Brothers, first take off the hat of 'showing profits'

Last week, $ACA fluctuated between 0.08-0.12 USDT, and three old friends of mine got liquidated, which made me think of bringing out the rules I keep in reserve.

Seven years ago, I entered the market with 3000 USDT saved from working in an electronics factory, using 100x leverage to buy $BTC for the first time. I was ecstatic when it rose by 1% and didn't sell, only to see it drop by 2% and get liquidated. Now, my account steadily holds an eight-digit number, all thanks to the principle of 'surviving is better than winning'.

Now I use 10,000 USDT as capital, never opening positions over 1,000 USDT, no matter how tempting the 100x leverage is, I stick to my bottom line.

These five points are what I learned after getting liquidated five times:

First, the stop-loss line is the lifeline.

Last month, I shorted $ETH, setting a stop-loss at 1850 USDT. As soon as it hit the point, I cut my position, even though it dropped after half an hour, I have no regrets. Previously, I stubbornly held $SOL from 120 down to 80, directly losing half my position. The market never reasons with gamblers.

Second, if you get five trades wrong, just 'shut down'.

Last week, $ADA was sideways, and I had five consecutive trades in the wrong direction, so I immediately shut down the software and helped my kid with homework. The next day, it was indeed a good move; the previous day's fluctuations were directly leveled out, and losing my cool is scarier than losing money.

Third, take the profits when you have enough, don’t be greedy for numbers.

Last week, I made 600 USDT on the $SOL contract, and I immediately withdrew 300 USDT to Alipay, transferring living expenses to my wife.

The USDT on the screen may float, but the numbers in the bank card are solid; I have already withdrawn 2800 USDT this month.

Fourth, only chase trends and avoid sideways movements.

During the week the Federal Reserve raised interest rates, $BTC fell 15% in one direction, and I made a killing on my 100x short position;

But these past few days have been sideways, and I haven’t done anything except watch the candlesticks.

In a sideways market, leverage is like a sickle; being reckless will get you cut.

Fifth, never exceed 10% of your position.

Now I have 80,000 USDT in capital, and I never use more than 8,000 USDT in a single trade.

Being fully invested is like drunk driving; it looks exciting, but an accident is catastrophic.

I share my operations every day in the live trading group, not to recruit people but because I genuinely don’t want to see newcomers take the wrong path.

Now there are a few empty spots in the team; if any brothers want to learn position management and find trend signals, just leave a comment saying 'want stability'.

Follow me for practical skills that can be applied; see you in the Binance chat room.