浪人说币
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Recently, many new friends have asked me how to operate when starting to trade digital currencies with just a few thousand dollars (U currency). Today, I will share a few tips based on my own experience.
If you have 1000U, don’t throw it all in at once. Divide it into 10 parts, and each time just use 100U to trade. As for leverage, 20 times is about right; new traders can easily lose their mindset if they use too high leverage. The remaining 900U should be placed in a wealth management account as your "emergency fund".
If you lose the 100U, don’t think about averaging down; a loss is a loss. First, stop to reflect, then give yourself a little break for a day or two to adjust. The Bitcoin market fluctuates every day, and there are plenty of opportunities, so don’t be afraid of missing out. Once your mindset is adjusted, divide the remaining 900U into 10 parts, each part being 90U, and start again. This time, be careful and try to recover the lost money. If you make 300U, keep 100U in the account and withdraw the remaining 200U quickly. This way, you will feel more secure, and your mindset will be much better.
In trading, position management is crucial. Even if you have a 90% win rate, one mistake can wipe it all out. You must learn some trading knowledge and operate with light positions to minimize losses. Many people lose money because they do not understand the market and cannot manage their positions. If something feels off, you should reduce or close your positions; don’t just hold on stubbornly.
If you lose more than 2% of your total funds in a day, be cautious; if you lose 6%, quickly close the losing contracts, set a break-even stop-loss for the profitable contracts, and then rest for two or three days. Don’t rush back in. Chasing after rising prices is very dangerous; unless the market trend is very clear, don’t try it easily. Be careful when adding positions after making profits, especially after making a lot; new positions can easily go wrong. If you need to add a position, either act quickly or wait until the market correction is over. Remember to use the pyramid method for adding positions, this way the risk is manageable.
#参与投票-PI该上线币安吗？ #CardanoETF讨论
For useful information in the crypto sphere, follow me to learn more. Bull market with potential hundredfold coins and daily spot strategies await!
If you have 1000U, don’t throw it all in at once. Divide it into 10 parts, and each time just use 100U to trade. As for leverage, 20 times is about right; new traders can easily lose their mindset if they use too high leverage. The remaining 900U should be placed in a wealth management account as your "emergency fund".
If you lose the 100U, don’t think about averaging down; a loss is a loss. First, stop to reflect, then give yourself a little break for a day or two to adjust. The Bitcoin market fluctuates every day, and there are plenty of opportunities, so don’t be afraid of missing out. Once your mindset is adjusted, divide the remaining 900U into 10 parts, each part being 90U, and start again. This time, be careful and try to recover the lost money. If you make 300U, keep 100U in the account and withdraw the remaining 200U quickly. This way, you will feel more secure, and your mindset will be much better.
In trading, position management is crucial. Even if you have a 90% win rate, one mistake can wipe it all out. You must learn some trading knowledge and operate with light positions to minimize losses. Many people lose money because they do not understand the market and cannot manage their positions. If something feels off, you should reduce or close your positions; don’t just hold on stubbornly.
If you lose more than 2% of your total funds in a day, be cautious; if you lose 6%, quickly close the losing contracts, set a break-even stop-loss for the profitable contracts, and then rest for two or three days. Don’t rush back in. Chasing after rising prices is very dangerous; unless the market trend is very clear, don’t try it easily. Be careful when adding positions after making profits, especially after making a lot; new positions can easily go wrong. If you need to add a position, either act quickly or wait until the market correction is over. Remember to use the pyramid method for adding positions, this way the risk is manageable.
#参与投票-PI该上线币安吗？ #CardanoETF讨论
For useful information in the crypto sphere, follow me to learn more. Bull market with potential hundredfold coins and daily spot strategies await!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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