I don't know how to operate. The initial capital coming in is just under 1000U. You asked me for good strategies, so today I'll share my suggestions. For example, if you have 1000U, divide it into 10 parts, and invest 100U each time, with a suggested leverage of 20X. Newbies find it hard to control their mindset with too high a multiplier. Keep the remaining 900U in a wealth management account. If you lose 100U, you must not think about averaging down. If you lose everything, the first thing you need to do is reflect and summarize, then take a break for 1-2 days. Don't be afraid of missing out on opportunities; Bitcoin's volatility can happen at any time. There are significant fluctuations every month, and the opportunities depend on your luck. Once you're adjusted, divide the remaining 900U by 10 to get 90U for each part. Invest it again, but be careful this time, and try to earn that money back. Let's say this time you make 300U; you keep 100U and transfer out the remaining 200U. This way, you'll feel more secure, and your mindset will improve significantly. Never invest everything at once; if a black swan event occurs, you'll lose it all in one go. You'll have to start over. Objectively speaking, for contract trading, just use 10X leverage. If you're wrong in your direction and it drops 10%, you'll get liquidated. With Bitcoin, a 20% fluctuation in a year is very normal. If you're fully invested every time, then no matter how much you've earned before, it won't matter; in the end, it all comes down to zero. Walking by the river, no one can guarantee they're right every time. A great trader with a 60% success rate is already impressive. Therefore, position management is very important. Even with a 90% win rate, one wrong bet can lead to irreversible loss.
Learn trading knowledge, implement light position operations, and reduce losses. Most people lose in trading because they don't understand the market well and don't know how to control their positions and manage risks. Therefore, avoid increasing positions when feeling unwell; instead, reduce or liquidate. If you lose more than 2% of your total capital in a day, you should be alert. If losses reach 6%, liquidate all losing contracts and set a breakeven stop profit on profitable contracts, then take a break for at least 2-3 days. Chasing after rises is dangerous; unless market conditions are clear, don't blindly chase. Be cautious when increasing positions after making a profit, especially after significant gains; adding positions often leads to failure. If you want to increase your position, either act immediately or wait until a significant pullback ends, following the pyramid method for increasing positions. When margin profits exceed 200%, set 40% drawdown take profit on half and breakeven take profit on the other half. This is to protect profits and ensure that significant gains do not turn into losses. If you're feeling down, depressed, or troubled in life, never trade. If you've had overall losses in the past 24 hours, take a break for 2-3 days. Never go against the trend, reduce trading frequency, and look for suitable opportunities to enter the market. For correct trades, try to maintain a base position, as correct decisions may continue to yield profits.
Newbie suggestions:
[Great] Small funds, starting from 30-50U.
[Great] High leverage, 20 times leverage.
[Great] Stop loss: Set stop loss when entering the market, stop loss for a loss of 20-30 dollars.
[Great] Take profit: Hedging take profit (30% profit drawdown, take profit strategy).
[Great] Profit withdrawal, deposit starting from 500-1000 USD each time, don't overdo it.
Practice your skills before considering increasing your position.
You just need to catch the rapid rise or fall of markets like People, Yfii, USTC, AR, etc., 50U can turn into 2000-9000U, and 200U can do even more.
If you want to seize this opportunity, learning and applying it on the spot is definitely too late. It's best if someone can guide you to get started quickly.
Keep up the pace!
Daily focus: OM ETH BTC FUN SUI
