"Five Rules for Saving Life in the Cryptocurrency Circle: The Blood and Tears of Ups and Downs"
(At 2 a.m., the liquidation message illuminated the pale face) Last year, my brother swiped orders on the SOL chain and lost his down payment in one night, just because he committed these five capital crimes! Now I only have 30% of my principal left, and I sound the death knell for all newbies:
1. Choosing the wrong chain = giving bullets to the dealer
The SOL chain is a meat grinder: the handling fee looks low, but the slippage can eat up your principal when it plummets! In April, a certain MEME coin slipped 30% in 0.5 seconds, and many people's orders became waste paper
Life-saving operation: Only play the ETH main network for scoring, no matter how expensive it is, it is better than going to zero
2. Adding positions without hesitation = cutting off your own meridians
The death trap of 100U turning into 900U: you think you are bottom-fishing, but you are actually filling a hole! Remember:
No more than 2% of the principal for a single transaction
For every 10% drop, the amount of positions added is halved (100U→50U→25U)
3. Hesitation for three seconds = coffin deposit
K-line is a license to kill: In February, I stared at ORDI's MACD golden cross and hesitated for 5 minutes. I missed the best selling point and lost 80% of my profit
Selling order tactics: place an order 0.5% lower than the current price, so that you can escape first when the price plummets
4. Liquidity trap = guillotine
Volume fraud warning: dealers often use cross-trading to create false prosperity. Run quickly when you see these three:
The difference between the buy and sell price exceeds 3%
The number of transactions on the chain is <1000
A jagged gap appears in the Binance depth chart
5. Emotional out of control = password for liquidation
Stress test must be done:
Slap yourself when you lose 10%
Turn off the computer immediately when you lose 20%
You must withdraw cash when you earn 30%
The ultimate life-saving technique (print and stick on the wall)
On-chain monitoring: Use DeBank to track the whale address, if they run, you will run too
Slippage lock: Set the maximum slippage of 1.5% before trading, and automatically cancel if it exceeds
Stop profit curse: If you don’t sell when the profit exceeds 50%, it will fall back to the starting point the next day
The brothers who didn’t listen to advice last year, the grass on their graves is now two meters high! Remember: There is no holy grail in the currency circle, only the remnants who stick to discipline. Every bit of your restraint today is a chip for future wealth
Blindly working alone will never bring opportunities, click on the avatar to follow me, I will take you to explore the ten-fold potential coin! Top-level resources! $BTC
