Family, who understands! Some time ago, my cousin showed up with his 10,000 yuan internship salary, saying he didn’t want to squeeze into the morning rush hour subway like a 'sardine' anymore and wanted to try his luck in the digital asset market. I almost spit out the coffee I had just drunk when he said that with this principal, he wanted to escape the fate of being a worker? As a result, three months later, this kid had six more zeros in his account balance, came home for the New Year driving a new car, standing taller than me, an analyst for five years!
Don't think this is a fairy tale; I've fallen into more pits than you have eaten salt. I went from making 500,000 in a single day and calling myself the 'Market God of War' to nearly zero in my account within two hours due to regulatory changes; from greedily betting 300,000 on a 'hundredfold myth' altcoin, making 1.8 million but unwilling to leave, ending up with nothing; then due to luck not setting a stop-loss, losing all the money I had saved for a house down payment... These painful lessons are what forged the three iron rules that can save lives and still make a profit today.
First, leverage is a knife, not wings! I used to think the higher the leverage, the more I would earn. I jumped into 20x leverage, and a single market fluctuation made me fall from the clouds into the mud. Now I have locked my leverage at 3x on my trading interface, and the position of any single digital asset will not exceed 5%. Remember, in this market, only those who survive are qualified to wait for opportunities. Don't think you can get rich overnight; be careful not to overextend yourself!
Second, don’t be blinded by the 'hundredfold myth'; mainstream assets are the ballast! I used to think that small coins could make me rich overnight, pouring most of my funds into altcoin projects. The result was either the project team ran away or the coin price dropped so much that I couldn't find the bottom. Now, 85% of my funds are anchored in mainstream digital assets, and only 15% do I dare to use as 'risk capital' to try new coins. Even if the market fluctuates, with mainstream assets as a cushion, I feel secure, just like a ship with ballast can withstand even the strongest storms.
Third, stop-loss is a lifesaver; don’t confront the market head-on! I used to be overly optimistic, thinking that a 15% drop in coin price would definitely rebound, and I kept averaging down. In the end, I lost all my years of savings. Now, I set a hard stop-loss of 8% on every trade. As soon as the line is touched, no matter how reluctant I am, I leave immediately. The market never lacks opportunities, but without capital, even the biggest opportunities have nothing to do with you. Admit your mistakes, stop-loss in time, to preserve your capital; as long as you have the green mountains, you need not worry about firewood.
In fact, this market has no shortage of opportunities to make money; what it lacks are those who can preserve their capital while waiting for opportunities. Ten million accounts are not built on luck; they are earned through strictly adhering to the iron rules. I share market analysis and trading ideas daily on my account. If you also want to avoid investment traps, make steady profits, and escape the plight of being a worker, follow me. I will break down more practical cases in the future, teaching everyone how to stabilize and progress in the market. Once you take this step to follow, you've already won most of the battle!
