Today, I'm being a bit dramatic and sharing something that's uncertain whether it's good or bad. Before this person knew me, he took out a loan of 500,000 to invest in cryptocurrencies and ended up with only 250,000 left. Then he found me and hoped I would guide him. He proposed to give me 10% of the profits. Later, I had him invest everything in the spot BIGTIME, and in 3 days, the funds reached 1.05 million. During this time, I reminded him more than once to withdraw the 500,000 and pay back the loan on his house. He has a family, and although I don't know him in reality, I still hope he won't burn the boats.
A day later, he lost 120,000, and then he let him invest everything in SATS. Last night, the funds reached over 2 million, with total profits exceeding 2.5 million, and then he just ran away. The so-called gentleman's agreement is all nonsense; there are always a few people like this every month.
Let me say this again to those who want me to serve them for free: please don't message me. My time is very valuable; we are in an era of paid knowledge! I am also human, and I eat the same food as everyone else. A gentleman loves wealth and seeks it through proper means. This situation, while good, is also a double-edged sword. The good part is he turned things around; the bad part is I didn’t receive my rightful dividends. But it also reflects my own capabilities. I wish him all the best on his trading journey.
Alright, enough with the pretense. I am not the so-called mentor in the crypto world; I don't conduct training or earn commissions. I'm just a seasoned trader who has experienced liquidation.
I've seen too many people rush in with a desperate mindset of 'getting back to break-even', only to end up with nothing.
Last year, a friend came to me with 2700U, wanting to recover previous losses. I didn't discuss complex moving averages or MACD indicators with him, just shared three practical experiences. He followed my advice for three months, and his account grew to 50,000U without ever being liquidated.
First, divide the funds into three parts; prioritize capital preservation before seeking profits. I had him split the 2700U into three equal parts, which should not be casually altered. This is a lesson I learned from being fully liquidated and losing sleep. The first part is for short-term trading, opening a maximum of two positions a day, and closing the software after trading to avoid greed; the second part waits for a trend; if the weekly chart hasn't shown a bullish pattern or broken through key levels with volume, remain inactive. Blindly trading in a volatile market will only lead to losses; the third part is for emergency funds, used to add positions when the market suddenly crashes close to liquidation, as preserving the principal is essential to continue trading. Liquidation merely injures; once the principal is gone, it's a total exit.
Second, only seize trending markets; during other times, act like a 'turtle in retreat'. I used to trade frequently during volatile markets and was repeatedly harvested. Later, I recognized only three signals: if the daily moving average hasn't formed a bullish pattern, definitely stay in cash and don’t fear missing out; if the market breaks through previous highs with stable daily closing, only then enter with a small position; when profits reach 30% of the principal, withdraw half of the profit, and set a 10% trailing stop for the rest to secure gains.
Third, control your emotions and strictly execute your plan. Write your plan before entering a position, set a stop-loss at 3%, and automate the exit once it hits the point; don’t hold on to false hope. When profits reach 10%, raise the stop-loss to the breakeven point; the rest is extra profit. Stop trading at a fixed time every night, regardless of how tempting the market may be; if you can't resist, uninstall the app. Watching the market for too long can mess with your emotions, and when emotions are messed up, mistakes happen.
The market keeps changing; once the principal is lost, there's no way to recover. First, focus on these three points, then study waves and indicators at your leisure. Later, when a friend asked about profits, I sent a screenshot of my wallet, but he accused me of bragging.
Back then, they were thriving while I was working hard; what is there to brag about? The crypto world is very lonely; in a bear market, while others are cutting losses, when I escape, others say I'm lucky.
Now, I no longer persuade or explain; seven years of experience have taught me to keep silent. Never bring those around you to trade cryptocurrencies.
If you also pay attention to on-chain data and calculation of unlocks, there's no need for words; we will understand each other.
There are many lost souls on the path of cryptocurrency, only those with fate will be rescued.
