I am Binge, a 35-year-old from Fujian, who has been in the cryptocurrency space for 8 years.
I have seen the myth of overnight wealth, and I have also seen countless people return to zero overnight. The ones who can truly survive long-term are not the most aggressive, but the most stable.
Many people think that my current assets are tens of millions, relying on a single gamble to turn things around. In fact, just the opposite; my most intense moment was resisting the urge to bet.
Last year, a fan approached me with only 1000U in his account. He said, "I'm not afraid of not making money; I'm afraid of losing it all in one go."
I told him just one thing: learn to survive first, then talk about turning things around.
So, I set three rules for him.
The first rule: separate your funds. $CFG
Split the 1000U into three parts. $PAXG
300U for short-term trading, focusing only on Bitcoin and Ethereum, exit at a 3%-5% fluctuation. $ETH
300U for swing trading, enter when the trend is clear, hold for three to five days.
Leave the remaining 300U untouched as a backup.
Many people rush in with a few thousand U, panicking when it rises and falling when it drops; such people find it hard to survive in the cryptocurrency space.
The second rule: only trade with the trend.
The market is in a consolidation phase most of the time; frequent trading only incurs transaction fees.
If there are no signals, stay in cash; enter only when there are signals.
Take profits of 15%, and secure half of it first.
The third rule: rules govern emotions.
Single trade stop-loss should not exceed 3%.
Lock in half of the position at a 5% profit.
Never average down on losses.
As a result, five months later, his account grew from 1000U to 42,000U.
No magical trades, no luck, and no liquidation throughout the process.
It was all based on three things: rules, patience, and discipline.
Many people always ask: Can 1000U turn around?
Yes, but not by gambling.
The real money-makers are not those who hit it big every day, but those who can consistently take a little money from the market every day.
I have been trading for 8 years and only believe in one thing:
The market does not reward smart people; it only rewards those who follow the rules. #币圈暴富
Binge has always traded in real markets, not making empty promises.
#Cryptocurrency