What does it mean to get rich? It is relative.

Turning 100,000 into 1,000,000, some may feel they have struck it rich, while people in Shanghai scoff, as 1,000,000 can only buy a decent bathroom in Shanghai.

Turning 1,000,000 into 10,000,000 can buy three bedrooms and two living rooms in Shanghai, which counts as a 'normal citizen.'

So, getting rich is relative; it relates to your capital. Small capital means that no matter how large the profit, the absolute value is still insufficient. Only scale can generate benefits.

To survive long-term in trading, consider investment risks and any potential occurrences. The core of leveraged trading is to gradually increase positions when in profit and gradually reduce positions when in loss to minimize losses; this is the essence of trading!

One, the core of trading.

Core One: The truth of trading is not about getting rich overnight, but about long-term profits and longevity.

Core Two: A common mistake investors make is frequent trading, never looking for good trading opportunities, entering the market whenever there is volatility, which is undoubtedly wrong and will only lead to missing good positions and frequent losses.

Core Three: 'There’s a saying, I can pull you back from the cliff, but I can’t stop you from jumping each time.' Impulsiveness is a terrible source of problems; you must follow trading signals. Not being impulsive is the first element of risk control. Learn to manage your risks.

Core Four: Do not be blinded by profits; maintaining profitability is key. Human desire is to want more, which leads to forgetting risks, causing self-destruction. Therefore, always keep a clear mind; be cautious with losses and even more cautious with profits.

Core Five: Everyone has a gambling mentality, and likes to make large trades based on their own indifferent judgments. To this day, there is not a single person who has succeeded with heavy positions, so limit each loss to within 2% of your capital, and always set profit and stop-loss orders.

Core Six: When experiencing significant setbacks and losses, there is always the hope to immediately recover, leading to larger and larger positions to try to turn the situation around. Once you do this, it equals failure. After a setback, you should immediately reduce your trading volume or stop trading. It's not about how much you can earn back, but about regaining your confidence.

Core Seven: It’s fine to make mistakes, but the key is to quickly extricate yourself. 'As long as the green mountains remain, you need not worry about firewood.' Preserve your strength, identify the cause, and come back strong!

Core Eight: Both beginners and experienced traders know the principles of trading, while top experts execute principles firmly even in extreme trends. Why do most traders keep losing money? The main reason lies in insufficient patience, neglecting trading principles, and rushing to enter when the trend is unclear and out of their control.

Core Nine: Trading should be diversified to respond to market changes. Mistakes happen when there are no strategies in trading. When wrong, don’t complain about the difficulty or the platform. Always ask why? Isn’t life filled with uncertainties? Never let a lack of strategy lead you to losses.

Core Ten: Learn self-discipline and capital management before trading. If positions are unfavorable, exit immediately; if favorable, hold on. When market trends are poor, reduce your trading volume or stop trading. It's not about how much to earn but how to avoid further losses. Never enter trades recklessly when you cannot control the situation.

Two, trading plan.

I will present a feasible plan. If you can execute it, making 1,000,000 is achievable.

One, work hard for two months to increase your capital to around 10,000.

Two, buy coins when Bitcoin's weekly price is above MA20. Buy two to three coins, ensuring they are new coins, and focus on trending coins in the bear market, like apt before it rose. As long as Bitcoin rises a bit, it's time to take off, for example, op. Just remember to have heat and a story to tell.

Three, if Bitcoin falls below MA20, cut losses. Continue making money during buy or wait periods; give yourself two to three chances to fail. If you have a deposit of 20,000, invest 10,000, and you can afford to fail three times.

Four, if you buy this kind of coin like apt, aim to take out about 4-5 times profit. Continuously execute the strategy, remember you are dealing with small funds, you must buy new coins, do not invest in ETH or BTC. Their price increases cannot support your dreams.

Five, if a bear market begins to shift to a bull market, aiming for three 5x gains, that’s about 125 times. This time frame can be as short as one year or as long as three years. You have three chances to fail; if you fail all three, it means you lack the ability, stay away from this circle, avoid investments, and especially do not get trapped in contracts.

In short, remember to enter when it's time, and to cut losses when needed. Have patience.

I believe many crypto friends have experienced the frustration of going all in only to be stuck, feeling that the market is booming but it has nothing to do with them, and not being able to cut losses. These can be avoided through proper position management.

Three, position management:

Without further ado, let's get straight to the valuable content:

Position management gives current advice:

For example, if you take out 30,000U to trade contracts.

My suggestion is to divide it into three parts, each part being 10,000U.

Each time you open a position, use one part of your fixed 10,000U.

Large coins should not exceed 10x leverage, altcoins should not exceed 5x.

If you are losing money.

For example, if you lose 1,000U, you should supplement that with 1,000U from outside.

If you earned 1000U, you should withdraw 1000U.

Ensure to say that in recent times.

Every time you open a position, ensure it is at a fixed position of 10,000U.

Until you earn 60,000U from 30,000U through this method.

Increase each of your positions to 20,000U.

Doing it this way has the benefit:

The first point is to use position diversification and low leverage to avoid being wiped out by exchange spikes.

The second point is to avoid such issues that lead to emotional trading. If you lose everything one day, the maximum loss should be 1/3; the remaining can still give you some buffer.

The third point is to maintain a fixed position so that whether in loss or profit, you can keep a relatively calm mindset, helping to stabilize your mentality.

My habit when opening positions is to go in full.

For example, one position of 10,000U, during one market movement for one coin, is a full position opened.

Going all in means using 1/3 of your funds, with altcoins at 5x and large coins at 10x, this is how you fully engage.

This way, my overall grasp of the entry points is more precise.

If you have stop losses in place, and use low leverage, it is impossible to get liquidated.

My logic is to not look at any indicators, only focus on position profits and losses.

For example, if my total scale has gained X%, and I increase one position, if my total scale has lost Y%, I will stop loss or exit completely.

All operations are only related to my position's profits and losses; the candlestick chart only serves as the initial direction for opening positions.

As for those indicators, their original purpose is to reflect the profit and loss status of the positions that generated these indicators.

In fact, my method is essentially an abstract indicator, used specifically by the master Li Bo Moore, which I generally do not disclose to others.

Playing in the crypto space is essentially a contest between retail investors and whales. If you lack insider information and first-hand data, you can only be exploited! For those who want to strategize together and harvest together from the whales, welcome like-minded crypto enthusiasts to discuss!