I know an old senior who entered the market with 100,000 yuan, and now has a market value of 10 million. He once told me something that stuck with me. He said, 'The crypto market is full of a disorganized crowd; all you need to do is control your emotions, and this market will be a cash machine!'
I have been in the crypto space for ten years, witnessing three bull markets starting from a principal of 6000. I've stumbled along the way, and now I finally have some small achievements. To be honest, I've fallen into many traps, especially with hundredfold contracts and such high-risk plays. At first, I thought this was a 'death sentence', but later I found out that it was actually where I made the most money and had the highest win rate. Why? Because I inadvertently figured out my own way of playing.
1. Fixed principal: The money I use for contracts never changes, for instance, one account has 300U. I can lose a maximum of 300U, but when the market is good, I can make tens of thousands of U. The risk is manageable, and the profit potential is substantial.
2. Small investments to test the waters: My first trade was very light, just a few dollars or ten. Just like stock trading master Livermore said, you need to make money at the start to stabilize your mindset.
3. Add more only after making a profit: Only when I have made money and see the trend clearly do I add to my position with profits. If I don't make money, I don’t add; if I lose, I don’t act recklessly, and I protect my principal.
4. Flexible stop-loss: Adjust the stop-loss line according to the market at any time, and never let your principal get hurt. This keeps my mindset stable and prevents me from being scared off by the market.
These few points sound simple, but they have saved me many times. In fact, even without engaging in contracts, just trading low-multiplication coins can also use this logic.
There is one more thing to be sensitive to trends. What really got me started was the inscriptions; I got involved early with friends and gained a lot. Later, when you all got involved during FOMO, we had already quietly exited.
Beginners should not rush; investment carries risks.
Contracts are not a joke; don’t believe that any 'master' can make you rich overnight. I don't have any secrets that will make you wealthy just by listening; if I had that ability, I would have retired long ago. Still, the same saying: investment carries risks; be cautious when entering the market.
The last three suggestions for you who are feeling lost.
1. Distinguish how to use money: If you have time and energy, you can divide your money into three parts -- 50% for long-term investment, 30% for short-term trading on platforms, and 20% for speculative ventures; if you lose, consider it tuition.
2. Don't always focus on coins: If you have coins, you need to know your situation; if you don't have coins, don't dwell on it all day. The highest realm is to jump out of this circle and not be bound by it.
3. Learn to wait: Waiting is not wasting time; it’s about figuring out who you are and what you want to do. Opportunities will always come; don’t rush blindly.
Summary: Learn more and watch more; mindset is key.