Friends with an account balance of less than 1,000U, don't follow the trend and gamble on the myth of getting rich overnight. The crypto market is never a dice roll, and the thinner the principal, the more you have to know how to restrain yourself.
Last year, I met a newbie, and when I entered, it was only 600U. At the beginning, his hands were shaking before placing an order, and he was especially afraid that he would lose all his money if he made a mistake. I set a dead rule for him at that time: the small principal must come steadily, don't mess around. The result? A month later, the account rose to 6,000U, and in three months, it directly broke 20,000U, during which there was not even a single liquidation.
Some say it's luck. I don't see it that way - it all depends on the three core principles, and I will talk about it today.
**The first principle: dispersed layout, never full position. ** 600U should be split into three pieces to use: 200U for short-term, focusing on mainstream currencies such as Bitcoin and Ethereum, and leaving when it earns 3%-5%, it will be safe; In addition, 200U is used as a band, and it is held for a few days at the right time, pursuing stability rather than speed; The last 200U is the bottom position, no matter what happens, it can't be moved, this is life-saving money. I have seen too many people stud, they float when they earn, and they collapse when they lose, and the ones who really survive are those who know how to leave a way out.
**The second principle: only do trending markets, and don't move blindly when trading sideways. ** The market is volatile most of the time, and frequent transactions are to pay fees to the platform. If you don't have a chance, wait patiently, and then make a decisive move when the opportunity arises. If you earn 12%, you can withdraw half of the profit first and put it in your wallet to really get it. That novice can double by not chasing high, not being impatient, waiting when it should be, and collecting when it should be.
**The third principle: use rules to control the operation, don't let emotions be the master. ** If a single transaction loses up to 2% of the principal, the contact line must be stopped and never carry the order; The profit reaches 4% to halve the position, and let the rest run by itself; Never increase your position when you lose money, don't fantasize about "amortizing costs" - the market will not get used to anyone, but the rules can control those impulsive hands. You can't judge the right market every time, but you can do it right every time, which is the key to sustained profitability.
What small principal is most afraid of is the gambler mentality of "all or nothing to turn the tables". From 600U to 20,000U, it is never luck, it is discipline and patience. The market is always there, but those who can survive to the end are those who can keep the rules.
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Friends with an account balance of less than 1,000U, don't follow the trend and gamble on the myth of getting rich overnight. The crypto market is never a dice roll, and the thinner the principal, the more you have to know how to restrain yourself.
Last year, I met a newbie, and when I entered, it was only 600U. At the beginning, his hands were shaking before placing an order, and he was especially afraid that he would lose all his money if he made a mistake. I set a dead rule for him at that time: the small principal must come steadily, don't mess around. The result? A month later, the account rose to 6,000U, and in three months, it directly broke 20,000U, during which there was not even a single liquidation.
Some say it's luck. I don't see it that way - it all depends on the three core principles, and I will talk about it today.
**The first principle: dispersed layout, never full position. **
600U should be split into three pieces to use: 200U for short-term, focusing on mainstream currencies such as Bitcoin and Ethereum, and leaving when it earns 3%-5%, it will be safe; In addition, 200U is used as a band, and it is held for a few days at the right time, pursuing stability rather than speed; The last 200U is the bottom position, no matter what happens, it can't be moved, this is life-saving money. I have seen too many people stud, they float when they earn, and they collapse when they lose, and the ones who really survive are those who know how to leave a way out.
**The second principle: only do trending markets, and don't move blindly when trading sideways. **
The market is volatile most of the time, and frequent transactions are to pay fees to the platform. If you don't have a chance, wait patiently, and then make a decisive move when the opportunity arises. If you earn 12%, you can withdraw half of the profit first and put it in your wallet to really get it. That novice can double by not chasing high, not being impatient, waiting when it should be, and collecting when it should be.
**The third principle: use rules to control the operation, don't let emotions be the master. **
If a single transaction loses up to 2% of the principal, the contact line must be stopped and never carry the order; The profit reaches 4% to halve the position, and let the rest run by itself; Never increase your position when you lose money, don't fantasize about "amortizing costs" - the market will not get used to anyone, but the rules can control those impulsive hands. You can't judge the right market every time, but you can do it right every time, which is the key to sustained profitability.
What small principal is most afraid of is the gambler mentality of "all or nothing to turn the tables". From 600U to 20,000U, it is never luck, it is discipline and patience. The market is always there, but those who can survive to the end are those who can keep the rules.