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Recently, many brothers have asked me, with less than $1,000 in funds, what should I do.
My answer has always been very straightforward: don't think about flipping the account first, think about how to survive.
Many people come in and focus on "doubling, getting rich quickly," but as soon as they start, they see 50x, 100x returns, the account looks exciting, but in reality, they are quickly sending themselves out of the game. #特朗普Meme币涨7.9%
The true enemy of small funds is never a lack of opportunities, but the ease of getting overly excited.
If I only have $1,000, my approach is simple: split it up and use it, only move a small portion at a time, like $100 to try and error.
The purpose of this is not to be conservative, but to give yourself "another chance."
Leverage is the same; it doesn't need to be extreme, controlling within 20X is enough to cover most fluctuations. #Gate现货交易量增幅全球第一
You're not competing to be the bravest, but to see who can stay in the game.
Many people's problems are not that they don't know how to trade, but that they don't know when to stop.
Losing money and trying to make it back, making mistakes and trying to hold on, increasing position size to recover after a loss—these actions may look like "turning things around," but in fact, they are speeding up your zeroing out. #美伊谈判第一轮结束
I always emphasize a few simple but difficult principles:
Before entering, think about the maximum loss you can accept, and accept it when it happens;
When you reach a certain profit, take some of it out, don't let your account go on a roller coaster;
When experiencing consecutive losses, stop instead of forcing it;
When your state is off, prefer to be out of the market.
These things may sound dull, but they determine whether you can survive the next cycle.
In trading, at the end of the day, it's not about who makes money faster, but who can survive longer. $ETH
The market is always there, the opportunities are always there, what is truly lacking is not the market conditions, but the people who can still stay in the market.