Making money in the crypto world requires stability! Those who want to get rich overnight often end up losing everything! I've seen too many bloody examples, so today I want to share some heartfelt advice.
The first and most important point: don't go all in right away! I have a friend who is very smart; he started by investing 5000 USD and used a 3x leverage to test the waters. The key is what? Only increase your position after making a profit! He made 1500 USD, took out 500 USD to continue playing, and even reduced the leverage to 2x. This is like rolling a snowball; it gets bigger and bigger, but the foundation must be solid!
The second point is even more critical: learn to wait! After Bitcoin plummeted in March, it consolidated for two weeks; how many people couldn’t resist and ended up losing badly? My friend held firm and did nothing. What was he waiting for? He was waiting for the price to truly break through the key resistance level before entering the market! Remember, big money is made by waiting; random trading is worse than not trading at all!
The third point, a secret to survival: set your liquidation price far enough away! Last month, there was an unfortunate guy who used 5x leverage on Ethereum, and one spike wiped him out! So my friend always sets his liquidation price far away; for example, if Bitcoin is currently at 100,000, he sets his liquidation price at least below 90,000 so that he can sleep soundly!
The fourth point is the most practical: make sure to withdraw your profits! Don’t just look at the numbers in your account and be foolishly happy! My friend has a simple rule: once the principal doubles, he withdraws 5000, and the remaining profits can be played with as he wishes. Account at 100,000? Just withdraw 80,000 and secure the gains! Remember, only profits should remain in the market, never your living expenses!
In summary, here are four key points:
Start with a small investment, and increase your position after making a profit.
Patiently wait for opportunities; one or two trades a month is enough.
Set your liquidation price further away to prevent being liquidated by spikes.
Withdraw profits to secure gains.
If you're still unsure, follow the K-Line judge! Tomorrow, I’ll tell you which price point is most suitable for entering the market, or... which price point might cause you to be liquidated in an instant! #加密市场回调