The road of trading cryptocurrencies has led me through too many dark nights: from losing sleep and having my heart race while monitoring the market every day, to now achieving a stable monthly income of over a million.
It's not about talent, nor luck, but a set of "clumsy yet useful" methods for making huge profits.
Today I will share this clumsy method with you. Whether you can turn your situation around depends on your ability to execute it.
1. Iron Rule of Capital: If you want to make big money, first ensure your life is secure.
No matter how good the system or how accurate the analysis, as long as you blow your account once, you will have wasted your whole life.
I will only mention three iron rules:
① Diversification is the baseline.
If you have a capital of 100,000, take a maximum of 10,000 for each trial order, with total exposure not exceeding 20%.
② Cut losses at 2% for each trade.
No hesitation, no praying, no fantasizing. The softer your heart, the harsher the market.
③ Prohibit heavy leverage.
Newbies should avoid leverage, and even veterans should not exceed 10 times. The liquidation you can avoid is the life you have earned.
2. Core Strategy: Less is more.
Remember this: Making money is not about "going long", it's about "doing it right".
Many newcomers make dozens of trades a day, busy like workers, yet they end up losing more and more.
Experts do it differently:
① One-way operation.
Before the market moves, only take one side: either long or short.
② Mechanical discipline is a thousand times stronger than human nature.
Setting a 3% stop-loss / 5% take-profit in advance is steadier than monitoring the market for two hours.
③ Control trading frequency.
Two high-quality trades a day are best; exceeding three trades is basically giving away money.
3. Death Zone: 90% of newbies fail here.
Look closely, this is the path most people take to liquidation:
❌ Adding to positions against the trend.
With each addition, you push yourself further into the abyss.
❌ Meaningless trading.
Transaction fees + slippage = enough to eat away half a month's profit.
❌ Not taking profits.
"It should still go up" is the most expensive phrase in the crypto circle.
If you want to walk more steadily, earn more quickly, and avoid fewer pits, do you want to know how to diversify, how to set stop-losses, when to enter and when to exit?
Scan the QR code below to add me in Binance's official chat room Z me @QQ3951857013 .
Communication is more convenient, strategies are more accurate, and rhythms are clearer!
Taking fewer detours is better than anything else!
