From 2000U to 55000U, doubling in the cryptocurrency world relies on these two words: Rhythm
There are always people asking, “Why can't I make money even when I correctly predict the market?” The issue is not the market, but the chaotic trading rhythm — being fully invested can lead to liquidation, hesitating to enter can result in missed opportunities, and an unstable mindset makes it hard to succeed. My journey from 2000U to 55000U relied on a sense of 'rhythm'.
Layered positions: 30% capital to test the waters
In each trade, only a maximum of 30% of capital is used. If it goes wrong, I can withstand it; if it goes right, I have the capacity to increase my position. For instance, during Bitcoin's recent fluctuations, I initially entered with 30% of my capital, and once the trend became clear, I added to my position, controlling risk while seizing opportunities.
Set stop losses far: Jump out of market fluctuations
Most people are washed out by fluctuations because their stop losses are set too close. I set stop losses based on daily chart structures to avoid short-term volatility interference. For example, when Ethereum is rising on the daily chart but has significant short-term fluctuations, a distant stop loss can protect profitable positions.
Rolling positions: Reinvest profits
Instead of relying on a single bet, I roll over profits. For instance, during Litecoin's upward trend, after making initial profits, I use those profits to increase my position during pullbacks, allowing my profits to grow with the market.
The cryptocurrency world is not a casino; turning around relies on strategy. In the current market, some people are tripling their investments within a week by following the rhythm during fluctuations. If you manage your positions, stop losses, and rolling positions well, you also have a chance.
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