$GLMR The market has opportunities, and surviving is the most important thing!
At three in the morning, my phone's ringtone pulled me out of my dream. On the other end of the line, an old fan from Zhejiang spoke with a trembling voice, almost crying and unable to speak: “Brother Dasheng, I blew up all my 6000U, with 5x leverage, and a 3-point pullback directly cleared me out…”
After hearing her story, I could almost imagine her feelings. Looking at her trading record, I couldn't help but frown: full positions at 5800U, increased leverage, no stop-loss set, and everything blew up as soon as the market moved. It's truly a 'self-destructive' operation.
Such things happen frequently in the crypto world. Being fully invested is not bravery; it is foolishness. You have no idea about the market direction, and the result could instantly go to zero. Remember, making money is not about getting rich quickly, but about surviving!
I summarized three stable principles for your reference:
1. Each trade should not exceed 7% of total funds
For example, with a 6000U account, the maximum for a single trade is 420U. Even if your stop-loss is set at 7%, with a loss of 29U, your emotions won’t be greatly affected, allowing you to remain calm and continue trading.
2. Control single trade losses to within 1.1%
With 420U at 5x leverage and a 1% stop-loss, your maximum loss is 8.4U. The loss won't be large enough to cause you to collapse, enabling rational trading without being swayed by emotions.
3. When the market trend is unclear, decisively stay out
If the market trend is unclear, then wait on the sidelines. If you can't see the market clearly, don’t gamble; defend first and then attack!
I have a fan who, at first, blew up his account twice a month. Later, he followed these three principles I shared and grew from 3200U to 55,000U in four months. At that time, he finally understood one principle: “I used to think being fully invested was courage, now I realize that surviving is the most important thing.”
There are many opportunities in the crypto world, but your capital is limited to one. Don't gamble with your life; surviving gives you the next opportunity.
Remember, surviving means having a future. The market can wait for you, but the premise is that you must be able to hold on!
Are you still coming?💥#中美贸易谈判
