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Cryptocurrency is not a casino, but a new frontier of value driven by technology! How can you cultivate your own trading path?
Here is a true story of a fan I personally mentored. When he first entered the circle, he only had 500U, with the mindset of just trying it out and not expecting much.
As a result, he lost 20,000U in three months. Duoduo started with a principal of 1,500U and earned up to 50,000U. Now he has steadily accumulated his first pot of gold at 50,000U, with 10,000U in contracts for compound interest, and 40,000U in spot trading. His progress is entirely due to copying my position-splitting method!
1. Position splitting is the minimum bottom line for surviving in the crypto circle. Most people start with full positions, and when the market dips, their mentality collapses, they go crazy with C2C trading, and get wiped out completely.
I told him to split the 1,500U into three parts, each 500U. He only makes one trade per day in the intraday position, taking profits and then exiting, avoiding greed. For swing positions, he only trades once every ten days or half a month, holding the trend bottom position forever, to "prevent zeroing out," giving his emotions a safe baseline. Remember one thing! People who are fully invested have no right to talk about profits; they can't even survive.
2. Only seize trend opportunities, and avoid messing around in sideways markets. $BTC 80% of the time in the crypto circle is spent sideways. The more you want to "make money daily with technical analysis," the easier it is to become "paying tuition to the market every day." When the opportunity comes, take action. Win rate, risk-reward ratio, and sustainability all double!
My simple requirement for him:
If a single trade yields more than 20% profit, take out 10% first and lock in the gains. Those who truly make money are not high-frequency traders.
They either do nothing or ride a trend all the way.
3. Emotions are the enemy; rules are the support. The crypto circle is not about IQ, but about execution. Every short-term trade intraday, avoid greed and always profit! Reset your mindset! Whether you can make money in crypto never depends on the market. Have you been struggling and losing repeatedly? Follow Duoduo to help you turn from a rookie to a winner! #钱多多u牛逼Gate