Three years ago, I went all in three times, losing 50,000 USDT down to only 2800 USDT, even rent became a problem. Later, I realized that consistent profit relies not on luck, but on discipline.
Small incremental rolling, the core is 'first not to lose, then to earn more'. Before opening a position, I must do three things:
First, set the stop-loss line based on volatility, and set it up in advance. For example, if ETH fluctuates by 4%, with the current price at 3000 USD, set the stop-loss at 2916 USD, and never hold the position.
In November last year, when ETH plummeted, I avoided three liquidations by relying on this.
Second, the initial position should be small to survive longer. When starting with 3000 USDT, I only put 450 USDT per trade, even if the market is certain, I do not break the rules.
Once BTC broke through 40,000 USD, I only added 300 USDT in profit, and that night it retraced 8%, and my full position exploded, but I still made 500 USDT.
Third, profit first withdraw the principal, use the market's money to play. Withdraw the principal part every time you earn 5%, after half a year the principal has already withdrawn 30,000 USDT, and the rest is all profit speculation, with a mindset as steady as Mount Tai.
Let me talk about that wave of L2 market; I netted a profit of 29% by 'hedging and rolling'.
The operation is divided into three steps: first, lay a position; open a long while hedging; when the market starts, lock in profits, close half of the long positions, withdraw the principal and the short positions;
Buy on dips, sell on rises, rolled back and forth six times.
From 3000 USDT to 600,000 USDT, I divided it into three stages, there were no magical trades, all were small steps accumulated.
The key points are three: set the stop-loss in advance, control the initial position within 15%, and withdraw the principal first when profitable. Achieving these three points, turning 3000 USDT into profit is just a matter of time.
I have used 80% of the methods and techniques in the market. If you want to treat trading cryptocurrencies as a second profession to support your family, sometimes listening and observing more will reveal things beyond your understanding, which can save you at least five years of detours!
BTH BTC