A fan came to me with an account of 1500U, saying he wanted to turn things around and break even.
I didn't discuss indicators with him, nor did I talk about any advanced strategies; I just gave him three rules that I learned through losses.
Three months later, his account grew to 50,000U, and he never blew it up once.
These three rules are, to put it bluntly, the "lifelines." Whether you can use them well depends on your respect for the market.
First rule: Segment your funds; don’t die first, then talk about making money.
Split 1500U into three 500U:
The first part is for short-term trading, with a maximum of two trades per day; once you’re done, walk away; being greedy just makes things worsen;
The second part waits for trends; if the weekly chart is unclear, lacks volume, or doesn't break key levels, it's better to stay out;
The third part is your trump card; during extreme volatility, add margin, at least you can remain in the game.
I once blew my entire account and truly understood: blowing up means losing your capital, and without capital, you’re out.
Second rule: Only take part of the trend, and play dead the rest of the time.
Choppy markets are the most punishing; I suffered the worst losses in this area in my early years.
Later, I recognized a few conditions:
If the daily chart hasn't formed a bullish structure, I resolutely don’t trade;
Only try small positions when there’s a volume breakout at key levels;
When profits reach 30% of the capital, secure a portion of the gains, and use trailing stops to protect the rest.
You don’t need to eat all of the market; only what you actually take counts.
Third rule: Zero out emotions and execute like a machine.
Write a plan before opening a position, then stick to it:
Stop loss at 3%, exit when hit;
Profit exceeds 10%, move the stop loss to breakeven;
Close the software at a fixed time every night; staring too long will only confuse you.
The market's harshest element isn't volatility, but uncontrolled emotions.
In the past, you might have been testing the waters alone in the dark, but now the light is right here.
Follow Xiang Ge to understand more firsthand information and precise points on cryptocurrency knowledge! #特朗普缓和局势 #国际油价下跌 $ETH
I didn't discuss indicators with him, nor did I talk about any advanced strategies; I just gave him three rules that I learned through losses.
Three months later, his account grew to 50,000U, and he never blew it up once.
These three rules are, to put it bluntly, the "lifelines." Whether you can use them well depends on your respect for the market.
First rule: Segment your funds; don’t die first, then talk about making money.
Split 1500U into three 500U:
The first part is for short-term trading, with a maximum of two trades per day; once you’re done, walk away; being greedy just makes things worsen;
The second part waits for trends; if the weekly chart is unclear, lacks volume, or doesn't break key levels, it's better to stay out;
The third part is your trump card; during extreme volatility, add margin, at least you can remain in the game.
I once blew my entire account and truly understood: blowing up means losing your capital, and without capital, you’re out.
Second rule: Only take part of the trend, and play dead the rest of the time.
Choppy markets are the most punishing; I suffered the worst losses in this area in my early years.
Later, I recognized a few conditions:
If the daily chart hasn't formed a bullish structure, I resolutely don’t trade;
Only try small positions when there’s a volume breakout at key levels;
When profits reach 30% of the capital, secure a portion of the gains, and use trailing stops to protect the rest.
You don’t need to eat all of the market; only what you actually take counts.
Third rule: Zero out emotions and execute like a machine.
Write a plan before opening a position, then stick to it:
Stop loss at 3%, exit when hit;
Profit exceeds 10%, move the stop loss to breakeven;
Close the software at a fixed time every night; staring too long will only confuse you.
The market's harshest element isn't volatility, but uncontrolled emotions.
In the past, you might have been testing the waters alone in the dark, but now the light is right here.
Follow Xiang Ge to understand more firsthand information and precise points on cryptocurrency knowledge! #特朗普缓和局势 #国际油价下跌 $ETH
