🚨 When I first entered the crypto world, I thought contracts were like gambling, until I learned these basic principles.
1. Stay alive before talking about making money
What is the worst thing in contracts? Liquidation! I have a principle: divide total funds into 10 parts, for example, with 1000U, open a position of 100U. Even if I incur losses, it’s only a 10% loss; if my mindset remains stable, there’s still a chance for recovery.
2. Increase positions when profitable, cut losses when losing
The reason many people lose money is simple: they run away when they make a profit and hold on stubbornly when they lose. I am different:
When profitable, I only increase my position with a 20% profit, keeping the principal unchanged. When losing, I cut losses at -5%, and never average down! (Otherwise, I’m just giving money to the market makers)
3. Beware of those "shitcoins"
Most coins are used to fleece unsuspecting investors, and I never play with those insignificant altcoins. I only trade mainstream coins and won’t chase after a 50% surge!
💡 My counterintuitive technique: When the market crashes, I dare to increase my position because I understand market emotional fluctuations.
❗️ Principal is always the priority: without the principal, there’s no chance for recovery!
In a bull market, dare to make money; in a bear market, dare to hold still. It's okay to earn less; preserving the principal is the key.
🔥 Long-term holding is the hard truth: Bitcoin and Ethereum have experienced bull and bear markets. If you can survive here, the bull market will naturally bring you substantial returns.
📉 The most important thing: control your emotions
Greed and fear are the biggest enemies. Remember, don’t let yourself become a bag holder! Those who truly make money are not just lucky, but patient and have a good mindset.
