I started from being a small retail investor with 50,000 yuan and finally became a middle-class with 800,000 yuan! (K-line teaching to avoid huge losses)
I am 33 years old this year. In 2017, I rushed into the cryptocurrency world with a capital of 50,000 yuan, and since then I have started my journey in the crypto space!
I started from being a small retail investor with 50,000 yuan and finally became a middle-class with 800,000 yuan!
I share my insights from my journey. The most important aspect of trading is money management; do not invest all your money at once. I habitually divide my funds into five parts, using only one part for trading each time. This way, even if I incur losses, I won't be too heavily burdened. Furthermore, I set a rule for myself: if I lose 10%, I immediately withdraw, regardless of the market situation. If I lose 10% five times in a row, I only lose 50%. However, if I make profits, the returns can be much greater. Even if I find myself stuck, I can maintain my mindset.
