The only way to quickly accumulate principal is:
Work hard!
Assuming you only have $1000, if you spend a month trading short-term, with a win rate of 60% and a risk-reward ratio of 1:1, making 100 trades, you would earn about $600, and that’s in an ideal scenario, not considering potential losses;
But if you work hard for that month, even delivering food, you can at least earn about $1000.
So, even if you have a long-term stable profitable trading system, if your principal is very small, the best strategy is still to first work to accumulate capital, and then consider entering the market.
For every beginner who wants to trade full-time, failure is inevitable!
A harsh reality is that trading requires early investment. For those with stable cash flow, the mindset while trading is one of gaming, spending, or entertainment.
For those without cash flow, the mindset while trading is more like gambling.
Therefore, I strongly advise every friend who feels their trading level is perfect and wants to quit their job to trade full-time:
Absolutely DO NOT give up cash flow!
Traders with a fixed income have at least 10 times the probability of success or long-term survival in the market compared to those without fixed income. I’m not referring to the ability to continually top up funds, but rather whether the trader's will can withstand the market...
The former enters the market as if wearing a bulletproof vest and helmet on the battlefield;
The latter enters the market almost naked on the front lines...#BTC再创新高 $BTC