A while ago, a friend came to chat with me. He had about three thousand yuan and said he wanted to dip his toes into the crypto space, asking if I had any leads.


I didn't rush to teach him how to make money. Instead, I asked a very direct question: "Do you want to experience it, or do you want to gamble?"
Three thousand yuan is not a lot, but it's not a small amount either. Converted to USDT, it's about four hundred, which is actually in a pretty delicate spot — enough to practice, but not enough to mess around carelessly. Once the rhythm is off, it's easy to just blow up the account$HOT
I told him not to think about doubling up first. Instead, break down the four hundred USDT into four parts, using one hundred USDT each time to test the market. If you lose, stop. Don't add, don't chase, and don't trade emotionally.
At this stage, the focus is not on making money at all. It's about figuring out "how much loss you can accept" first$TLM
I didn't give him too many fancy entry rules either — just two conditions: one is the emotional recovery after a sharp drop, and the other is a structure that has just started moving. At other times, basically treat it as if there's no market.
Open a position with one hundred USDT, keep leverage within 10x. Simply put, don't kill yourself right off the bat; first learn to survive.
He also asked at the beginning, "How much profit counts as success on the first trade?" I said at this stage, don't focus on profits; first see if the process follows the rules$CAP
Whether to enter, whether you waited for the signal, whether you stopped when losing, whether you took profit when winning — getting these right is more important than how much money you make.
Later, he made a round and turned one hundred USDT into over two hundred. Actually, the amount is not big, but the rhythm was right. This is more critical than the result, because it's the foundation for whether you can scale up later.
Next, I had him do something quite important: once the principal doubles, withdraw all of it and only keep the profits to keep rolling.
Many people's problem lies here: they don't take profits after winning, and then a final wave of drawdown gives all of it back to the market.
The essence of the crypto space has never changed — there's no shortage of opportunities; what's lacking are people who can stick to the rules.
In the end, what you lack is not capital, but the ability to let a small amount of money survive first$BTC
BTC0.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned