Just entering the crypto world and thinking you can rely on 'talent' to make easy money?
In December, when BTC plummeted by 8%, 260,000 people faced liquidation losses of nearly 1 billion, with 90% being newbies who heavily invested at high prices.
Remember: preserving your principal is the first lesson in entering the market; without this ability, making profits is just talk!
Don’t rush in without guidance!
Start with a 'test position' using 150-300 U to hone your skills.
Do not exceed 5x leverage on contracts, strictly set take-profit at 10% and stop-loss at 5%; the goal is to practice execution.
Don’t increase your position due to FOMO emotions, and never change your stop-loss to hold the position.
Data shows that newbies who can maintain a small position without losses have already outperformed 68% of speculators; even if liquidated, stopping in time to analyze is more reliable than stubbornly holding on.
If you want to level up, don’t blindly experiment! Find a mentor with a real trading success rate of over 60%, as it is 10 times more efficient than studying white papers on your own.
With guidance, you can increase your position to 800 U, using grid trading strategies to diversify risk, but the core is still controlling emotions.
If you get a little profit, you get carried away; if you incur some losses, you panic; it’s better to pause and adjust.
Never treat contracts as a gambling table!
Under 100x leverage, a 1% fluctuation in BTC triggers forced liquidation; no matter how good a gambler's mindset is, the strategy is useless.
Once you solidify your execution and emotional management, then consider 8000 U as a reasonable full position; this is the risk limit for ordinary newbies.
The market is always there, no need to rush to become a 'one-night millionaire' gambler.
Start practicing with a small position of 150 U, first become a 'survivor' and then a 'profitee'; this is the survival rule of the crypto world.
Follow me, I only share practical skills that can be implemented, see you in the Binance chat room.
