Enough talk, let's get straight to the valuable insights:
Current suggestions for position management:
For example, if you take out 30,000 USDT for contracts.
My suggestion is to divide it into three parts, each with 10,000 USDT.
Each time you open a position, use one part to do so, fixed at 10,000 USDT.
Don't exceed 10 times for major coins, and don't exceed 5 times for altcoins.
If you are losing money...
For example, if you lose 1,000 USDT, you can replenish 1,000 USDT from external sources.
If you earn 1,000 USDT, you should withdraw that 1,000 USDT.
Ensure that in recent times...
Every time you open a position, you can ensure it's fixed at a position of 10,000 USDT.
Until you earn 60,000 USDT using this method from an initial 30,000 USDT.
Increase each of your positions to 20,000 USDT.
Doing it this way has its benefits:
Point 1: Split positions + low leverage to avoid being liquidated due to market spikes.
Point 2: Avoid ending up in a situation where you lose everything. If you ever find yourself in such a position, you should only lose a maximum of 1/3, leaving the rest for a buffer.
Point 3: Maintain a fixed position so that whether you're losing or winning, you can keep a relatively calm mindset, which helps stabilize your emotions.
My habit when opening positions is to go all in at once.
For example, one part is 10,000 USDT. In a single market movement for one coin, that would be a full position opened.
Full positions involve 1/3 of your funds, with altcoins at 5 times and major coins at 10 times, entering and exiting fully.
My entry point is overall quite precise and accurate.
If you always use stop-losses and low leverage, it’s impossible to get liquidated.
My logic is to ignore all indicators and focus only on the profit and loss of positions.
For instance, if my total scale earns X%, I increase one position. If the total scale loses Y%, I will stop-loss or exit completely.
All operations are only related to my position's profit and loss; the candlestick chart only serves as the initial direction for opening positions. As for those indicators, their original purpose is to reflect the profit and loss situation of the positions they were created for. Essentially, my approach is a kind of abstract indicator, a secret shared with only a select few.
The secret techniques have been shared with everyone; whether you can gain fame in the community depends on your own efforts.
This method must be saved by everyone. Watch it a few more times. Friends who find it useful can share it with more people involved in cryptocurrency trading around them. Follow me for more valuable insights from the crypto world. Having been through the rain, I am willing to hold the umbrella for non-experts! Follow me, and let's walk together on the path of cryptocurrency!
Playing around in the crypto world is essentially a contest between retail investors and big players. If you don't have cutting-edge news or firsthand information, you can only get cut! If you want to collaborate on strategies and harvest profits from the big players, feel free to join, and let's discuss together with like-minded crypto enthusiasts~
