Last month, Xiaoyu found me and said he lost so much in cryptocurrency that he was left with only 3200U,
Watching the cryptocurrency index rise for two consecutive days in December (3rd December rose by 3.77%, 4th rose again by 1.84%), he was anxious to go all in on BTC.
I stopped him and split the money into three parts, now his account has exceeded 20,000U.
The first part of 1000U for short-term trading, focusing only on volatile coins like ETH, at most two trades a day, and if he hits a stop-loss, he runs immediately.
He made two trades last week and earned enough for next month's rent.
The second part of 1200U is waiting for the trend, just waiting for a clear upward signal on the weekly chart——
Like in October, when BTC stabilized above 110,000, his SXP entry directly rose by 30%.
The most critical thing is that 1000U emergency fund; last week he almost got liquidated on one trade, but he immediately replenished his position to keep it, which helped him not miss the subsequent rebound.
Remember, now BTC is stable above 100,000, but in November, there was a single-day drop of 4.6%; liquidation is comparable to "losing one's head"; keeping the principal is the only way to turn things around.
Before entering the market, write down the "bottom line": set a stop-loss at 5% for automatic liquidation, and if profits reach 10%, pull the stop-loss to the break-even point.
On December 4th, when the trading volume exceeded 8 billion, I let Xiaoyu enter the market; he followed the rules and took half of the profit, leaving the rest to fluctuate with the market without panic.
The cryptocurrency world is never about who can run faster, but rather about who can survive longer. @bit冰
