Is your principal less than 1500U? Don't rush into the market yet, these 3 iron rules have saved my account‼️
Friends with a principal of less than 1500U, stop and don't rush to operate— the cryptocurrency market is not a place to gamble based on luck; you need to calculate every step carefully in this battlefield.
I previously guided a complete novice, starting with a 1200U principal, and in 4 months, he reached 25,000U. Now his account has exceeded 38,000U, and he never blew up his account once. Do you think it was just luck?
On the contrary, it was based on the 3 hard rules I summarized from my past mistakes, which were also the key to my ability to leave the market securely starting from 8000U.
First, divide the funds into three parts; going all-in is equivalent to risking your life. Split the money into three portions: 400U for day trading, focusing on just one opportunity each day, take profits once the target is reached, and never be greedy; 400U for swing trading, avoid chasing scattered trends, and wait for clear major opportunities to strike for substantial profits; the remaining 400U should be your safety net, never touch it unless the sky falls, this gives you the confidence to turn things around. How many people have fallen due to a reckless gamble? Remember, surviving in the crypto world is more important than anything else.
Second, stick to the big trends and don’t mess around in sideways markets. 80% of the time in the crypto world is spent in a sideways consolidation; frequent operations during this time are just giving away money.
If there’s no trend, be patient and wait until the trend emerges before entering the market. When profits are reached, decisively take profits; as long as profits exceed the principal by 20%, withdraw 30% to lock in gains. Those who truly know how to make money are the ones who can stay calm in normal times and make a big profit in one move.
Third, manage your trades with rules, don’t let emotions ruin your trading.
Set a stop-loss at 2%, and when it hits, you must cut losses without hesitation; if profits exceed 4%, reduce your position and cash out a portion; never add to a losing position. You don’t have to be right every time, but you must execute correctly. The highest realm of trading is to let profits run on their own while locking emotional impulses outside.
In fact, having a small principal has never been a problem; the problem lies in always thinking about getting rich overnight.
Turning 1200U into 38,000U is not based on luck, but on this approach of locking in risks and maximizing profits.
If you are still confused and directionless, consider chatting with Sister Ting.