99% of people don't know! The secret to a rookie in the crypto world making millions!
Today, I must share some valuable insights with you. This is the survival rule I learned after years of struggling in the crypto world and experiencing countless liquidations, all with real money!
In 2021, I experienced my 27th liquidation in life, and that was when I finally understood that one cannot blindly rely on passion and luck in the crypto world.
Since then, I divided my initial capital of 100,000 into five parts, and each time I entered the market, I only used one part, which is a 20% position.
I also set a strict stop-loss for myself: if my loss reaches 2%, I immediately exit.
What seems like a conservative operation is actually my trump card for survival in the crypto world.
Those who have experienced liquidation know that averaging down when losing only makes you sink deeper, while increasing your position when in profit is the key to unlocking the door to wealth.
I have a three-step position increase method.
I first use 20% of my position to test the waters. If I profit 10%, I then add another 10% to my position; if I profit another 15%, I add another 15% to my position. This way, I can ultimately use a 35% position to capture a 70% increase.
But if my initial position loses 10%, I do not hesitate to immediately close half of it, and then wait for the next opportunity with the remaining funds.
When you can't control yourself and want to chase high prices, just look at your liquidation records; when you can't resist wanting to buy the dip, just remember that the market always has lower prices.
These are not just motivational quotes; they are survival rules I earned through countless liquidations and years of experience in the trenches.
I now share opportunity signals every day in my internal group, but the one who can truly change your destiny is always yourself.
