1. If you are bad, you need to know yourself
Don't try to make mistakes with a small amount of money with the mentality of getting rich quickly: many people have a miserable life in reality. They don't even know how to calculate their positions, but they come to the cryptocurrency circle to gamble and get tens of thousands of dollars. They open a 10x leveraged shuttle with a full position. How can they have a good mentality? If these people don't lose, who will lose? Take out the money that you won't feel bad if you lose it all; or take out your risk-free profit and divide it into several or dozens of shares to learn from the market; hundreds or thousands of dollars are fine, just pay the tuition.
2. Even if the funds are small, risk control must be implemented and strategies must be strictly implemented
Develop good habits, the maximum drawdown of a single transaction is 2~3%, and the maximum is 5%. If you don’t have the habit of admitting your mistakes, if your position becomes larger in the future and you encounter an incident where Luna returns to zero on 312 or 519, you will be finished.
3. Withdrawal of small capital is also required
Keep it as tuition in the future, and then continue to play with hundreds or thousands of dollars; if you lose, continue to add some pocket money/risk-free profit. With risk control, even if it is only a few hundred dollars, you can play for a long time, accumulate considerable experience without spending much money, and have a better understanding of your ability level.
4. When your trading account can survive for half a year without continuous top-up, and has a certain profit and a good capital curve, then consider increasing your position by 2~3 times. After going through 3 rounds of such tests, then consider whether to take a large position to trade full-time in the cryptocurrency circle.
It is estimated that this process will make many people very painful and confused, and they will realize that they are not cut out for trading, and eventually give up this path. But this is a good thing. To be successful in trading, one must sacrifice thousands of lives. The big guys who treat the secondary market as an ATM climbed up by stepping on a pile of dead bodies. The difficulty of trading success is no less difficult than the difficulty of getting into a prestigious school, entering a big company, and getting a promotion and salary increase in reality. In the end, if you get addicted to the pleasure of all-in and ruin your life, it is really not worth it. To succeed in subjective trading, the opportunity cost is too high. If you don't have absolute confidence and courage, and are tortured to death by the K-line every day, it's really better for you to be more diligent and run a few more takeouts, and the running errands will also be quite a lot.
I say again, if you don’t know what to do in a bull market, click on my avatar and follow the pinned content, bull market spot planning, and share it for free.
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