The contract is a meat grinder. Want to survive? Remember: living long is a hundred times more important than earning quickly! With 10 years in the crypto circle, I have 9 iron rules exchanged for real money, each one is a lifesaver!
Essence:
Capital of 100,000? Just do one trade a day! Don't be greedy, don't exceed 30% of your capital in a single trade.
Monthly profit of 8%-15%? That's enough, stop! The harshest rule: if you make your monthly target in one day? Shut down immediately! Don’t follow my example of making 20% in a day without stopping, only to lose it all in two days and even end up in the red!
Heard about a "big benefit"? Don’t rush in blindly! Keep an eye on the trading volume for 15 minutes, can’t break through the previous high? Run quickly! Otherwise, a big needle could stab down at any moment, cutting you by 15%+ without discussion!
Bottom fishing looks at the position: For a slow rise, watch the MA30 support line; for a surge and crash, wait for it to drop near the golden ratio level of 61.8% before looking.
Beware of anomalies! Before a big crash like on May 19, did the market volatility suddenly triple? That's an alarm! Run fast!
Short-term buying? Three signals must align: KDJ golden cross + trading volume doubles + price breaks through the upper Bollinger band! But remember: from 11 PM to 1 AM, the market makers love to stab and hit stop losses! Be careful!
Key days are crucial: the 8th of every month (non-farm payroll), end of the quarter, and 72 hours before ETH upgrades (volatility can spike by 47%)! On these days, the market is erratic; either be quick and ruthless in and out, or simply stay away for safety!
Set stop-losses in advance! Turn off price alerts! Holding positions? Want to experience the feeling of losing 83% on a single trade like on March 12?! Won three trades in a row? Take a forced break for 2 hours! Overextending will lead to death! Loss exceeding 5% on a single trade? Stop immediately! Must be flat for one day a week, give your brain a break!
Create a "mistake notebook"! Record every losing trade: when you entered, what you were thinking at the time, what the candlestick looked like. Bloody lessons: 81% of huge losses come from falling into the same pit twice! Write it down to remember better!
These are the life-saving rules I comprehended after blowing up accounts and shedding tears! Want to survive in the crypto contract world and slowly become rich? Hit follow, I share hardcore insights every day to help you avoid detours! Getting rich overnight is not a dream $SOL #solana
