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I'm not a big shot in the crypto world; a few million in profit is just a drop in the bucket to others.
I'm just an old rookie who has been beaten up countless times in the market, numb from stepping on pitfalls.
Last year, a fan came to me, holding $1,500, saying he wanted to recover the money he lost.
I didn't talk to him about those mystical moving averages or MACD; I just gave him three pieces of advice I earned with real money.
This brother followed them for 90 days, and his account grew from $1,500 to $65k, never once liquidating his position.
These three "life-saving rules" can help you avoid detours, provided—
you have enough respect for the market.
Life-saving three rules:
1. Divide your money into three parts, don’t put all your eggs in one basket.
Split $1,500 into three parts, $500 each, and don’t move them.
First part: Guerrilla tactics. Trade short-term, open at most 2 positions per day, close the software immediately after, don’t linger.
Second part: Wait for the trend. If the weekly chart hasn't formed a bullish pattern or broken a key level, stay completely out of the market.
Third part: Emergency fund. Use it specifically for extreme spike situations to add positions; don’t touch it unless absolutely necessary to prevent losing all your principal.
$ETH
2. Only nibble on the most profitable trend.
Don’t try to eat from the beginning to the end.
Don’t go long on the daily chart; stay completely out of the market.
Only enter small positions after a volume breakout above the previous high and the daily chart stabilizes.
When profits reach 30% of the principal, take half off the table to lock in gains, and leave the rest with a 10% trailing stop to let profits run.
3. Lock in rules, zero emotions.
Write your plan before entering, set a stop-loss at 3%, and close automatically at the set time—no fuss.
When profits hit 10%, immediately move the stop-loss to the breakeven point to ensure no loss.
Turn off your computer at 12 noon every day; if you can’t sleep, uninstall the app—out of sight, out of mind.
It’s very effective for curing hand itch. $SIREN
Markets are always there, but if your principal is gone, it’s really GG.
Learn these three rules first, then start pondering wave theories and magical indicators.
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