As a veteran who has been navigating the cryptocurrency space for many years, I have seen too many newcomers blindly enter and hurriedly exit. Today, I want to offer some sincere advice to friends who are new to the scene, especially those with funds under 1000 USDT.
First, don’t think about getting rich overnight. With 1000 USDT, the safest approach is to divide it into 10 parts, investing only 100 USDT each time, and it is recommended to keep leverage within 20 times. While high leverage may seem tempting, it can easily cause a mental breakdown for newcomers. Keep the remaining 900 USDT in a financial account, and don't think about averaging down. If you lose one part, stop to reflect and summarize, take a break for a day or two. The market is always there; missing out is not scary, what’s scary is losing everything with no chance to play again.
Position management is key to survival. Even if your success rate is high, one mistake with a full position can lead to zero. For example, with 10 times leverage, a 10% wrong direction can lead to liquidation, while Bitcoin's annual volatility is normally around 20%. Therefore, you must operate with light positions and set stop losses. It is advised to control the stop loss for each trade to 20-30 USDT and decisively take profits when there is a 30% retracement.
Don’t forget to withdraw profits after earning. If you make money, first withdraw your principal, then roll over the profits. For example, if you earn 300 USDT, withdraw 200 USDT and leave 100 USDT to continue trading. This stabilizes your mindset and prevents you from starting over due to a black swan event.
Finally, I want to remind everyone: contracts can be a tool for exploitation, so avoid them if possible. If you must try, start with a small amount, beginning with 30-50 USDT, strictly setting stop losses, and withdrawing profits. Remember, trading is not about luck; it’s about discipline and mindset. If you’re feeling bad or experiencing consecutive losses, make sure to take a break and avoid counter-trend trading.
There are many opportunities in the cryptocurrency space, but only those who survive can seize them. I hope every newcomer can build a solid foundation and grow steadily.
