The principal is only 2,000 U, yet in my mind I’m thinking about doubling overnight. Going to zero is only a matter of time.
When I manage a small account, the first thing I do is get them to put down the idea of “quickly getting back to even.”
Because once you’re anxious, when price goes up a little you’re afraid of missing the move, and when it drops a little you want to buy the dip. You’ll look down on gains of a few dozen U, but you won’t be willing to leave when you lose a few hundred U. In the end, you may not even need to experience a big crash—just frequent, messy trading can gradually grind the principal down to nothing.
At the 2,000 U stage, I only train three things:
Lighten your initial position; after confirming, then move.
If you don’t understand, stay in cash—missing it is better than chasing blindly.
When profits appear, take out part of them first.
For a small account, first check whether the drawdown is getting smaller, then see how much you’ve actually made. If you can’t even protect your principal, talking about “doubling” is meaningless.
If your capital isn’t much, and lately you keep losing control and placing random orders, send me your most recent three trades.
Call @川哥的加密日记 and I’ll help you figure out exactly how your money was worn down trade by trade. $IOST
When I manage a small account, the first thing I do is get them to put down the idea of “quickly getting back to even.”
Because once you’re anxious, when price goes up a little you’re afraid of missing the move, and when it drops a little you want to buy the dip. You’ll look down on gains of a few dozen U, but you won’t be willing to leave when you lose a few hundred U. In the end, you may not even need to experience a big crash—just frequent, messy trading can gradually grind the principal down to nothing.
At the 2,000 U stage, I only train three things:
Lighten your initial position; after confirming, then move.
If you don’t understand, stay in cash—missing it is better than chasing blindly.
When profits appear, take out part of them first.
For a small account, first check whether the drawdown is getting smaller, then see how much you’ve actually made. If you can’t even protect your principal, talking about “doubling” is meaningless.
If your capital isn’t much, and lately you keep losing control and placing random orders, send me your most recent three trades.
Call @川哥的加密日记 and I’ll help you figure out exactly how your money was worn down trade by trade. $IOST
