In the crypto world, money comes like a rocket, but losing it is even more intense than a waterfall.
Many newcomers enter and see others flaunting their profits, feeling envious, thinking what they lack is the courage to go all in and leverage. What happens in the end? They don't make money and end up getting thoroughly dealt with by the market.
I managed to navigate from a small capital to where I am now, not because of boldness, but because I survived long enough.
Contracts are not some "get-rich-quick device"; they are a magnifying glass that can amplify all your mistakes infinitely.
If you don’t follow the rules, it will strike hard, showing no mercy.
The following are ironclad rules for beginners to stay safe.
First rule: If you’re wrong, don’t stubbornly hold on, withdraw quickly.
The market won’t sympathize with you just because you can hold on longer.
Once you realize you’re on the wrong track and hit your stop-loss point, admit your mistake and leave.
Consider small losses as tuition; stubbornly holding on leads to major accidents.
Second rule: If you keep losing, you must hit the brakes.
If you’ve misjudged several times in a row, don’t think you’re just unlucky; the current market might not be suitable for you.
At this point, the best thing to do isn’t to rush to get even, but to close the trading software and take a break.
Often, looking back the next day provides much clearer insights.
Third rule: If you make money, withdraw it quickly.
The numbers in your account are still virtual; only what you transfer to your bank account is real cash.
Even if you don’t earn much, you should develop a habit of regularly withdrawing.
Otherwise, if the market pulls back, all your previous hard work will be in vain.
Fourth rule: Wait for the right trend before taking action.
When the trend is clear, even if you only place small bets, there are plenty of opportunities;
When the market is fluctuating back and forth, like a headless fly, whoever enters will be unlucky.
If you can’t understand the market, don’t make reckless moves; staying in cash and observing is also a strategy.
Fifth rule: Never go all in.
The place where beginners are most likely to trip up is by betting all their assets at once.
Keeping your position light allows you to withstand market fluctuations and not be easily swayed by emotions.
In the crypto world, surviving is much more important than making a big profit.
Lastly, let me say this frankly:
Contracts are not meant for those who want to turn their fortunes overnight; they are for those who are disciplined and can control themselves to amplify their advantages.
If you don’t even have basic self-control, no matter how high the leverage, it will only lead you to exit faster.
First learn to stay safe,