Having been in the crypto trading scene for over 10 years, starting with 50,000 and making 20 million, then going into debt of 8 million, then back to making 20 million, to now achieving financial freedom. In the past two years, from May 23, 2022, to June 4, 2024, I've managed to turn less than 50,000 into a return rate of 418134.86%, achieving over 28 million. Here are some practical and useful advice for newcomers to the crypto scene.

The Three Realms of Snowballing

The first realm (10-20U stage): Only trade during lunchtime and at 2 AM. Don't ask why; even the market makers need to eat and sleep.

The second realm (Breaking the 50U Barrier): Divide the principal into red and blue portions. The red continues to fight in contracts, while the blue buys Dogecoin and stores it in a cold wallet—don't underestimate MEME coins; last year, I relied on this to send a 131.4 red envelope to my online dating partner on 520.

The third realm (Breaking the 100U Life and Death Line): At this stage, learn to 'raise a gu'. At the same time, open 3 exchange accounts, putting 30U in each, and let them fight among themselves. The last account standing is the chosen one.

Back to the point, I urge novice traders to carefully read, comprehend, and practice the following cryptocurrency trading principles.

In the crypto world, 1,000 yuan is about 140U!

Recommended optimal strategy: contracts.

Each time use 30U to gamble on popular coins, ensuring to take profits and stop losses at 100 to 200, 200 to 400, and 400 to 800. Remember, at most three times! Because luck is also needed in the crypto world, gambling like this can easily earn 9 times, but one time could blow it all! If you clear three levels at 100, then your principal will reach 1100U!

At this time, it is recommended to use a threefold strategy for trading.

Trade two types of positions in a day: ultra-short positions and strategy positions, and if the opportunity arises, then enter trend positions.

Ultra-short positions are used for quick strikes, with advantages at the 15-minute level: high returns but high risk.

Only play at the level of a Big Cake Mistress

The second type of position, strategy position, is to use small positions like 10 times 15U to trade contracts at around the 4-hour level, saving profits and making regular investments in big cakes weekly.

The third type, trend positions for medium to long-term trading, go for it directly when you see the opportunity: you can earn a lot.

Identify suitable points and set a relatively high cost-performance ratio for profit and loss.

A thousand-fold contract may seem risky at first glance, but it is actually my most profitable and highest win-rate investment type. Initially, I was confused by it, but I gradually understood that it mainly benefited from following a clear set of trading rules unintentionally.

1. Total capital setting: The funds I use for contract trading are always fixed, for instance, one account's funds are always 300U. This means my maximum loss is 300U, and once the market trend is favorable, I have the chance to earn tens of thousands of U. Such a setting allows me to maintain controllable risks while seizing profit opportunities from significant market movements.

2. Initial investment amount: My initial trading amount is always very low, based on the philosophy of stock trading master Livermore. He believed that if you are correct from the start, it is best to start making money from the beginning. Therefore, the amount I test the waters with is always very small; even if the total capital is 300U, the starting amount is often just single or double-digit U, ensuring that I am in a profitable state right from the beginning of trading.

3. Position Increase Strategy: I will only use profits to increase my position when there are profits and the trend is clear. This strategy allows me to further amplify profits when the market trend is favorable while avoiding increasing risks in an unfavorable market environment.

4. Stop-loss setting: I will adjust the stop-loss position in a timely manner based on market conditions to ensure I do not lose my principal. This is an important principle I adhere to in trading, as it helps me remain calm amid market fluctuations and avoid emotional trading decisions.

These four rules have unconsciously made me strictly adhere to trading discipline, and the logic behind them also applies to ordinary low-leverage contracts because the reasoning is universal. Of course, before starting, I must remind novice players:

Contract trading is not child's play, especially for those who think there is some contract technique or master who can predict prices.

Do not blindly believe that you can make big money just by following them; this kind of thinking must be avoided. I certainly do not have any secret that can make you rich just by hearing it.

Moreover, contract trading tests human nature very much; unless you can stick to using a very small amount of money, like 100U, 300U, etc., only then does it align with the strategy of 'betting small to win big' rather than 'betting big to win small.'