Cryptocurrency Newbie Pitfall Guide 💰 Summary of Hard Lessons from Veteran Players
Just entered the cryptocurrency world to trade contracts? Don't rush to go all in! Veteran players share 4 life-saving tips, remember: staying alive means having a chance to get rich! 💪
🔥 Life-saving Tip 1: Learn to Crawl Before You Fly (Basic Pitfall Avoidance)
Choose perpetual contracts: Newbies should avoid futures contracts! Perpetual contracts have no expiration date, making them friendlier for practice.
Leverage ≠ Money Printer ⚠️: With 10x leverage, a 5% reverse fluctuation means you lose half your capital! It's recommended to start with 5x leverage to feel the “waves.”
Set Stop Loss! Set Stop Loss! Set Stop Loss! Every trade must have it! Capital 8000? Don't let a single stop loss exceed 800! Floating loss of 10%? Don't hesitate, run! Keeping your capital means you're not afraid of running out of fuel.
Choose top-tier platforms! Binance/OKX/ZhiMa, the risk of small platforms running away is frighteningly high. Compare transaction fees as well!
📈 Money-Making Tip 2: Only Eat “Fish Flesh” (Certain Strategy)
Trend is King:
Look at the 4-hour chart! 50-day line > 100-day line > 200-day line → Go long ✅; the reverse means go short ✅.
MACD Golden Cross above the 0 line + RSI > 50 → Win rate UP! 🚀
Don't Get Overly Enthusiastic in Ranges:
Don't catch falling knives! Wait for at least 3 bullish candles to confirm before the previous low.
Don't chase highs! If the price is too far from the moving average (>20%)? Wait for it to retrace before getting in!
💰 Money Management Tip 3: You Can Operate with 8000 (Practical Position Sizing)
Leverage Control: 5-10x is sufficient for newbies! With 8000 in capital, you can trade up to 80,000 contracts (10x), greatly reducing risk!
Take Profits: If you earn 20% (like 1600), withdraw 320 (20% profit), and keep the rest to trade, keeping your mindset more stable.
Build Positions in Batches:
First order 40% (3200) for testing, if it drops by 5% (loss of 160) immediately set a stop loss.
Add another 30% (2400) after breaking the previous high.
Always keep 30% (2400) as emergency funds! To guard against black swan events!
🎯 Four Steps in Practice (BTC/ETH Priority):
Choose Coins: Only trade BTC/ETH! They have good liquidity and are much more resilient than altcoins!
Watch the Trends: Bullish moving averages + MACD Golden Cross → Go long; bearish arrangement? Resist the urge to catch falling knives!
🌟 Core Summary:
Risk First! Stop losses to protect capital are the bottom line.
Only engage in certainty! Don’t guess tops and bottoms.
Manage your funds well! Position sizing, leverage control, and secure profits.
Focus on the mainstream! BTC/ETH are the way to go.
As a newbie, earning less is still winning! Survive first, then grow stronger! 💪
