When I first entered the crypto space, I also thought contracts were just gambling!! Until...
1. Survive first, then talk about making money.
What is the most feared thing in crypto contracts? Liquidation! My iron rule: Always divide total capital into 10 parts; for example, only use 1000U out of 1WU to open a position. Even if...
Even if it explodes, it's only a 10% cost; as long as your mindset doesn't collapse, there is still a chance to turn it around.
2. Profit to increase position, cut losses when in the red.
The truth about why most people lose money: they run when they make a profit, but hold on for dear life when they lose!
My system is the opposite:
When profitable: Only add to your position when unrealized gains exceed 20%; never touch your principal.
When losing: Stop loss immediately at -5%; never average down!
(Whales love to kill the 'averaging down' retail investors...)
3. Beware of the 'Dogecoin' Trap
90% of coins in the crypto space have no value; they rely entirely on whales to pump and dump.
My selection criteria:
Only play mainstream contracts; never be fooled by altcoins promising 'get rich overnight.'
If a coin suddenly surges more than 50%, it's better to miss out than to chase the high!
Why do I dare to increase my position during a crash?
Actually, it hides a counter-humanity indicator that allowed me to profit during a major crash.
Safety of principal is the first priority; if your principal is wiped out, you will no longer have a chance to turn it around. It’s better to earn less than to protect your principal first. Always leave...
Having room
Do not trade frequently; making the right call on a few major trends in a year is enough; greed can lead to significant losses!
Control your emotions: 99% of people lose to human nature; fear and greed are the biggest enemies: the more the market rises, the more people want to buy, and when it falls...
The worse it gets, the more people want to sell, but true experts do the opposite.
In a bull market, you must dare to make money; in a bear market, you must dare to hibernate (dollar-cost averaging). In a bull market, you must be willing to sell; do not always think about making the last bit of profit.
In a bear market, you must dare to hold back from trading; do not get shaken out by market fluctuations.
Overall layout cycles are more important than short-term predictions; if you only want to trade short-term, you will constantly be affected by market emotions, but if you can extend your time frame...
Focus on the cycle and layout; you will find that market cycles are more regular than short-term fluctuations.
Mainstream assets are the cornerstone of long-term wealth; Bitcoin and Ethereum have endured multiple rounds of bull and bear tests, and holding long-term is better than trading short-term.
Earnings are more stable.
Investing in yourself is more important than investing in coins; the market is always changing, and past experiences may not apply to the future. Continuously learn new...
Knowledge is the key to surviving longer in the market.
Do not touch unfamiliar coins; focus on markets you know well to ensure success!
When most people are optimistic, it is often when risks are imminent; remember this, and do not let yourself become a bag holder!
Making money from trading coins is not because of luck, but because you are more patient, understand the market better, and can control your emotions better.
The real 'wealth-building secret' is not relying on a one-time windfall, but rather on surviving long-term; when a bull market comes, you will naturally become rich.
