Let me tell you my story. When I first started trading contracts, I was heavily in debt and almost faced ruin, even contemplating life. But the crypto world is so magical; through an accidental opportunity, I received guidance from a master, diligently studying techniques. I've spent countless days and nights researching and learning!
The journey in the crypto world is long; I hope everyone can avoid detours and reduce tragic occurrences!
I have also asked myself the same question in the process of rediscovering my original intentions. On one hand, it's for my dream of being a hero; I dedicate everything to trading, honing my skills, and I don't want to go unnoticed without witnesses!
On the other hand, I want to provide a pathway for those who are eager to learn. What I have gained in the market is also a process of giving back to the market. The natural way of doing things reminds me of my own struggles with leverage issues years ago. After many months of hard work, I found no reference path to learn from, only repeating the K-line over and over again, going through countless days and nights. I understand the difficulties faced by novice retail investors in the crypto world, and I can empathize even more!
In the crypto world, there is a saying that makes people envious: even if you only have 1000 yuan at hand, as long as you can hit 'tenfold coins' three times, you can transform into a millionaire. This is not a fantasy, but a small spark that burns brightly in the hearts of many cryptocurrency players.
Imagine starting with 1000 yuan, first turning it into 10,000, then 100,000, and finally reaching 10 million. This is like a three-step leap in life, with each step making your heart race and blood boil. It's not just a simple number game; it represents a process of continuously breaking through and challenging one's limits.
To achieve this goal, you need three 'golden ideas' — that is, to find three coins that can increase tenfold. This requires real skills, a sharp eye, accurate judgment, and a bit of luck. Every time you find such an opportunity, it's like striking gold. You must cherish it, operate it well, and try multiple times until you succeed.
Of course, it's easier said than done. The crypto market is unpredictable; what is popular today may be forgotten tomorrow. Therefore, we need to stay sharp, learn more, and observe more. Assets like vic, banana, id, sui, sol, apt (these are just examples, don't rush to buy them) might be the next big hits. But remember, investment requires brains; you can't rely solely on gut feelings.
To join this exciting game, you need to have a big heart and withstand the storms. Don't fear challenges; if you think you can't handle it, just jump in and mine for gold in this sea of digital currency. But don't forget, risks and opportunities always go hand in hand; rational investment is the way to go, allowing you to sail steadily towards wealth.
Retail investors, wake up! Poor position control renders even the best skills useless.
In investing, many retail investors often overlook a key factor — position control. There are very few retail investors who can truly manage their positions well.
Making money relies not on luck, but on long-term accumulation of experience and skills. If position control is not managed well, you can truly lose enough to question life itself. Position control is the key to survival in investing, unless you are indifferent to liquidation. Especially with the recent market volatility, with fluctuations exceeding 10,000 points in a day, how many people's positions can withstand such shocks? Always remember, only by surviving in the market can you have the opportunity to profit!
In trading, the importance of position control is no less than technical analysis. Even if your technique is excellent, poor position control renders everything meaningless. After opening a position, where should the liquidation line be set? Can each trade achieve a high risk-reward ratio? Have you left enough room for averaging down? These questions are crucial.
Investment is not something that happens overnight. Don't always think about getting rich quickly or making a fortune in one go. Position control is a long-term process; the money in the market can always be earned but can also be easily lost.
Assuming you start with a capital of 100u,
The first trade was made with a position of 10% (i.e., 10u), and after successfully taking profits, the capital grew to 130u.
In the second operation, I used 10% of the current capital (i.e., 13u) as a position. However, this time I encountered a stop loss, causing my capital to drop to 117u.
On the third attempt, I used the same position ratio as before (still 13u), and this time, I successfully took profits, increasing my capital to 156u.
On the fourth investment, I increased the position to 16u (about 10% of the current capital) and once again achieved a profit, with the final account balance reaching 204u.
When opening a position, always follow a strategy to manage your positions:
For example, if the entry price is 2685 (using 10% of the capital), then increase the position when the price rises to 2695 (also using 10% of the capital). At the same time, set the stop-loss at 2705. For a more aggressive operation, you can adopt a phased buying approach, investing 7% of the position each time. This method offers better risk-reward ratios, such as reaching 1:1.5 or even 1:2.6.
When approaching the profit target, when it's about 5-10 points away, you can choose to close 70%-80% of your position, and for the remaining part, raise the stop-loss line by 5-10 points. If the price does not break through this new stop-loss point, continue to hold; if it breaks through but does not meet expectations, gradually reduce the position. Close 70% of the position at every key resistance level and adjust the stop-loss accordingly.
If luck is on your side, through 2-4 consecutive profitable operations, you may significantly increase your total capital. This method considers both risk control and maximizing profit.
When trading cryptocurrencies, simplify complexity. Do simple things seriously, and the path to success will be closer!
