How to make money in the cryptocurrency circle, a strategy for newbies with 100U, a must-read for novices
Recently, many fans mentioned that they just started playing and didn’t know how to operate. The funds they just entered were less than 1000U, and asked me if there were any good strategies. Today I will share my suggestions.
For example, if you have 1000U, divide it into 10 parts, and invest 100U each time. The leverage recommendation is 20X. It is difficult for newcomers to control their mentality with too high multiples. The remaining 900U is placed in the financial management account. If you lose 100U, you must not think that you can make up for it. If you lose it all,
The first thing you have to do is to reflect and summarize, and then take a break for 1-2 days. Don’t be afraid of missing the market, Bitcoin fluctuations are always possible. There are big fluctuations every month, and things with many opportunities depend on whether you have the life to play. After the adjustment, you divide the remaining 900U by 10 to 90U per share, and then invest again. Be careful this time and try to make the money back. Suppose you make 300U this time, you keep 100U and transfer the remaining 200U. In this way, you will feel at ease and your mentality will be much better. Don't invest all of it. In the end, a black swan appears in the market, then you will lose it all at once. Start from the beginning again.
Objectively speaking, for contract trading, just open 10X. If you are in the wrong direction, you will be liquidated if it falls by 10%. Even if it is BTC, a 20% fluctuation in a year is too normal. If you are fully invested every time, then no matter how much you have earned before, it is meaningless, and it will all be zero in the end. If you often walk by the river, no one can guarantee that you will be right every time. For a great trader, a 60% success rate is very impressive. Therefore, position management is very important. Even if you have a 90% winning rate, a mistake will make you fall into ruin.
Learn trading knowledge, practice light positions, and reduce losses. Most people lose money in trading because they don't understand the market well enough and don't know how to control their positions and manage risks. Therefore, avoid adding positions when you feel bad, and reduce or close positions instead. If you lose more than 2% of your total funds in one day, you should be alert. When the loss reaches 6%, clear all losing contracts and set a break-even price stop profit on the profitable contracts, and rest for at least 2-3 days. Chasing the rise is dangerous, so don't blindly chase the rise unless the market conditions are clear. Be cautious when adding positions after making a profit, especially after a large profit, as adding new positions often leads to failure.
If you want to increase your position, you should either act immediately or wait for the major correction to end and follow the pyramid increase method. When the margin profit exceeds 200%, half set a 40% retracement take profit, and the other half set a breakeven price take profit. This is to protect profits and ensure that large profits are not turned into losses. Never trade when you are in a bad mood, feeling depressed or have troubles in your life. If there is an overall loss in the past 24 hours, you should also take a rest for 2-3 days. Never operate against the trend, reduce trading frequency, and look for the right time to enter the market. For the right trades, keep your position as low as possible, because the right decision may continue to bring profits.
Suggestions for newbies:
[Awesome] Small capital, 30-50U starting position
[Awesome] High lever, 20 times leverage
[Awesome] Stop loss: Set a stop loss when entering the market, and the stop loss is a loss of 20-30 knives.
[Awesome] Take profit: Hedging take profit (30% profit retracement, take profit strategy)
[Awesome] Profitable withdrawal, deposit starting from 500-1000 US dollars each time, don’t make too much.
I’m getting good at it, and I’m considering adding more positions.
As long as you catch the rapid rise or fall of the market like People, Yfii, USTC, AR, etc., 50U can achieve 2000-9000U, and 200U can do more.
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