Words from a seasoned investor in the crypto world after ten years:
Back then, staring at the screen at three in the morning to close positions, the thrill of making 100,000 U in one night, only to lose it all in half a month and end up in the red for two months' salary. Now I understand: this market is specifically designed to deal with all kinds of disbelief; surviving is more important than anything else.
Three life-saving rules:
1️⃣ Only use spare money to play: Don’t gamble your fortune; money that won’t affect your life allows for rational decision-making.
2️⃣ Diversify your investments: Ten baskets for your eggs; don’t blindly believe in the myth of a single "hundred-fold coin."
3️⃣ Use leverage cautiously: Contracts are not off-limits, but you must calculate the exact point and set strict stop-losses, moving in and out quickly like guerrilla warfare.
This market changes faster than a face can change; I watch K-lines during the day and study technical books at night. The most critical aspect is mindset—last time, my account shrank by 40% during a big crash; my hands shook like a sieve, and I gritted my teeth and didn’t cut losses, and three days later, I surprisingly broke even. Newcomers are most likely to make the mistake of chasing after rises and selling on dips, rushing in mindlessly when they see a coin rising, eventually losing even their instant noodle money.
Practical advice for newbies:
• Set stop-loss levels before building positions, mechanically execute discipline.
• If you don’t understand the market, stay in cash; missing out is not embarrassing.
• Record trading insights daily and review emotional fluctuations.
• Use profits to add positions, don’t risk your principal.
If you’re unsure, feel free to reach out to me. I have ready-made trading templates and pitfall avoidance guides. In this murky water of the crypto world, we’ll tread carefully over the stones.
Still, the same saying: Bulls have their strategies, and bears have their ways of playing.
I won’t lead fans to liquidation, nor will I blindly open positions.
It’s all about seeking steady wins, building solidly; those who want to profit, keep up!