$ETH The cryptocurrency market is not a casino, and you are not here to be a gambler. The purpose of everyone coming here is to make money and turn things around!
$BTC To be honest, most people lose money not without reason, but because they don’t use the right methods!
$ZEC I had a cousin before who was exhausted from struggling outside. He took out tens of thousands of yuan in savings to come to me, which is equivalent to 4000U, and after three months, he reached 60,000U!
Behind this is the 3 core logics that helped me go from 5000U to financial freedom.
The first hand is to diversify. This is the fundamental way to survive.
Never invest all your money; I had him split the 4000U into three parts.
One part is for day trading, focusing on that one trade every day, exiting once the target profit is reached, and never being greedy; one part is for swing trading, holding for ten days to half a month without action, and once an opportunity arises, you can make a big profit; the last part is a base investment, which should not be touched regardless of how the market moves, keeping it as a cushion for recovery.
Many people start with a full position and get liquidated when the market drops; if you can’t even hold the market, how can you talk about making money?
The second hand is to seize thick profits, don’t mess around during sideways markets.
The cryptocurrency market is in a sideways trend 80% of the time, and frequent operations during this time are just giving away money.
My advice is to patiently wait during sideways markets and enter only when the trend is clear.
Moreover, when you make money, you should cash out in time; for example, if profits exceed 20%, withdraw 30% first for safety.
Real experts don’t trade every day; they either don’t make a move, or when they do, they can sustain for a long time.
The third hand is to control emotions, replacing feelings with rules.
The most terrifying thing in trading is being emotional, so rules must be set: set the stop-loss at 3%, and if it reaches that point, cut it decisively, never hold on;
if profits reach 5%, reduce the position to secure some earnings;
even if you incur a loss, absolutely do not increase your position, as adding more will only trap you further.
Set these rules in advance and stick to the plan strictly, don’t let emotions sway your account.
A good state for making money is to let the funds roll according to the rules, rather than following mood swings.
4000U can grow to 800,000U, relying on locking in risks and letting profits run slowly.
It is very difficult to go far in this market relying on just one person.
Now, I have a repaired road here, are you going to walk it?
