Family! Who understands! Every time I see a new brother just entering the circle, charging around in the market with their capital, losing half a year's salary in three days and crying to me for complaints, I just want to tattoo the words 'Don't lose first, then make money' on their foreheads!
I've been in this circle for 8 years, witnessing the desperation of staring at the screen at 3 AM while facing liquidation, as well as seeing the sober individuals who achieve wealth leaps through steady and solid efforts. Today, I want to speak a plain truth: the market has never been a charity, and it won't show mercy just because you're a 'newbie'; it will only magnify your greed, panic, and luck indefinitely, ultimately making you pay for your emotions.
Here are 5 of my ultimate "money-saving principles"—newbies, remember them, they are more useful than memorizing 100 technical indicators:
First, don’t be a "trading addict"! Many newbies, just entering the market, feel anxious if they don’t operate for a day, itching to hit the keyboard. I tell you, the more you do, the more mistakes you make; this is a hard rule! When the market is chaotic, staying out of the market isn’t slacking off, but a form of "active timing" ability. Just like hunting, you can't just shoot at a shadow, can you? Patiently waiting for the prey to appear is 10 times better than being busy for no reason.
Secondly, stop-loss is your "lifeline", not a sign of defeat! I have seen too many people hold onto the fantasy of "waiting for a rebound" when they are losing, resulting in losses dragging from 10% to 80%, ultimately leading to a complete loss of capital. A stop-loss is not admitting defeat; it is setting a "firewall" for your trades to prevent a single mistake from completely kicking you out of the market. My habit is to set a stop-loss for every trade, even if I occasionally get "stopped out"; it is better than losing everything—if you still have the mountains, you have a chance to recover.
Thirdly, have a lighter position for more alternatives! There are always people who think, "only a big bet is exciting"; if they win, they enjoy the company of beautiful women, and if they lose, they have to work harder. This kind of gambler's mentality is a sure way to find trouble in the crypto world! I never recommend newbies to have a position over 30%; light trading isn’t about being timid, but about leaving yourself some bullets. The market is never short of opportunities; if you use up all your bullets, when the real good market comes, you can only stand by and kick yourself.
Fourthly, only earn "understandable money"; do not touch those you do not understand! The most common mistake newbies make is to follow the crowd when someone says, "this coin will skyrocket". I ask you, what is the logic behind this coin? What factors support its rise? If you don’t even know that, why do you think you can make money? Remember, there are countless opportunities in the market, but those that can keep you alive are always the ones you can understand and control. If you don’t understand it, stay out of the market; it’s not embarrassing!
Fifthly, emotions are 100 times more important than technique! I have seen too many technical experts, due to momentary excitement, heavily chase high prices, increasing their losses, ultimately leading to their downfall. In trading, mindset is always the top priority. When you're getting excited, turn off your phone, go eat something, take a walk, don’t force yourself to place orders; when losing money, don’t think about "averaging down"; the more you average down, the more you lose. Stop-loss and exit in time, and adjust your mindset before starting again.
Lastly, let me say something from the heart: the crypto world is not a sprint; it’s not about who runs faster but about who lasts longer. In the newbie phase, don’t think about “getting rich quick”; first, solidify the skill of "not losing money". Follow me, in the next issue, I will break down specific stop-loss setting techniques, helping you avoid the common pitfalls that beginners often fall into, and survive steadily in the crypto space! For those who find this useful, comment "steady" in the section so I can see how many aware people there are~ If you currently feel helpless and confused in trading, and want to learn more about crypto-related knowledge and cutting-edge information, follow me @标哥说币
