How to triple 200U in 24 hours
1. Experience
Due to the previous market stagnation, I had no extra U in my full inventory of spot purchases, so I borrowed 200U from leverage to trade super short-term contract swings, which is essentially about making small and quick profits continuously. At the beginning, each trade could earn about 3U to 10U, and as the capital gradually increased, the profits naturally grew from the initial 3-10U to 10-30U per trade, then to 20-50U per trade, and occasionally I could catch some bigger moves. In the early stages, since the capital was small, trades had to be quick, the faster the better! Don't be greedy, because with a small principal, even if you are greedy on a trade, you can't earn 10,000U.
In the early stages, with small capital, you must first grow your funds before you can make trend trades for larger profits.
2. How to choose the contract's cryptocurrency
In fact, choosing a cryptocurrency is not that difficult. First, you need to clarify which coins are tradable and which are absolutely not to be touched. When selecting coins, mainly look at the daily trading volume, volatility, and liquidity of the spot for that coin. Coins without trading volume cannot be played, and those with too high or too low volatility cannot be played either. It's best to have a volatility of about 2% on the 15-minute K-line. Why can't we play coins with high volatility? Because our capital is small, and their positions are large, we simply do not have the capacity to withstand trades, so high volatility is also unsuitable. Another point is that the liquidity spread cannot be too large and the number of orders cannot be too small.
Since we are trading super short-term swings, many coins meet our criteria, of course, there are many other indicators to observe, but due to space limitations, I won't list them all.
Alright, let's see specifically how to operate
First, remember that you are trading super short swings, not trend trades or rolling positions, etc. The advantage of super short swings is that they are fast, accurate, and decisive. In fact, you can borrow the tactics of guerrilla warfare, which is really quite similar...
If your capital is only 100-200U, then your opening position should be about 25%. I prefer to calculate manually based on U. My opening position is about 300-500U, making a few U per trade and then exiting. Sometimes I will close the position just seconds after opening. If I can bear a loss until I break even, I will immediately exit. If the position is too deep in the red, I will look for opportunities to open a hedging position and find a suitable chance to close one side in parts to break even. If there are really no opportunities, I will directly cut losses.
