This is the core strategy I used to achieve financial freedom from 8000U
1. Divide the money into three parts, first survive
1200U split into three parts of 400U
1. 400u day trading, monitor 1 position daily, target 3%-5%, close the software after reaching the target
2. 400u swing trading, wait for daily lines to break resistance / break support, enter with stop loss, aim for 10%+ market
3. 400u permanent lock-up, act as a revival coin, even if the market is volatile, avoid all-in and cutting off the path.
2. 80% of the market is in fluctuation, moving randomly incurs fees
If BTC is sideways for more than 3 days, close the software, don't get itchy. Wait for a breakout with volume or stabilize above the 30-day EMA, then enter with stop loss.
Profit exceeds the principal by 20%, immediately transfer 30% to the cold wallet to prevent drawdown. Remember: stay calm in normal times, and profits will come when you take action.
Three, strict rules to lock emotions, refuse to impulsively change orders.
Write 3 lines before opening a position and execute.
Stop loss at 2%, must cut when hitting the line, do not chase rebounds.
If profits exceed 4%, close half of the position first, set a trailing stop for the remaining.
Never add positions on loss days, averaging down = accelerating losses.
Small capital is not a problem, the desire to get rich quickly is. 1200U rolled to 38,000 U relies on controlling risk + equal probability. If you're losing sleep over fluctuations of dozens of U, first master these three techniques before discussing compound interest.
Slow is fast, stability leads to growth.
