I am straightforward when I speak, but every word is a truth earned through blood and tears.
To be honest, position management is a hundred times more useful than your daily research on candlestick charts!
I've seen too many people perish because of this.
I know a guy who, back in the day, charged into the crypto world with a few million, playing with leverage like a fool. Once, he opened a 100x contract without batting an eye, and ended up getting liquidated in the middle of the night, losing everything. Did you think he made a wrong directional judgment? No! He later reviewed and found that he was actually right about the trend; it was just that his position was too heavy to withstand the volatility. This is a bloody lesson!
Let me give you some solid advice:
1. When buying spot, don’t act like a starving ghost reincarnated; don’t just throw your money in when you see a rise. Take $100 as an example: first, throw in $30 to test the waters, wait for it to drop and then add another $40, finally keep $30 for bottom fishing. Especially for those of you who stare at the 4-hour chart every day, you’ll never really know where the bottom is. Doing this way, at least you won’t fall to your death halfway down the mountain.
2. Contracts are like a butcher's knife! You think opening a 10x leverage with $10 is playing, but it’s actually like tying $100 to a roller coaster. If the market shakes a bit, your account gets wiped out. How many people died on LUNA last year? They were all reckless gamblers who didn’t believe in danger!
3. Stop loss is a life-saving talisman! My strict rule: I can lose a maximum of 1% of my total capital per trade. Even if I step on a mine 100 times in a row, I still have capital to turn things around. Those who always say they’ll “hold on” are already six feet under!
4. Opening a position is not a random decision! Calculate how much you can bear before you make a move. I can afford to use 3 times my position in short-term trading because I can exit within 5 minutes. If you don’t have that ability, lower your leverage early; don’t wait until you’re liquidated to scream for help.
Remember, surviving long in the crypto world is the real skill. In a bull market, even pigs can fly, but those without position management will fall and end up as dead pigs! Those who flaunt their hundredfold returns every day, do you see if they dare to show their liquidation records? Control your hands, keep the green mountains, and you’ll have the right to laugh last.
Opportunities and risks coexist in the crypto world, stay vigilant, and finding the right timing is key. I’ve also discovered a short-term project with huge potential for a price surge! If you want to follow along, hit the avatar and follow me; I’ll share for free!
