In the crypto world, the difference between getting rich and going bankrupt is just a thought; making money can vanish in an instant.
Losing everything is also just a moment. It can be said that "a thought can lead to heaven or hell."
I went from 3000U to over 50 million, relying not on luck, but on five iron rules for position management.
Trading is a double-edged sword that can take you to the top or lead you to ruin.
But as long as I adhere to these five iron rules, I can stand firm in the market!
1. If wrong, cut losses immediately, do not hesitate.
Don't fantasize about waiting for a rebound; the market will never show mercy. As soon as you hit the stop-loss point, exit immediately. Accepting losses is always more dignified than going bankrupt.
2. If you make five consecutive mistakes, stop decisively.
In a chaotic market, stubbornly holding on is a sure way to die. Set up a circuit breaker for yourself; if you make five consecutive losses, turn off the computer and exit. The market will often become clearer the next day.
3. Withdraw profits as you earn, securing gains.
Account numbers are just illusions; not withdrawing can lead to evaporation at any time.
For every 1000U earned, withdraw at least half; securing money in the account is real profit.
4. Only chase trends, avoid volatility.
In a one-sided trend, leverage is a money printer; in a volatile market, it’s a meat grinder.
When there's no direction, it’s better to lie flat than to operate blindly. Wait for the trend to become clear and then strike decisively.
5. Position size should not exceed 10% of principal.
Don’t be greedy with full positions; to win, you must first survive. Only move 300U each time, which allows for manageable losses and stable wins. A lighter position leads to a steadier mindset and more decisive actions. #Crypto Market Observation
Remember, the crypto world is never a fast lane to overnight wealth; it’s a long-term battle for survival.
Don’t wait until after a bankruptcy to regret; engrave these five iron rules into your bones to laugh last in the market.
Sister Juan only does real trading, no empty promises. The team still has vacancies; if you want to learn the methods and turn your fortunes around, join us and let’s get to work together! #Bitcoin mining difficulty decreases