If you want to survive, don't think about making money first.
You think the cryptocurrency market is about technology, but in fact, it's about who can last the longest.
Many newcomers enter with eight thousand dollars, leveraging 20 times, aiming for quick riches. What’s the result?
Either they get liquidated to zero or they are left questioning their life choices.
Today, I will condense the pitfalls I've experienced into four sentences to save your life:
1. Don’t touch what you don’t understand; random clicking leads to losses.
Perpetual contracts may seem simple, but they hide deadly traps.
Leverage is not a tool to double your gains; it magnifies risk, and starting with 5 times is just right.
If you don’t set stop-loss on every trade, you’re just waiting to blow up.
2. Only trade what you understand.
Don’t chase after rumors chaotically; don’t gamble on your life during volatility.
Enter the market only after the trend has established itself; you’re making money based on certainty, not impulsive moves.
3. Control your position, and leave room within your portfolio.
With eight thousand dollars, don’t go all in; build your position in three steps: trial and error, increase your position, and reserve for potential crashes.
If the market is stagnant, just observe; wait for the right signals before acting.
4. Only trade BTC/ETH; don’t touch air coins.
Do you think small coins rise quickly?
In reality, a single drop can make you lose a month’s worth of work.
This method is one I’ve developed with real money; the losses I’ve incurred are enough for you to graduate early.
These are not profound terminologies; they are simple methods to protect your capital.
No matter how much I say, it won’t help. If you truly want to turn things around, the first step is to stop your reckless ways.
Stay on rhythm, seize the opportunity, follow me, and gradually enjoy the rewards.
The opportunities are given by me; whether you follow the rhythm or not is your choice.
Don’t wait for the next market to arrive while you’re still on the sidelines watching others take off.