I started my journey in the crypto market in December 2017, which is also when I opened a Binance account. For over 7 years, I have only been loyal to Spot — buying and holding, watching the market rise and fall like rolling waves, with FOMO and FUD waves following one after another.
I have experienced high moments: when the market booms, assets skyrocket, and I — a small retail investor — once became a 'temporary billionaire' in an instant. But because I didn't take profits at the right time, everything slipped away like a dream. The deep drops made me realize that this market is not for the hasty.
I only stepped into Futures 3 months ago, but with a very different mindset: no longer chasing quick profits, no longer FOMOing. I place trades slowly, always set stop losses, and only expect moderate profits. My cumulative PNL over 3 months has reached over +311% — not thanks to 'luck', but as a result of discipline, learning, and risk management.
Crypto is a long journey, not a short sprint. For me now, preserving capital is already a success; earning more is a bonus.
Advice for new investors:
Don't rush: Take your time to understand thoroughly before investing; don’t be swayed by rumors.
Always prepare your mindset: Volatility is the nature of this market. Accept small losses to preserve capital for long-term battles.
Risk management: Futures are attractive but also dangerous. Always have a stop-loss plan; don’t let your account burn just because of a sudden drop.
Patience and discipline: These are the two vital factors that help you survive in this fiercely competitive market.
I wish newcomers to this market enough courage, enough knowledge, and enough calmness to not only survive — but also thrive.