In the past eight years in the cryptocurrency world, I have seen the revelry of exchanges at three in the morning, and I have also witnessed more people wailing like ghosts when their accounts were wiped out.
Old Chen entered the market with 300,000 USDT, and soon only had 50,000 left. I divided his remaining funds into 10 parts and strictly implemented a 5% stop loss.
Before long, he focused on a new project, which plummeted 20% at the opening. Because he adhered to the stop loss, he only lost 250 USDT, instead of potentially losing 40,000 like before.
Subsequently, I had him convert all his small altcoins into BTC and ETH, and set two rules:
• If it drops over 5%, make a small additional purchase.
• If it rises over 10%, take a small profit.
Three months later, his account grew from 50,000 to 70,000. A year later, it steadily rolled over to 150,000 USDT.
His biggest transformation was from desperately wanting to recover losses to patiently accumulating capital. This is the key to his survival in the cryptocurrency world.
The cryptocurrency world has never lacked opportunities; what it lacks are those who can restrain themselves.
Do not be greedy, do not be impulsive, do not rely on luck.
This is the most scarce ability in the cryptocurrency world.
In the past, he was stumbling alone in the dark.
Now, the light is in my hands. @星哥狩猎日记
