Brothers, today I want to give you a bloody lesson! Three years ago, I was also a retail trader who lost 800,000 in one night, but now I've been steadily profitable for six months, all thanks to these few ironclad rules earned with my life! Especially the 5th one, even the big players would curse upon seeing it!
First, stop saying anything about high selling and low buying! The market punishes all disobedience; I've seen too many people die from these four words. The real tough ones only do two things: open a short position only when BTC/ETH is heavily suppressed by MA60 on the 4-hour chart, and open a long position only when the daily support stabilizes with volume! Remember, 90% of liquidations are due to impatience for bottom fishing and top picking!
Second, setting a stop-loss at 20%? You might as well just give your money directly to the exchange! My rule is even harsher: a single stop-loss should not exceed 5% of the principal, and the maximum loss in a day is 10%. The most extreme is my "pinning buffer method" — always set the stop-loss just outside the extreme point of the pin, which has saved me from liquidation three times at midnight!
Third, a profit-loss ratio of 3:1 is basic operation! For ETH, a stop-loss of 20 points should yield at least 60 points in profit, and for BTC, a stop-loss of 800 points targets 1200 points. But true experts will activate a trailing stop-loss after reaching half of the profit, letting the profits run until you start questioning life!
Fourth, staying up all night watching the market? You’re just handing your head to the big players! The liquidity at midnight and on weekends is like water in a desert; the big players love to harvest the traders who stay up late!
Fifth (highlight this!), this is the "winning stop-loss technique" that the big players hate the most: after floating profits of 20 points for ETH or 800 points for BTC, immediately move the stop-loss to the break-even point! From then on, this position has zero risk, but if the trend is still good, hold onto it until you see a bearish engulfing or a long upper shadow before running! This trick has never let me turn a profitable position into a loss!
Lastly, let me say something heartfelt: Contracts are not a casino, but 90% of people treat them like one! Remember these three absolutes: never fully invested (even if you have insider info, don’t exceed 10%), never trade frequently (at most 2 trades a day), and never chase highs (if you lose two trades in a row, shut the computer down)! These rules have saved my life, and now I pass them on to you; whether you can grasp them depends on your fate!
The market changes every day, so you need to pick the right timing to act. If you still feel too confused, you can click on my profile to follow me; I usually share some cutting-edge information and practical strategies to seize big opportunities together!
