Tips for Making Money Without Liquidation! 99% Accuracy!

First:

Focus on one cryptocurrency, only trade Bitcoin!

Don't trust those altcoins*, and don't be greedy. Coming to the crypto market is for making money, not for losing it. I used to trade many coins at the same time, and the result was either liquidation or significant losses, or I was always stuck in positions.

Second:

Always set stop-loss orders when opening positions; set distant stop-losses for large market fluctuations and closer stop-losses for small fluctuations.

You can choose not to take profits, but you must have stop-losses. No one can predict when the market will soar or plummet. If your stop-loss is well set, even in extreme situations, you can protect most of your principal. Don't avoid setting stop-losses because you're afraid of losses, or fantasize about being able to break even immediately when you're stuck; such thinking is too naive.

Third:

Set your liquidation price far away; it's best to cut in half before cutting again.

Have a plan for increasing your position; don't do it blindly.

After opening a position, the remaining principal should be enough to increase your position four times. For example, use $30 for the first increase, $60 for the second, $120 for the third, and $240 for the fourth. This way, you can average your entry price, and if the market adjusts favorably, it becomes easy to break even or even make a profit.

Fourth:

Open a hedge with the same coin, use it only when you are in a desperate situation.

If you've done the previous steps well, opening a hedge doesn't make much sense. But remember, this method can only increase your position once, so it's essential to be clear about whether you're opening a hedge or increasing your position for the fourth time.

Fifth:

Don't use different coins for hedging.

Some people like to use several similar currencies for hedging in contracts, which is highly inadvisable. It's already difficult to understand one coin; adding another complicates the operation, ultimately trapping you in a cycle.

Sixth:

Open positions based on bull and bear markets; don't go against the trend.

In the early stages of a bull market, don't easily open short positions; in the late stages of a bull market, don't easily open long positions. Don't let intraday market conditions affect your judgment, resulting in poor decisions.