With little funds, don't rush in blindly. I just took a fan from 800U to 54,000 in 42 days, eating meat the whole way until I was full.
You have less than a thousand in capital, and you want to get rich overnight? Stop it, you’re just a cash machine in someone else's game.
When this fan first came, he was so eager that he wanted to rush into everything. I directly scolded him awake - separate the money first, it’s more important to stay alive than to make money.
We only make moves we are sure of, and we don’t touch choppy trades.
When the market moves, we strike, and if something feels off, we get out immediately.
On the first trade, I made 100U, and on the second trade, I used that 100U as bullets to roll, increasing my position gradually, and I became more stable.
The most memorable time was when others were arguing about going long or short. He wanted to follow the trend, but I told him not to move, wait for the signal, and when it comes, we step in and take the whole segment, while others get liquidated, we take profit and collect our money.
Many people are most anxious when they have little capital. They buy at the bottom today and cut losses tomorrow, making it messier and messier until they go completely broke.
My approach can be summarized in three points: Stability, Control, and Taking Profit.
Doubling the capital is incidental; the core is to stay alive and continue to eat well.
If you really want to turn things around, don't go against the market recklessly.
The market won't take care of the impatient; if you're late, you'll have to wait for the next bull market.