The crypto world is not a casino; the less money you have, the more you need to focus on strategy. Last year, I started with a newbie who only had a few hundred dollars at first, and his hands were shaking while placing orders, fearing that a single mistake would wipe him out.
I told him directly: follow the method, small funds also have opportunities. Later, he turned his account into twenty thousand dollars in three months, without blowing it even once.
Many people think it's luck, but I know very well that it relies on three solid disciplines. I've summarized them for you, hoping to help you avoid some detours.
First, money should be used separately, never put it all in at once.
Even if it’s only a few hundred dollars, it's best to divide it into three parts:
One position for short-term trading, only focus on mainstream coins, take profits after earning three to five points, don’t get attached to the battle.
One position for swing trading, watch for opportunities to hold for a few days, pursuing stable returns.
The last position is the base position; no matter how good the market is, do not move, as that is your capital for turning around.
I have seen too many people dive in with their entire capital right away, becoming complacent when they earn, and collapsing mentally when they lose. Those who survive are the ones who understand to leave themselves a way out.
Second, only trade in markets with direction, don’t consume your principal in sideways movements.
The market does not actually have a clear trend most of the time; chaotic trading is just giving fees to the platform. When there’s no opportunity, be patient and wait; strike again when there is. If you make over 10% each time, it's advisable to take half of the profit out and put it into your wallet; only what you have in hand is real.
The reason the person I am mentoring can progress steadily is that he has learned to wait, not chase after rises, not be anxious, and never hesitate to take profits when it’s time.
Third, use rules to control your hands; don't let emotions replace judgment.
Single losses should not exceed 2% of the principal. When you hit the stop-loss line, you must exit; don’t hold onto the position.
If profits exceed 4%, first reduce half of the position and let the remaining profits run.
Once you lose money, never average down; acknowledge your mistakes.
We cannot always get the market right, but we can always make the right moves. The essence of making money is to let discipline control impulsive actions.
The most dangerous thought for small funds is always wanting to 'turn things around all at once.' I watched him turn a few hundred dollars into twenty thousand last year; it wasn’t through miraculous operations, but through rules and patience.
If you still struggle to grasp buying and selling points, you can pay more attention to my shares. I often analyze real-time market conditions in the chat room to help you find the rhythm.
Interest rates are about to be lowered; if you can’t grasp this important aspect of the crypto world, the next rate cut may not happen until January! The footsteps of interest rate cuts are near; short-sightedness is not as good as deep understanding! Hongcai continues to share entry timing and data analysis in the home of the God of Wealth. Follow Hongcai to gain control of the market!
