My first bucket of gold in the cryptocurrency market: from 42 million to financial freedom A post-90s girl, graduated from university in 2012, entered the cryptocurrency market in 2016, now owns two houses, two cars, and spends 100,000 monthly without pressure, with assets mainly on exchanges.
1. Staying up late is normal For cryptocurrency traders, staying up late is commonplace. Long-term monitoring of the market and analyzing news can be exhausting, making many traders appear ten years older than their actual age. Fortunately, I still pay attention to my appearance, after all, 'we rely on our looks to eat', haha.
2. The anxiety behind the ease Many people think that cryptocurrency traders live a glamorous life, but in reality, our lives are more about monotonous monitoring and reflection. Even when going out, we cannot fully relax because too many people trust us; each trust is a pressure. This pressure drives us to continuously improve but also prevents us from truly stopping.
Contract trading is primarily short-term, so one must keep an eye on the market at all times to find suitable opportunities. At the same time, one must respond to various questions, as the differences in entry points often determine success or failure. My trading principles.
1. Say goodbye to feeling-based trading, respect market sentiment.
2. Strictly set stop-loss levels, stop-loss levels should be based on the market and personal risk tolerance.
3. Stick to the original view, if wrong, pay the price.
4. Trading is not about who earns more, but about who goes further The truth of cryptocurrency contract investment: the balance of risk and opportunity There is a saying in the cryptocurrency world: 'Success is due to contracts, failure is also due to contracts!' Contract trading is filled with tremendous risks and offers the greatest opportunities. How to survive and achieve wealth appreciation in such a market is a skill every trader must master.
Suggestion One: Low position and low leverage operation The primary principle of contract trading is 'survive'. Low position and low leverage operation can reduce the risk of liquidation and ensure fund safety. Especially for beginners, accounts below 10,000 USDT should be cautious.
Suggestion Two: Reduce trading frequency Frequent trading is a fatal flaw for many investors. Reducing trading frequency to no more than twice a day allows you more time to analyze the market, improve success rates, and reduce emotional interference.
Suggestion Three: Avoid passionate and emotional trading Passionate and emotional trading are the two main sources of failure. No matter how the market fluctuates, stay calm, clarify the trading logic and goals to avoid liquidation.
Suggestion Four: Small coins carry great risks, not recommended Small coins are highly volatile, and the risks are substantial.
Even if ten trades are correct, one mistake can wipe out all gains. Steady operation is far more important than blindly chasing highs and cutting losses. How to find a foothold in the contract market.
1. Low position and low leverage operation, keep funds safe
2. Reduce trading frequency, avoid emotional trading.
3. Control emotions, face market fluctuations rationally
4. Avoid small coins, operate steadily Short-term trading mantra
• Focus on the trend after the market consolidation: Often new highs after high-level consolidation, new lows after low-level consolidation, wait for a clear direction before operating.
• Do not trade during sideways movement: When the market is unclear, wait patiently.
• Operate based on K-line patterns: Buy on bearish candles, sell on bullish candles.
• Pay attention to the rhythm of declines and rebounds: rebounds are slow when declines slow down, rebounds are stronger after accelerated declines. Summary: Trading in the cryptocurrency market is a protracted battle against human nature. Only by staying calm can one find a balance between risk and opportunity and achieve wealth appreciation. If you think this article is good, please share it with your friends.
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