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#BinanceABCs Many people complain that the crypto world is like a casino, but that's not the case. Those who understand the rules never rely on luck; they depend on systems and discipline.
Today, I will share a true case with everyone.
As a newbie, I only had 1800 U in my account. My initial intention was just to try my luck, but in less than three months, my account skyrocketed to 37,000, and now it has stabilized at 75,000, with zero liquidations throughout the process.
His achievements come from the three core strategies I developed from growing 5000 U to an eight-digit accumulation.
**Living is more important than anything else**
The first pitfall is going all in. Never let your emotions take over and throw all your assets in.
My suggested plan is to divide 1800 into three parts, each with 600: one part for quick intraday trading (one trade per day, take profit when seen), one part for swing trading (operating once every ten days, capturing large cycle fluctuations), and the last part as a base position (stable and unmovable, it's a lifeline).
Most people enter the market with their entire position, and when the market reverses, they get liquidated immediately. They don't even have a chance to survive, let alone talk about profits.
The first lesson in the crypto world is: stay alive first, then there is a possibility of doubling.
**Trends are where the money is**
The market spends 80% of the time in boring sideways movement. Frequently making trades during this time is basically just paying fees to the exchange.
Smart people wait for the moment when the trend becomes clear.
Don't be greedy even when you make money. When profits exceed 20%, secure 30% first to ensure you have something tangible. True veterans are not those who stare at the charts every day, but rather those who capture an entire segment of market gains with each move and then patiently wait for the next opportunity.
**Emotions are the killer of trading**
Short-term losses are not scary; what is scary is panic and greed.
The three iron rules I set for him:
Lose 2% and admit defeat, exit immediately, and do not hesitate. Protect the remaining 98%, which is a hundred times more important than pursuing 100% profit.
Take some profits after earning 4%, to protect part of your gains. Don't wait for it to skyrocket; greed often reverses the fastest.
Absolutely prohibited to average down. This is a breeding ground for emotional trading, and a single average down can ruin the entire trading plan.
Replace intuition with rules, and let funds grow steadily step by step. The positive feedback from the market will automatically come to you.
Once upon a time, a person was bumping around in the dark, but now there is a light. The light is always on, are you keeping up?
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The iron rule of averaging down hit home, how many people have sent themselves away with just one averaging down
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First survive, then talk about doubling; I’ve heard this a lot, but it’s just not achievable, greed is truly a terminal illness
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80% of the time just sideways and still moving my hands every day, I’m just that fool giving the exchange trading fees
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Reducing position after four points? Too conservative, I usually wait until it triples before I’m willing to throw it away, and you can all guess the result
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Wow, zero forced liquidation is amazing, last time I was fully invested and it was gone in half an hour
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I actually knew this way of distributing positions early on, the difficulty lies in whether I can control my hands during execution.