Half a year ago, a brother came to me with 1500U, a complete novice, knowing nothing. He asked me what to do.
I told him to listen to me, don’t learn those flashy things, just three simple rules: if you can do them, you can take the money. If you can't do them, it's better to leave the circle early and stop playing.
First rule: divide the money into three parts, never touch them.
1500 divided into three 500s.
One 500 for day trading, at most one trade a day, finish and wrap up.
One 500 waits for trends; if there’s no market, just lie still, if there’s a market, then move.
The last 500 is the coffin fund; no matter how good the market is, don’t touch it.
Those who go all in seem fierce, but when they get liquidated, you’ll know who is kneeling and crying.
Second rule: only take three or four waves a year, the rest of the time be idle.
In the crypto world, 80% of the time is spent idling; going back and forth is just giving away money.
Ming's principle: if it’s sideways, just watch the show; only step in when the trend comes. After making 20%, take out 30% to convert to U, let the rest run for profit.
A true expert doesn’t make money every day; they just know how to hold on to their gains better than others when they do.
Third rule: turn yourself into a machine.
Set a stop loss at 2%; if it hits, cut it, don’t hold on for even a second longer.
When profit reaches 4%, first reduce to half, secure the profit.
If you lose, you lose; never add to a losing position. The more you add, the quicker you die.
Just these three simple rules, 90% of people can’t do it.
That’s why they lose money, and this brother makes money.
Half a year has passed, yesterday he sent me a screenshot: account 100,000 U, never had a position blown.
From 1500 to 100,000, it’s not about any magical indicators, just these simple methods.
In this crypto world, there are too many smart people, what’s missing are those willing to honestly listen.