Four Core Tips from Experienced Players to Newbies: First, Stay Alive, Then Make Money
In recent years, I've seen too many people come in, just to go through a flurry of intense operations, only to blow up their accounts and exit without even understanding what the crypto world is about.
Don't fantasize about getting rich overnight; first, learn how to survive.
First, you must understand the basics:
If you don’t even understand the difference between perpetual contracts and futures contracts, how can you dare to use high leverage?
I've seen too many people think that "10x leverage = 10 times the profit," only to have the market turn against them by 5%, and their principal gets halved.
I’ll say it once: Newbies, use at most 5x leverage, and always set a stop-loss!
Second, don’t choose platforms randomly:
What “emerging exchanges” and “bonus benefits,” small platforms can run away as fast as they can cut leeks!
Only use top-tier platforms: low fees, stable depth, and secure funds. If your capital is less than 100,000 USDT, these are enough.
Third, don’t rely on feelings for trading strategies:
If you don’t understand the trend and your moving averages are all over the place but still dare to place orders, that’s like pulling a slot machine in a casino.
How do large funds operate? They only do certain money-making trades.
Wait for clear moving average arrangements before entering.
Enter when MACD shows a golden cross and RSI is above 50.
Don’t blindly catch the bottom during a downturn; wait for three bullish candles to stabilize before making a move.
If the price is rising too fast, don’t chase it; straying too far from the moving average indicates a bubble.
Fourth, don’t use your entire account, don’t hold losing positions, and learn to diversify:
Taking 8000 yuan as an example:
First, try a position of 3200 yuan to see if the direction is correct.
Add 2400 yuan upon a breakout.
Keep the remaining 2400 yuan; it’s not for you to ALL IN, it’s for survival!
How to do it specifically? Here’s a process:
For example, if BTC stands above the moving average and the trend is clear,
I’d use 3200 yuan to open a position with 5x leverage, creating a position of 26,000 dollars.
Set a stop-loss at 25,700, risking a maximum loss of 300 yuan.
Set a take profit target at 28,000, potentially making 400 yuan.
Every day before the market closes, check if the position exceeds ten times the principal, and then follow up with the stop-loss to protect profits.
There are many opportunities in the crypto world, but only those who survive deserve to seize the opportunities.
I’m not bragging, nor do I talk about mystical concepts; I always stand in front with a light. If you are willing to stay steady and follow, there will always be light ahead!
