The lifeline for newcomers in the crypto world: whoever can survive the first hurdle deserves to eat meat!
Do you think trading cryptocurrencies relies on luck? Wrong, staying alive is the greatest skill.
Now the market is volatile, and the sickle 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 with contracts!
Contracts are not a doubling artifact; 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 reverse move can wipe out half your capital. Always set stop losses for every trade; with 8000 capital, the maximum loss is 800, better to stop loss than to hold!
Step two: if you chose the wrong platform, making money is just a dream.
Only use leading platforms like Binance, and the reason for not using others is simply: too many have run away.
Low fees are profitable; the lower the funding rate, the more money you save. Don’t underestimate these small decimals; they can eat up a lot of your profits.
Step three: you earn “certain” money, not courage from a moment of impulse.
Don’t think just because you jumped in today and gained 5%, that tomorrow a bearish candle won’t take it all back. Look at the trend through moving averages; enter only when MACD golden cross + RSI above 50. Don’t blindly chase the ups and downs.
When the market is down, wait for three bullish candles to stabilize before entering; when the market is up, don’t chase just because it’s rising; if it deviates too far from the moving average, it will retrace. Remember, don’t lose.
Step four: unclear position allocation means liquidation is just a matter of time.
How will you use your 8000 yuan capital?
Start with 3200 to test the waters; cut losses at 5%. If you can’t bear to lose even 160, what are you trading?
If it goes up, add 2400; keep the rest for safety. Withdraw some profits instead of waiting to regret when it all comes back.
You take 3200 yuan, buy 26000 USD worth of BTC with 5x leverage, set a stop loss at 25700 (loss of 300), and a take profit at 28000 (profit of 400).
This is a planned operation, not a reckless All In gamble.
You’re not here to get rich overnight; you’re here to survive!
Those who say “follow me and you can multiply your investment tenfold” – you need to ask them how much is left in their account.
I am Brother Jie, and I have helped many people climb out of deep holes. Follow me, you choose whether to earn more or less, but I only give the opportunity once.
If you want to get on board, now is the chance. Don’t wait for others to finish eating meat while you’re still asking where the soup is.