Brothers! I'm not here to show off profits, but to tell you: when playing contracts, if you want to take the money away, the life-saving rules must be ingrained in your mind!
Money in the crypto circle comes quickly and disappears even faster. Three months ago, I entered with 2000U, unable to distinguish between perpetual and futures contracts; now my account has a steady 220,000 U. It's not about luck, but about adhering to one principle - first ensure safety, then talk about making money.
My approach is very simple: at the beginning, I only used 1000U to test the waters, using 200U each time with 50x leverage. If the direction is right, a 2% increase can double the amount; if the direction is wrong, the loss is manageable. Following five iron rules, I expanded my funds:
1️⃣ Stop loss quickly, do not bet on rebounds
When I first started, I blew my account twice, both times because I mistakenly thought "it will come back immediately." I later understood that once the stop loss level is reached, close the position immediately; as long as you have the green mountains, you don't need to fight the market head-on.
2️⃣ Stop trading after three consecutive wrong orders
When the market is chaotic, random operations will only lead to increasing losses. After three consecutive wrong orders, I simply shut down my computer and waited for the trend to clarify the next day.
3️⃣ Withdraw profits immediately, secure the gains
No matter how large the account number, it can evaporate instantly. My rule is: for every 2000U earned, withdraw 1000U to a cold wallet, and continue to roll the remaining amount.
4️⃣ Only follow trends, avoid fluctuations
Trend markets combined with leverage can double profits; sideways fluctuations will only lead to being harvested. When there is no direction, I would rather watch the market in a daze than make random orders.
5️⃣ Position size must not exceed 8% of the principal
A light position can withstand small fluctuations and can also stop losses in time. A full position is like running with explosives, and it can explode at any time.
Don't regret it only after blowing up your account! Follow me, and I will guide you to steadily build your funds with a small amount of capital, step by step. Only by moving steadily can you laugh last.
