【The Real Path from 1000U to 20 Million: A Tearful Summary of 5 Life-Saving Rules from an Experienced Trader】
Brothers, this is the core knowledge I gained from 6 years of blood and tears! Once, I turned 1000U into 20 million, and also faced liquidation to the point of wanting to jump off a building. Today, I will share the most brutal practical tips:
Play Precisely When Bullets Are Few
Don't emulate big players with less than 100,000; seize only one opportunity each day! On the night of SOL's explosive rise in May 2024, I only used 10% of my position to capture a 30% increase and ran with my profits. Remember: Full investment with small funds = suicide (Last year, I wiped out 3682 accounts all due to greed).
Good News is a Signal to Retreat
Upon seeing the phrase "significant good news," set an alarm and run away immediately! On the day of LUNC's good news in 2023, it rose by 30%, and the next day plummeted by 40%, causing losses for 28,000 people. The dealer's trap: Good news = a setup; those who run slowly become the bag holders.
Don't Bet Your Life Savings on Long-Term
Holding ETH/BTC is fine, but don't exceed 20% of your position! During the major drop in March, those heavily invested in dog coins were wiped out, while those with light positions had money to buy the dip. Remember: There is no "guaranteed profit" in the crypto world, only "survival."
15-Minute Chart Determines Life and Death
For short-term trading, you must look at the 15-minute candlestick and KDJ indicators! On May 20, when BTC fell below 66,000, after the KDJ death cross confirmed, it plummeted 3% within 2 hours; shorting doubled the returns. This is three times faster than capturing buy and sell points on the daily chart.
Stop Loss is More Important than Your Own Mother
Set a stop loss before opening a position! In April, I went long on ETH without a stop loss and was liquidated within 5 minutes due to a spike. Now, every trade must have a stop loss of 30 dollars; I'd rather earn less than suffer a major loss.
Advice for Desperate Brothers
Online lending and crypto trading = jumping into a fire pit (personal experience)
Stop immediately after three consecutive losses.
Withdraw your principal once you have more than 50% profit.
Remember: Only those who survive can laugh last. With the current market, following these 5 rules can at least protect your principal. Wait for a major crash, and that will be your chance to turn 1000U into 1 million!
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