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I want to get into the crypto world, but I only have 10 dollars as capital. How should I start?
Increase your capital to around 70 dollars, which is exactly 10 USDT. A 10U warrior.
First step: find an opportunity and enter with half position – 5U margin with 100x leverage can buy 0.2 ETH. You get liquidated if it moves 20 points against you. At least double before exiting. If liquidated, you still have one more chance. If not, take 50+ points and exit.
This gets you to 20U. Then with 10U margin continue, do it again and you reach 40U. Then with 20U margin continue, do it again and you reach 80U. Three consecutive successful trades take you to 80U. After 80U, split into positions – 10U each time, take it slow, you can afford 8 mistakes. Take your time, within a month you can basically reach 200U.
After one month, split into 10 positions, 20U each time. In one month, you can reach 1000-2000U. After reaching 1000U, split into 20 positions, 50U each time. Before 1000U, use isolated margin and set precise entry points. After 1000U, you can use cross margin with proper position management. It only takes 2-3 months to go from 10U to 1000U.
After 1000U, it's all about your position management, whether you can resist temptation. Most people fail because of overconfidence and full position trading – they get liquidated instantly and lose any chance thereafter. Don't rush in trading; take it slow. If you're impatient, you'll definitely get liquidated. If the direction is against you, admit it, don't hold onto losing positions. Admit your mistake, face the consequences, and be friends with time!
Of course, if you really only have 10U, then forget what I said.
If you are still repeatedly losing and starting over, come talk to me; I'll teach you to make trading simple.
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