Less than 1,000 U in principal? Don’t start dreaming about getting rich just yet. First ask yourself: when will you take profits, and when will you cut your losses?
If you have less than 1,000 U in principal right now, let me be honest with you: stop obsessing over getting rich and figure out how to survive first.
Last year, I helped a friend who started with 900 U reach 100,000 in six months. He never blew up his account or experienced huge swings. He didn’t use some magical strategy—just these three simple rules.
Split up your money. Divide 900 into three portions. Use 300 for day trading, with no more than one trade a day. Set aside 300 for swing trades—you might only use it once every two weeks. The remaining 300 is your emergency fund. Even if you lose the first two portions, you can still recover. Splitting up your money spreads out the risk. Going all in isn’t being bold; it’s suicide.
Only take trades you understand. Eighty percent of losses happen in sideways, choppy markets. Can’t tell which way the market’s headed? Stay out and wait. Better to miss an opportunity than lose money blindly. The market won’t offer opportunities every day, but you need to keep your principal intact every day.
Set firm rules. Don’t get emotionally attached to the market. Set a 2% stop-loss and exit when it’s hit, as naturally as eating or drinking. At 4% profit, sell half and lock in your gains. When your account is up 20%, immediately withdraw 30%. If you lose, accept the loss—never add to your position to try to make it back. That’s the trap nine out of ten retail traders can’t climb out of. Don’t gamble, don’t stubbornly hold on, and don’t lie to yourself.
His account is now at 100,000. More importantly, he no longer has to stay up all night watching the charts. He spends ten minutes or so checking in each day, then gets on with his life.
If you want to turn things around, remember this: as long as you still have your principal, you still have opportunities. Splitting up your funds, waiting for the right moment, and keeping your hands in check may not sound exciting, but they can save you years of losses. In crypto, the fastest way forward is to slow down first.
I’ve explained how to split your funds into three portions and whether to exit when you hit 2% in @波段王龙哥 . If you still have less than 1,000 U but want to go all in, leave your current amount in the comments. I’ll only tell you which portion to use for this trade—not what the next coin to make you rich will be. #AGT