💥First get your "driver's license" before hitting the road
Don't think you can become a trading master just by reading a couple of guides; spend three months mastering candlestick patterns, leverage principles, and funding rates. If you haven't passed the "theory exam", don't touch the real market. Remember: knowledge is the only weapon against the manipulators.
🚨Set your red lines before driving
Set a "stop-loss price" for each trade in advance (for example, stop loss immediately if it drops 5%), and once set, take your hands off the mouse. I've seen too many people change their stop-losses last minute, ending up on the rooftop queue.
⚠️Don't exceed 3x leverage
Beginners think that opening 100x leverage can make them rich, but experienced traders know: a 3x leverage will only liquidate after a 33% drop, so keep enough ammo for averaging down. Remember: being alive gives you a chance to turn things around.
🛑Don't be a gambler
Don't get too excited and go All in when prices rise, and don't panic and sell at a loss when prices fall. Set an alarm to force yourself to step away from the market for 1 hour; decisions made when clear-headed are 10 times more reliable than those made while watching the market.
📝Post your battle plan on the wall
Before entering the market, write clearly in black and white: "Under what circumstances will you add to your position? What signals will you retreat? How much profit will you take?" If you violate the plan, transfer 1000 to your wife as a fine.
🎯Put eggs in three baskets
Split your capital into three parts: 50% in mainstream coins, 30% in altcoins, and 20% for averaging down. Don't stake your entire fortune on a single "get-rich-quick coin"; the scenario of exchanges running away happens every year.
🌙Shut down at 3 AM
Have you seen the market at 4 AM? That's not glory; it's a liquidation warning. Trading continuously for over 2 hours will lower your intelligence; checking your account after waking up might bring more surprises.
📈Write a mistake book every week
Record every failed operation: Why did you lose? Was it out of emotional control or technical misjudgment? After gathering 10 error cases, you'll find that the money lost was just tuition.
