$DOGE
Counting 4 little-known trading tips in the crypto circle
1. If you bought 10,000 U when a coin is at 10 U, and then bought another 10,000 U when it drops to 5 U, your cost at that point is 6.67 U, not the imagined 7.5 U.
2. If you have 100,000 and earn 1% daily before exiting, calculating with 250 trading days a year, your assets can reach 1,323,200 in one year, and after two years, you will have made 10 million.
3. If the probability of successful investment is 60%, and you invest 100 times in a row, setting both take-profit and stop-loss points at 10%, the final return rate will be 300%.
4. If you enter the market with 10,000 U, earning 10% each time, you can reach 1 million U on the 49th day, 10 million U on the 73rd day, and over 100 million U on the 97th day.
To achieve what is said above in practice, not a single person among ten thousand can do it, mainly because they cannot control the greed in their hearts. Let's not talk about spot trading today, but about contracts.
In contract trading, you must have your own position management and capital management, combined with your own risk tolerance to open positions. So, what is position management and what is capital management?
Position management, capital management: if you have 10,000 U, many new players or some seasoned investors use 20%-30% of their capital as the base position.
At that time, whether profit or loss will greatly affect your mindset, thus impacting the final outcome.
My personal habit is to use 2%-5% of the principal as the base position, with a leverage of 20 times. Those who casually use 100 times or even 125 times leverage are essentially courting disaster.
Whether it's futures, stocks, or crypto contracts, spot trading is a game of human nature; leverage amplifies one's greed. Everyone has their own greed, and if you infinitely amplify that greed, you will eventually be consumed by it.
Therefore, trading must involve your own capital management and position management; that is the foundation for long-term profitability.
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