Many people think that as long as the direction is right, they can make a profit. But I want to tell you a brutal fact—being right does not mean you can make money.
$SIREN
When I first started trading contracts, I lost a total of 800,000 in half a year. Ironically, during those times, I was correct in my predictions, yet I lost everything. It wasn't until I opened the settlement statement that I realized I didn't lose to the market, but was thoroughly cut by the three traps set by the whales.
The first trap: rushing in too early. As soon as the market moved, I impulsively opened a position, seeing a breakout I went all in. But just as I rushed in, the main force quickly reversed, and I was directly out.
The second trap: stop-loss too rigid. Setting a fixed stop-loss of 3% or 5% seems stable, but in the face of highly volatile contracts, this is just a dessert for the whales. I was swept three times by a 'false breakdown' while watching the market surge in the direction I predicted.
The third trap: heavy position confrontation.
Going all in is equivalent to handing your life over to the market. Even if the direction is right, just a few contrary K-lines can wipe out your account. That night I got liquidated, watching the balance go to zero left me frozen.
After that, I forced myself to establish three iron rules:
1. No all-in, split the position into three parts;
2. Adjust stop-loss according to volatility, don't stick to fixed points;
3. If the market is unclear, stay in cash, don’t force it.
With this set of rules, I went from continuous liquidation to steady profits, tripling my account in a year.
Remember, in the crypto world, those who can win are not the ones who see the right direction, but those who can survive. #加密市场回调
Follow the right people and take the right path to survive in the crypto world for the long term. The market is like this: either watch others feast, or decisively follow the big players. I will guide you to safety.