The life-and-death line for newcomers in the crypto circle: those who can survive the first hurdle are the ones who deserve to eat meat!

Do you think trading cryptocurrencies relies on luck? Wrong, surviving is the greatest skill.

The market is currently volatile, and the scythe for cutting leeks is sharp. If you are a newcomer, these few pieces of advice can save your life.

Step one, if you don't understand, don’t mess around with contracts!

Contracts are not a magic tool for doubling your money; they are an electric chair that accelerates liquidation.

Perpetual contracts are suitable for practice; don’t touch delivery contracts. Start with 5x leverage, don’t think about 10x or 20x; a single reverse move can wipe out half your principal. Remember to set stop losses for every trade; with 8000 as principal, the maximum loss should be 800. It’s better to stop loss than to hold on!

Step two, if the platform is not chosen correctly, making money is just a dream.

Only use top platforms like Binance; the reason for not using others is simple: too many have run away.

Low fees are profitable, and the lower the funding rate, the more you save. Don’t underestimate these small decimals; they can eat away a lot of your profits.

Step three, you earn “certain” money, not courage from a moment of impulse.

Don’t think that just because you jumped in today and it rose by 5%, tomorrow a single bearish candle won’t take it all back. Look at trends with moving averages; only enter when MACD shows a golden cross and RSI is above 50. Don’t blindly chase prices.

During a downturn, wait for three bullish candles to stabilize before entering; during an uptrend, don’t chase just because it’s rising. If it deviates too far from the moving average, it will pull back, and so on. Avoid losses.

Step four, unclear position allocation will lead to liquidation sooner or later.

How will you use your 8000 yuan principal?

First, take 3200 to test the waters; cut losses if it drops by 5%. If you can’t bear to lose even 160, what are you trading?

If it rises, add 2400; keep the remaining for safety. Take some profits when you make them; don’t wait until it all goes back before regretting it.

If you take 3200 yuan and buy BTC at 26000 dollars with 5x leverage, set your stop loss at 25700 (losing 300) and your take profit at 28000 (earning 400).

This is a planned operation, not reckless all-in gambling.

You didn’t come to get rich overnight; you came to survive!

Those who say “follow me and you can make ten times” need to be asked how much is left in their accounts.

I am Long Shao, and I have helped many people climb out of deep pits. You can choose to earn more or less by following me, but I only give the opportunity once.

For those who want to jump in, this is the opportunity; don’t wait until others have eaten the meat while you’re still asking where the soup is.