As someone who has been in the crypto market for 8 years, let me tell you the hard truth: contracts are not something ordinary people can just casually touch! Don't be blinded by the myth of 'getting rich overnight.' In this market, money comes as fast as lightning, but goes away faster than a scumbag's change of heart.
Back in the day, I turned an initial investment of 300 into over 40 million and exited completely, and it was not due to sheer luck, but rather the 5 'life-saving rules' that I painstakingly figured out. You might think it's crazy: I split the 300 into 10 parts of 'suicide squad funds,' and each time I only used 30 to go for 100 times leverage. Yes, if I guess one point correctly, I double my money; if I guess wrong, I accept my loss and go to zero. Surviving such high-risk operations relies entirely on these rules to 'escort' me.
Let's splash some cold water first: many people treat contracts as a 'shortcut to success', but this is actually a 'life-and-death battlefield'! I have seen too many people charge in with their capital, only to be 'devoured' by leverage and greed in just a few days. It's not that they aren't trying hard enough; they just haven't figured out the 'temperament' of the market. Today, I'll publicly share my five iron rules; only those who understand can survive long in the market and not become the 'chopped leeks'!
1. Stop-loss should be more decisive than breaking up, never lingering.
When I first entered the market, I also made mistakes, always thinking 'the market will rebound', stubbornly holding on without stop-loss, and as a result, I got 'slapped by the market' — two direct liquidations. Later, I established a strict rule: as soon as it hits the preset stop-loss line, I immediately close the position with one click, never harboring any illusions! Accepting losses is painful, but it's better than risking all your capital; playing dead until the end will only lead to the market 'pulling you out by the roots'.
2. Trigger 'five consecutive losses circuit breaker', immediately shut down and lie flat.
The market sometimes has moments of 'brain storms', with trends so chaotic that one can't find their way. I had already set a 'circuit breaker' for myself: as soon as I incur five consecutive losses, no matter how reluctant I am, I immediately shut down the trading software, watch a drama if I need to, or go to sleep. Remember, when the market is chaotic, stubbornly fighting back is like delivering 'takeout' to the market; it's better to wait until the next day when the market has 'woken up' to take action, which will likely help you avoid more pitfalls.
3. 'Paper wealth' doesn't count as winning; securing profits is the real deal.
No matter how good the numbers in the account look, if you haven't withdrawn any to your pocket, it's all just illusion! I set an ironclad rule back then: every time I make 3000 yuan, I immediately withdraw half and put it in a safe wallet. The volatility in the crypto world is more thrilling than a roller coaster; one day you might be a 'millionaire', and the next day you could be back to square one. Only by securing profits can you make steady money in the market. Don't be greedy; otherwise, you might find that 'the bamboo basket is used to fetch water, only to return empty'.
4. Only chase the 'one-way express', do not get lost in the 'ranging maze'.
100x leverage can be an 'accelerator' if used correctly, but a 'meat grinder' if used incorrectly! My principle is: only trade in clear trending markets, treat ranging markets as 'spectators'. In trending markets, follow the trend, and leverage can help magnify your profits; but in ranging markets, back and forth will only lead to a quick zeroing out, no matter how high the leverage. When the direction is unclear, observing is not weakness, it's the choice of the wise.
5. Always 'reserve a hand' in positions, never go all in.
This is the core of my survival: each operation only uses 30 yuan, and the position never exceeds 10% of the capital! Many people see the market and get excited, throwing all their capital in, only to get forcibly liquidated by a small fluctuation. The benefit of light trading is that even if you make a wrong judgment, it won't hurt you deeply, and you can maintain a calm mindset to analyze the market. Remember, contracts are a long battle, not a gamble; as long as you have the green mountains, you'll have firewood to burn.
Let me emphasize once more: contracts are never a shortcut to wealth; they are a battlefield that tests mentality, discipline, and understanding. Opportunities in the crypto world are abundant every day, but traps outnumber the opportunities! Those who survive long are never the boldest 'reckless ones', but the 'old foxes' who understand 'self-preservation'. Follow me!
