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#Crypto Survival Rules
The harshest truth in the crypto world:
People with thousands of dollars in principal always want to hit it big overnight, but they often lose the fastest.
#Must-Read for Beginners
Too many people enter with 1800U, double their money in three days, then lose everything in a week.
It's not that the market is bad, but they always want to go all-in, leverage to the max, and rely on a single gamble to get out.
True turnaround never depends on gambling.
First: Diversify to protect your life $EDU
Split 1800U into three parts:
600U for short-term trades, take profits and exit;
600U for trend-following, trade monthly;
600U stay idle as a bottom line.
Full position is gambling with your life; diversification is profit.
$RAVE
Second: Only trade markets you understand
80% of the market time is sideways, frequent trading only incurs fees.
Don't trade during sideways or choppy markets; wait for a clear trend before acting.
Capture a few main upward waves each year, better than daily reckless trading.
#Crypto Market Pullback
Third: Be an execution machine
Stop loss at 2%, exit when reached;
Take profits at 4%, lock in gains;
Never add to losing positions.
Drop emotional trading, so you won't be harvested by the market.
$UAI
Achieving tens of thousands from 1800U is not luck, but discipline.
Simple methods are the most reliable.
#Strategy: Increase Bitcoin holdings
Don't stress over a few hundred dollars; survive first, then have a chance to win.
Confused about trading? Follow the master, and you'll move forward steadily.