I have a big brother in the cryptocurrency circle who entered the market with 100,000 in the early years, and now his market value has directly reached 42 million.
He once said a sentence that directly woke me up:
"The cryptocurrency market is full of a mob, as long as you can control your emotions, this place is a cash machine."
I have summarized his experiences into a few points, which I sincerely hope will help you:
First rule: Don't make small money, don't lose big money
This sentence is very simple, but it is really difficult to achieve.
For example, you invest 20,000, and when it rises to 21,000, you take profit, earning 5% and feeling quite happy. As a result, the market continues to rise to 25,000, and you miss out on 50% of the profit.
Next time, when you're thinking this time you must make a lot of money, the result is the market drops to 20,000, and in the end, you can only stop loss at 19,500, resulting in a loss.
Most people are struggling in this dilemma, neither able to make a lot of money nor protect their principal.
Second rule: only invest in solid mainstream coins.
Don't touch those flashy new coins, only choose those that have fallen deeply and are starting to gradually recover in the mainstream market. First invest 10% of your position as a base, and take it steady.
Don't guess where the bottom is, just wait for the coin to stabilize before taking action. It seems dumb, but it's particularly solid.
Third rule: only add positions after confirming the trend.
Wait until the market confirms it's in an upward trend, then add positions through pullbacks, with a position ratio of about 20%-30%. While others are scrambling to buy the dip, I won't follow. Even if I buy at a higher price, it's still better than being stuck halfway.
Fourth rule: after each rise, first secure the profits.
After each wave of rising, first take out the principal and half of the profit. For the remaining, no matter how it fluctuates, there's no need to panic, don't be greedy. Only when the money is truly in your hands can it be considered real profit.
Last year, I helped a brother who had previously lost over 600,000. With this method, within half a year, not only did he recover his losses, but he also made enough to buy a BMW X3.
The circle never lacks smart people, what it lacks are 'dumb people' who can control themselves and endure.
When everyone else is chasing highs and cutting losses, you stick to the trend step by step, and you can actually pick up the money they drop.
The choice is actually very simple - either continue to follow those 'smart paths' and lose money, or follow my @加密福星 dumb method, taking it steady, not being greedy, and earning every penny reliably.#BNB创新高 #BTC再创新高 #十月加密行情