginners avoid many detours.
**Set a fixed trading schedule**. It's best to trade after 9 PM. During the day, news bombardments and low signal-to-noise ratio make the market direction chaotic; in the evening, emotions have mostly settled, and the trend tends to be more logical, increasing your win rate.
**Take profits immediately**. Withdraw profits in stages—sell some first, then hold the rest for further gains. Don't be greedy and try to take everything at once; a single retracement can wipe out all your gains.
**Focus only on a few core indicators**. MACD, RSI, Bollinger Bands—these are enough. Don't get dazzled by a bunch of flashy tools. Wait for at least two signals to confirm before considering an entry.
**Adjust stop-losses with the market**. When the market moves in your favor, gradually raise your stop-loss; if you don't have time to monitor all day, set a fixed stop-loss to ensure survival first, and worry about profits later.
**Withdraw profits regularly**. The numbers in your account are not real money until they are transferred to your wallet or bank card. To survive long-term in the market, cash flow provides psychological security.
**Use different timeframes to analyze candlesticks**. Use 1-hour charts for short-term trades, 4-hour charts to find support levels, and avoid opening positions randomly in the middle.
**Never cross red lines**. High leverage, full positions, unfamiliar coins, borrowing to trade—these are all fast tracks to losing money.
Ultimately, the crypto market isn't about luck but about discipline and consistent execution. Steady progress will naturally lead to profits.