Playing in the crypto world, but with only 500 yuan in principal, what should I do?
#Blockchain First, think of a way to raise the principal to around 730 yuan, which is equivalent to 100 USDT. This is called starting with the 100 USDT warrior. #BTC With 100 USDT, the first step is to seize the opportunity, use half, which is 50 USDT, as margin to open a 100x leverage position to buy 0.20 ETH.
If the market goes against you by 20 points, then you will be liquidated, so you must at least double your investment before taking action. If you do get liquidated, there will be another chance. If not liquidated, wait for a rise of more than 50 points before selling.
This way, the principal can grow to 200 USDT. Then use 100 USDT as margin to do it again, and it can grow to 400 USDT. Next, use 200 USDT as margin to do it again, and it can grow to 800 USDT. If you get three consecutive operations right, you can reach 800 USDT.
Once you hit 800 USDT, start to split the positions, playing slowly with 100 USDT each time. This way, even if you make a few mistakes, it’s okay; don’t rush. In a month, you can basically reach 200 USDT.
After a month, split into 10 positions, each with 200 USDT. If you play like this for a month, the principal can grow to 10,000-20,000 USDT. Once the principal exceeds 10,000 USDT, split into 20 positions, each with 50 USDT. Before the principal reaches 10,000 USDT, open positions carefully and use a isolated margin mode. Once the principal exceeds 10,000 USDT, you can operate with the full position, but make sure to manage your positions well. It only takes 2-3 months to go from 100 USDT to 10,000 USDT.
Once the principal exceeds 1,000 USDT, it depends on your position management ability, whether you can resist the temptation and not blindly operate with full positions; otherwise, you will be liquidated instantly, and there won’t be any chance to recover afterwards. #ETH
You cannot rush trading; if you rush, something will definitely go wrong. If the direction is wrong, acknowledge it, don’t hold on stubbornly. If you are wrong, admit it, take the hit firmly, befriend time, and take it slow!
The trend is in front, and the layout is behind!!