I have seen too many tragedies in the crypto world: college students borrowing on 100x leverage, delivery workers mortgaging their homes to cover losses, mothers using credit cards to fight against losses... Debt is not scary; what is scary is using a gambler's mentality to fill the holes! I want to share my trading experience over the past few years with you all. Futures are a big casino; if you can't handle it, you can live a normal life! You can still have a colorful life!
Step 1: Do not borrow money to trade. Stop using Huabei/credit cards/online loans completely. List all debts in an EXCEL sheet and sort them by interest rates to tackle them one by one. Never borrow from Peter to pay Paul.
Step 2: Establish a safe position
No matter how much capital is left, forcibly split the funds into:
20% USDT-based contracts (only open 1-0x leverage)
50% spot trading (preferably choose mainstream coins like BTC)
30% stablecoin investments (choose those with higher annualized rates)
Remember: during the debt period, do not use any high leverage!
Step 3: Quick entries and exits, find strategies in hot sectors
Only make 1-3 trades per day, small scale 5-15 minute levels.
① Choose coins with volatility > 5%, preferably mainstream ones.
② After opening a position, set a 1-2% stop loss + 2-5% take profit.
③ If daily profits exceed 5%, immediately stop trading.
Little by little, develop a good habit.
‼️ Deadly taboos (a bloody warning)
× Do not hold a position for more than four hours.
× Do not trade between 22:00 and 2:00.
× Do not operate more than 2 coins simultaneously.
× Do not use high leverage with large positions based on emotions.
The core of clearing debt is not getting rich quickly, but using mechanical trading to flatten the debt curve. I have seen single mothers pay off $380,000 in six months with $2,000, and I have seen rich second-generation individuals lose everything playing with 911. The fairest thing in this circle is that in front of discipline, all are equal.