Controlling your greed is actually easy to make money in the crypto world!

You don't not understand stop-loss, you are just too greedy: greedy for a rebound, greedy to break even, losing money yet still holding onto positions, greedy to catch the last wave of a good market.
You watch your losses expand, yet you continuously persuade yourself to wait a little longer. You think it's belief, but it's actually greed at play. Every time there's a liquidation, you refuse to admit your mistakes. The market isn't afraid of many foolish people; it's afraid of those who are foolish yet stubborn, who understand stop-losses but are unwilling to act on them.
In the first few years of trading coins, like many others, I stayed up late every day watching the market, chasing rises and selling on dips, and I lost so much that I couldn't sleep. Later, I gritted my teeth and stuck to a simple method, which allowed me to survive and gradually start making stable profits!
Looking back now, this method is clumsy but effective: if I don't see the signals I'm familiar with, I won't move!
Better to miss a market opportunity than to place an order recklessly.
Here are a few suggestions, all based on my experiences from real trading losses:
1. Place orders after 9 PM.
The news during the day is too chaotic, with all sorts of false positives and false negatives flying around. The market jumps up and down like it's having a seizure, making it very easy to be tricked into entering the market.
I usually wait until after 9 PM to operate, as the news is basically stable by then, and the K-line is cleaner, with a clearer direction.
2. Look at the indicators, not at the feelings.
Don't trade based on feelings.
Install TradingView on your phone and check these indicators before placing an order:
——MACD: Is there a golden cross or a dead cross?
——RSI: Is there any overbought or oversold?
——Bollinger Bands: Is there a squeeze or a breakout
At least two of these three indicators must give consistent signals before considering entry.
3. Stop-loss must be flexible
When you have time to monitor the market, if you make a profit, manually adjust the stop-loss price upwards. For example, if the purchase price is 3000 and it rises to 3100, then raise the stop-loss to 3050 to secure the profit.
But if you need to go out and can't keep an eye on the market, be sure to set a hard stop loss at 3% to prevent being taken out all at once in case of a sudden crash.
4. There are tips for reading candlestick charts.
For short-term trading, look at the 1-hour chart: if the price has two consecutive bullish candles, you can consider going long.
If the market is stagnant, switch to the 4-hour chart to find support lines: consider entering the market again when it drops near the support level.
5. Be sure not to fall into these pitfalls.
Don't touch dogecoin, shitcoin and other shanzhai, it's easy to get harvested.
Finally:
Giving up on illusions is harder than admitting you were wrong!
Remember: being greedy for a moment can lead to a loss in the game; cutting losses once can allow you to see the whole match. It's not about winning a lot that makes you a winner, but losing less!!!