If you are currently losing on your contract and want to turn your losses into profits, you must read this content carefully! Follow these 6 self-discipline guidelines to help you achieve stable profits (recommended to like + bookmark, to avoid not finding it later~)
1. Learn to take profits and cut losses 📉
The market changes rapidly, and taking profits and cutting losses is a must. Taking profits tests your ability to resist greed—there is no currency that will rise or fall forever; knowing when to take profits is the way to go. Don't dwell on the 'profits you could have made'; remember, money in the crypto world is never-ending, but the money in your account can run out. Cutting losses means letting go of sunk costs in a timely manner; don't always fantasize that 'the market will reverse in the next second.' Cutting off a limb to survive is painful but can preserve your capital.
2. Don't trade frequently ⚠️
Frequent trading is a big taboo in the crypto world; don't always think about trying to profit from both sides. It's already good to steadily capture one side. Plus, the fees for high leverage are not low; opening a position might cost you 1-2 points, and if you can't secure a profit, it's equivalent to giving away fees, which is not worth it.
3. Learn to stay out of the market 🛑
When you don't understand the market, never blindly open a position. Some people feel uncomfortable about 'missing out,' but compared to 'losing money,' missing out is nothing at all! Opening a position when the direction is unclear is no different from opening a blind box. Trading relies on a probability advantage; no one can accurately predict rises and falls. If you don’t understand, it’s better to observe than to lose.
4. Progress gradually 📈
Don’t think you can get rich overnight; the crypto world is not a shortcut to wealth. For example, using 100 as capital with 10x leverage means your position is 1000. A 1-point rise earns you 10, a 2-point rise earns you 20, which is enough for a breakfast. Opening three to four positions a day and maintaining a 60%-70% win rate is actually more stable than working, and taking it slow is more sustainable.
5. Never go all-in 🚫
Absolutely do not go all-in! Even if the market aligns with your expectations, a sudden piece of news can cause a sharp downturn; if you haven't set a stop-loss, you could lose everything in an instant. The crypto world is full of opportunities; there will be markets for the next 10-20 years. Operate with light positions and prioritize stability to avoid being misled by current fluctuations.
6. Know to integrate action with knowledge 💪
This is the hardest part; even experienced traders may not be able to do it completely. Human weaknesses are hard to overcome, but to stand in the crypto world, you must have a mindset that far exceeds others: the courage to take risks, the decisiveness to cut losses, and the determination to survive. Otherwise, you will never become part of the top 1%.