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 I had 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 is recommended to be 20X. It is difficult for newcomers to control their mentality with too high a multiple. The remaining 900U is placed in the financial management account. If you lose all the 100U, you must not think that you can cover the position. If you lose all,
The first thing you need to do is to reflect and summarize, and then take a break for 1-2 days. Don't be afraid of missing out on the market, Bitcoin fluctuations can happen at any time. There are big fluctuations every month, and the more opportunities you have, the more you have to wait. After the adjustment, you divide the remaining 900U by 10 to make each 90U, and then invest again. This time you should be more careful and try to make the money back. Assuming that you make 300U this time, you can 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, and then 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, as long as you open 10X, if you are in the wrong direction, you will be liquidated if it drops by 10%. Even for BTC, a 20% fluctuation in a year is very normal. If you are fully invested every time, no matter how much you have earned before, it will be meaningless. In the end, it will all be zero. 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 once 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 add to your position, either do it immediately or wait until a major pullback is over and follow the pyramid method. When the margin profit exceeds 200%, set a 40% retracement stop profit for half and a break-even price stop profit for the other half. This is to protect profits and ensure that large profits will not turn into losses. Never trade when you are in a bad mood, feel depressed, or have troubles in your life. If you have lost money overall in the past 24 hours, you should also take a break for 2-3 days. Never go against the trend, reduce the frequency of trading, and look for the right time to enter the market. For the right trades, keep the bottom position as much as possible, because the right decision may continue to bring benefits.
Newbie suggestions:
[Powerful] Small capital, 30-50U starting position
[Powerful] High lever, 20 times leverage
[Powerful] Stop loss: Set a stop loss when entering the market, the stop loss is 20-30 dollars
[Awesome] Take Profit: Hedge Take Profit (profit retracement 30%, take profit strategy)
[Awesome] Profit withdrawal, deposit at least 500-1000 USD each time, don’t deposit too much.
Practice well and consider adding more positions
You only need to catch the rapidly rising or falling trends like People, Yfii, USTC, AR, etc., 50U can achieve 2000-9000U, and 200U can achieve more.
If you can’t find your direction in the cryptocurrency circle and don’t know what coins to buy, please find me at the top of my page and I will share more information and strategies related to the cryptocurrency circle for free.
