In the crypto world, actually everyone can turn their fortunes around.
Last year, a newbie who had lost everything came to me with 1500U, only wanting to recover the losses. I didn't discuss any complicated indicators with him, just shared three pieces of advice that I had learned through real money experience. He diligently followed them for three months.
As a result, his account grew from 1500U to 50,000U, without a single liquidation.
Today, I am sharing these three crucial "survival rules". They don't guarantee you will get rich, but they can greatly improve your chances of survival in this market. How much you can comprehend depends on whether you have a genuine respect for this market. #币圈暴富
First, divide the money into three parts, prioritize survival before profit
I told him to break the 1500U into three parts of 500U, and not to touch a single cent—this was a lesson I learned the hard way after losing everything and being unable to sleep at night:
· The first part is for short-term trading: open positions no more than twice a day, and close the software as soon as you're done, as lingering even for a second can lead to greed.
· The second part waits for trends: if the weekly chart hasn't shown a bullish formation or broken key levels with volume, just stay put; trading in a sideways market is just giving away money.
· The third part is emergency funds: use it to average down when the market suddenly drops and threatens liquidation, at least it allows you to stay in the market.
$SIREN
Liquidation may only cut off your fingers, but losing all your capital is like losing your head—without capital, there are no opportunities.
Second, only take one bite of the trend, retreat like a turtle otherwise
I made too many mistakes in sideways markets in my early years, 9 out of 10 trades ended up with heavy losses. Later, I only recognized three entry signals:
· If the daily moving averages are not aligned bullishly, resolutely stay out, don’t always fear "missing opportunities."
· Only when the market breaks previous highs with volume and the daily close can stabilize, do I dare to enter with a small position.
· When profits reach 30% of the capital, withdraw half of the profits first, and set a 10% trailing stop for the remainder.
Only what you have taken is truly yours; don’t think about capturing the entire market move.
$YZY
Third, lock your emotions, mechanical execution is key for longevity
Before entering a trade, you must write a trading plan and stick to it:
· Set a stop-loss at 3%, automatically close the position when it hits, don’t always think "just wait a bit longer."
· When profits reach 10%, pull the stop-loss up to the entry price, the rest is just the market's bonus.
Keep up with the big players, lock in clear strategies and tangible results. The spots in the trading team are limited; if you truly want to break through and turn your fortunes around, action is the only answer.