After ten years of trading in the crypto world, I have crawled my way from sleepless nights of losing orders to now achieving a stable return of over 50% annually. I've encountered many pitfalls, and the experiences I've summarized are worth sharing.

**The first line of defense against the urge to trade**

If I don't see that repeatedly validated technical pattern, I'd rather stay idle. It's just like playing cards; if it's not a winning hand, don't play. This habit can directly filter out half of the losing orders.

**Choose the right trading time window**

During the day, the market is easily influenced by news, leading to large fluctuations, but many are false breakouts. After 9 PM, the true intentions of the market makers begin to reveal themselves, making it easier to judge the trend direction during this period.

**Discipline of Taking Profits**

Earn 1000U and transfer 300 to the bank card to ensure the principal doesn't shrink. I've seen too many people lose their principal because of greed, thinking they could earn enough to drive a Panamera, only to end up losing everything. It's better to earn a little each time; the key is to survive in the long run.

**Three Pillars of Technical Indicators**

Install a professional-level market analysis tool and focus on three indicators: the MACD's golden cross and death cross to determine trends, RSI's overbought and oversold levels to find reversal points, and the Bollinger Bands' narrowing and widening to anticipate fluctuations. This combination, when used well, can mitigate a significant portion of the risks.

**Two Ways to Set Stop Loss**

When sitting in front of the computer, you can use a trailing stop: if you make 100U, move the stop loss line up by 50U, which protects profits and gives the market some room to rebound. However, when going out, you must set a hard stop loss, usually 5% is enough; a larger range may easily trigger a crash by the manipulators at night.

**Discipline of Periodic Profit Taking**

Regardless of whether you earned ten thousand or one thousand that week, you must transfer 30% to your bank card by 3 PM on Friday. This enforced habit can prevent most people from "giving back their gains."

**Logic for Selecting Time Periods**

If you want to make quick profits, look at the 1-hour chart, but it's easy to be deceived by two consecutive bullish candles into a sideways market. Switching to the 4-hour chart to look at support levels makes it much clearer, and finding them is as intuitive as looking for signposts.

**A few sure-fire pitfalls**

A leverage of over 10 times is basically playing with fire; for beginners, practicing with 3 times is already sufficient. Tokens like shitcoins and dogcoins are essentially tools for harvesting. People who make more than 3 trades a day are usually just contributing to fees and slippage.

Remember: the more laid-back you live, the fuller your wallet will be.