From losing 3 million to currently having over 2,000 in wealth, mastering the wealth code -- master this method, once grasped, it's easy to make tens of millions! (Pure practical content, suitable for everyone, easy to learn, and easy to understand) Must bookmark!
Without further ado, let's get straight to the point!
First, the trading frequency cannot be too high. There are too many people in the cryptocurrency circle eager to get rich; if they don't trade for a day, they feel they will miss out on their imagined massive market. In fact, trading should depend on the market conditions, not on time. Blindly trading without market conditions only leads to losses. There are plenty of opportunities in the crypto world, but the vast majority are not ones you can catch; no one can take advantage of every fluctuation. "Waiting" is the key. Learn to wait, seize your own opportunities, and reduce the frequency of your stop-loss orders; your profits will naturally see a significant increase.
Second, overcome greed. Greed is the most taboo thing when trading cryptocurrencies, especially in contracts. The market fluctuates every day; where there is an increase, there must be a decrease. I have seen too many people who originally had doubled positions suffer losses due to greed, not taking profits, leading to cutting losses or even liquidation.
Third, strictly implement profit-taking and stop-loss strategies. This is the most important operation in contract trading and a key reason why I personally achieved a maximum return rate of 11,570.96%. Before analyzing the market and placing trades, always think about the profit-taking and stop-loss positions, especially the stop-loss position. Calculate whether the risk-reward ratio is worth taking the trade. When you feel it's a good time, set these two positions. No matter how the market fluctuates, you will remain steady; strictly adhere to the stop-loss position, preserve your capital, and lock in profits.
Fourth, manage your position size well. Why is position control important? A simple calculation can clarify this: if you earn 20% on a trade and lose 20% on another, with a 50% accuracy, after 40 cycles, you will halve your assets; considering transaction fees, even less remains, and the result is certain: your assets will go to zero. Therefore, it is crucial to manage position sizes well; fixing your capital is a good choice, and withdrawing profits is a great habit. What is withdrawn is yours; what remains in the exchange is just floating profit.
If you are still losing or unable to sustain profits, it indicates that your trading system has fatal flaws!
How to pick up money in such a market
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