A Part-Time Delivery Worker’s Financial Experience: Small Capital, Big Wisdom, Avoiding Detours
As a part-time delivery worker, I spend 2-3 hours surfing the internet to earn some pocket money in my busy schedule. Although the capital is small, I can still have fun, and I can afford occasional minor mistakes. For those who are new to this 'game', I have some advice: If you are a beginner, it's best to play spot trading; futures (FU) are not a place for 'barbecuing', one careless move can lead to self-'burning'! Of course, if you enjoy excitement, trying it occasionally is fine, but remember to keep your investments small, $3 per trade is sufficient, don’t go big unless you want to quickly become... 'the proletariat'!
My trading style is learned from painful lessons:
Patiently Waiting for Price Fluctuations
When entering a trade, do not rush to place your bet. Be patient and wait for the price to reach the top or bottom before taking action. Don't be deceived by candlesticks, don’t be greedy, and avoid entering trades casually. The consequence of betting carelessly is that your account balance burns away like 'cigarettes'.
Use Leverage Wisely
Set a maximum leverage of 15 times, remember: the higher the leverage, the greater the risk. Excessive leverage is not a shortcut to wealth, but a path to bankruptcy.
Stop-Loss is a Necessary Lifebuoy
Do not be overly confident when trading; setting a stop-loss (SL) is an important way to protect your account. Without a stop-loss, it’s like swimming without a lifebuoy, sooner or later you will risk falling into the 'sea'.
Stay Away from Highly Volatile Coins
If you see certain coins fluctuating excessively, it’s best to keep your distance. At this point, you are not trading but testing your luck, which is extremely risky.
Don’t be discouraged by losses; step away from the computer at the right time, breathe some fresh air, and do something to calm yourself down. Don’t try to 'fix' your losses, as this will only lead you from minor losses to complete collapse.
If you want to learn more about cryptocurrency knowledge and cutting-edge information, click on my avatar to follow me, a player who turns 10 times in a month is also welcome to copy trades. Daily market analysis and recommendations for quality potential coins.