At the beginning of this year, I saw news about a certain coin saying 'it will go live on the mainnet', thinking 'this will definitely increase', I invested my entire principal of 20,000. As a result, on the day the mainnet went live, the coin price dropped by 30%. I thought 'let's wait a bit, maybe it will come back up', but a month later, I lost 80%. I smashed my computer, cursing myself: 'Why are you so greedy?'
Later, I read (The Survival Rules in the Coin Circle), and only then did I understand that position management is 'the fundamental to survival'. The book says: 'Full position and empty position are labels of new investors. Going all in at the drop of a hat is just a joke.'
I have set for myself the 'four principles of position management':
① Never be fully invested: Use a maximum of 70% of your funds to buy cryptocurrencies, and keep the remaining 30% for 'buying the dip' or 'emergencies'.
② Diversify your investments: Don't put all your money into one cryptocurrency; for example, buy 2 major coins (BTC, ETH) and 1 small coin. This way, even if the small coin loses, the major coins can still support you.
③ Keep an 'emergency fund': Always set aside 20% of your funds as an 'emergency fund' for situations like illness or unemployment. Even if you lose in the crypto market, it won't affect your life.
④ Regularly 'adjust your positions': Check your holdings once a month. If a particular coin exceeds 30% of your portfolio, sell a bit and exchange it for other coins to avoid 'putting all your eggs in one basket'.
Now I have slowly increased my initial capital of 20,000 to 35,000 using these four principles. Although the growth is slow, at least I am no longer 'fully invested and losing'.
There is a saying in the crypto world: 'Greed is a knife above your head.' If you want to avoid the tragedy of 'fully invested and losing everything', you might consider following me.@币圈罗盘 , I will share specific methods for 'position management' every day, and we can make money together 'steadily and surely'. Next time, I'll tell you the story of how I made 10,000 using the 'adjustment method', remember to check it out~
#加密市场反弹 $ETH
