When you have been in the crypto world for a long time, you will understand:
Making money is actually not difficult; the hardest part is - not losing your principal!
I have seen too many people like this:
If you put all your money on the line today, your account will be zero tomorrow;
While shouting about wanting to double and make big money, they don’t even know how much they should have run away after losing!
Seeing the market suddenly plummet, scared like seeing a ghost.
They spend all day looking for some 'secret technique' or 'sure-win strategy', fantasizing about getting rich in one go, but what happens? They lose more and more painfully, and faster each time.
If you ask me, the truly effective 'trick' is just one - learn to manage your own money well!
I have also learned from my own losses:
The first time I lost everything, I had no idea what 'stop-loss' meant (how much loss should prompt me to run);
After losing everything for the second time, I still thought it was just bad luck;
After losing everything for the third time, I finally understood:
It’s not that there’s a problem with the market; it’s that I haven’t learned how to 'survive'!
Later, I forced myself to set three strict rules:
1. Never use more than 30% of your money at a time: Never bet all your money! Keep some money left to have the chance to make mistakes and recover.
2. Add more only after making money; don’t stubbornly hold on: If the market has made you money, you can consider adding a bit; if the market slaps you in the face, run quickly, don’t fantasize that it will rise back up to rescue you!
3. Run away immediately when you hit your loss limit! Those who don’t set a 'loss limit' will eventually lose everything!
Why do they say this 'trick' is the most effective?
Because out of ten people, nine and a half fail due to not controlling their money!
As long as you control the amount of money you bet each time, no matter how volatile the market is or how suddenly it crashes, you can hold on and won’t be wiped out in one go.
As long as you are still alive and playing in the market, there will always be opportunities to earn back, or even double your money.
This is how I did it:
Starting with $1000, only use 30% of your money to test the waters each time, and once you start making money, gradually increase it; if you earn 30%-40%, take your profits.
While others lose everything time and again, my account slowly grew, eventually tripling.
This is really not some magical technique; it’s just about controlling yourself and following the rules!
The harshest thing about the crypto world is:
The market is always open, but your capital is limited; if you lose it all, it’s really gone!
Do you want to make a lot of money? First, make sure you don’t lose your capital!
Do you want to survive in this circle for a long time? First, learn to respect the market and manage every penny of your own!
Daily focus: BIO API3 EPIC MAGIC SKL TST MDT
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