Let me also share my journey in trading coins. I started as a small retail investor with 5,000 yuan and fought my way to become a middle-class individual with 25 million yuan!
My dad was misled into buying 4,000 Bitcoins in 2015, with the keys stored on his Apple laptop. After neglecting it for a long time, he forgot the password. When he wanted to sell during the last bull run, he couldn't retrieve the keys, but this year he found a tech expert to help him crack it and finally got it back.
Let me share my journey in trading coins. I started as a small retail investor with 5,000 yuan and fought my way up to become a middle-class individual with 25 million yuan!
Today, I will share with you the insights I have gained along the way.
The most important thing in trading coins is fund management; don’t invest all your money at once. I usually divide my funds into five parts, taking only one part for trading each time. This way, even if I incur losses, I won’t be too heavily burdened. Also, I set a rule for myself: if I lose 10%, I withdraw immediately, regardless of market conditions. If I lose 10% for five consecutive times, I only lose 50%. However, if I make a profit, the returns can be much higher. Even if I encounter situations where I'm stuck, I can maintain my mindset.