I am a 90s kid, graduated from university in 2012, and entered the crypto world in 2016. I once mined my 'first bucket of gold' in the crypto world, with assets growing from the initial investment to 42 million, achieving so-called financial freedom. Now, I own two houses, two cars, and spend 100,000 monthly without pressure, with most assets stored in exchanges.
The real daily life of crypto trading
1. Staying up late becomes the norm: In the crypto world, staying up late is a daily routine for traders. Long hours of watching the markets and analyzing various news can be exhausting, and many traders appear ten years older than they actually are. Fortunately, I have always paid attention to self-care, as appearance is quite important to me; jokingly, I say I 'make a living off my looks.'
2. Anxiety hidden behind nonchalance: Many people mistakenly believe that crypto traders live a life of luxury, but that is not true. Our daily routine is more about monotonously watching the market and continuously reflecting on trading strategies. Even when going out to play, it is hard to truly relax because so many people trust us, and each trust is heavy, turning into invisible pressure. This pressure drives us to constantly improve, but it also prevents us from stopping to rest.
3. Pressure fosters growth: From initially being overwhelmed by pressure to now being able to calmly bear greater stress, trading in the crypto world has witnessed my growth. Contract trading primarily focuses on short-term trades, which requires constant monitoring of the market to capture suitable trading opportunities. At the same time, one must deal with various problems thrown at them, as slight differences in points often determine the success or failure of trades.
My trading principles
1. Say goodbye to subjective assumptions and follow market sentiment: No longer trade based solely on feelings, learn to respect market sentiment and make trading decisions based on objective analysis.
2. Set reasonable stop-loss levels: Strictly set stop-loss levels based on market conditions and personal risk tolerance to control risks.
3. Stick to your viewpoint and acknowledge mistakes: Once you have established a viewpoint, execute it firmly, but if your judgment is wrong, do not shirk responsibility and decisively pay for your mistakes.
4. Trading is about persistence: Trading is not merely a competition of who makes more money, but about who can sustain themselves in the market for a long time. The truth about cryptocurrency contract investment: Balancing risk and opportunity. The crypto community says: 'Success comes from contracts, failure also comes from contracts!' Contract trading carries enormous risks, but it is also accompanied by infinite possibilities.
How to survive and achieve wealth growth in this complex market is a compulsory lesson for every trader.
1. Low position and low leverage operation: In contract trading, 'survival' is the primary principle. Using low position and low leverage can effectively reduce the risk of liquidation and ensure capital safety. Especially for beginners, when the account balance is below 10,000 USDT, it is crucial to act cautiously.
2. Reduce trading frequency: Frequent trading is a 'fatal flaw' for many investors. Reducing trading frequency to no more than twice a day allows for more time to analyze the market deeply, improving trading success rates and reducing emotional interference.
3. Eliminate passionate and emotional trading: Passion and emotional trading are two major sources of failure. Regardless of how the market fluctuates, one must remain calm, clarify operational logic and objectives, only then can one avoid liquidation crises.
4. Stay away from small coins: Small coins have extreme volatility and high risks. Even if nine out of ten trades are correct, just one mistake can wipe out all previous gains. Steady operations are much more important than blindly chasing price increases or decreases.
How to establish a foothold in the contract market
1. Low position and low leverage to ensure capital safety: Adhere to low position and low leverage operations to keep capital safe.
2. Reduce trading frequency to avoid emotional decisions: Decrease trading frequency, analyze the market calmly, and avoid emotional trading.
3. Control emotions and respond rationally to fluctuations: Always maintain rationality and not let market fluctuations affect your emotions.
4. Avoid small coins and move forward steadily: Stay away from high-risk small coins and choose stable trading strategies.
Short-term trading tips
1. Pay attention to the market direction after consolidation: After high-level consolidation, new highs are often reached; after low-level consolidation, new lows are often established. Wait until the direction of change is clear before taking action.
2. Do not trade during sideways markets: When the market is unclear, patiently wait and do not enter blindly.
3. Make decisions based on K-line movements: Consider buying when a bearish candle closes and selling when a bullish candle closes.
4. Pay attention to the rhythm of declines and rebounds: When declines slow, rebounds are often weak; when declines accelerate, rebounds tend to be stronger. Trading in the crypto world is like a long-term battle against human nature.
Only by maintaining calm at all times can one find balance in a market where risks and opportunities coexist and achieve steady wealth growth.
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This article is for reference only and does not constitute investment advice.