$MYX Many people speculate on cryptocurrencies, always guessing ups and downs, staring at the market until they collapse.
The result is either a loss of profits or a total liquidation.
$PTB I am taking another path: not predicting the market, just doing probabilities.
In 2013, I entered with 5000U, and over the years, my account has steadily increased, with drawdowns always under control, relying not on luck, but on rules.
First rule: protect profits first, then talk about compound interest.
For every order, set stop-loss and take-profit at the same time.
When profits reach 10% of the principal, immediately withdraw half and use the remaining profits to continue rolling.
When the market is favorable, compound interest is taken; if it reverses, only profits are lost, the principal remains intact.
This step addresses the old problem of "earning but not being able to hold on."
Second rule: multi-timeframe coordination, staggered positions.
Look at the big timeframe for direction, and the small timeframe for entry and exit.
Once the trend is established, find the right position to enter.
If necessary, lay out two strategies for the same asset, with protection for both long and short positions.
Strictly limit single trade risk; in a volatile market, while others are being swept back and forth, I can wait for results.
Third rule: stop-loss is not failure, it's a cost.
I accept a low win rate, only pursuing a high reward-to-risk ratio.
Each loss is small, and when I profit, I try to let profits run.
Over the long term, the mathematical expectation is positive, and the account naturally grows.
Three execution disciplines: diversify capital; no single trade is too heavy; stop trading after consecutive losses;
Withdraw a portion to defend when the account doubles.
Remember this: the market doesn't fear your mistakes, it fears you losing all your principal in one go.
Treat trading as a probability game, and the exchange will naturally work for you.
If you are still stumbling around the crypto sphere, why not follow me and take a look? I'll pass you this lamp!
