100U tactics for newbies, a must-have for beginners
Recently, many new fans in the cryptocurrency circle have asked me how to trade with limited initial funds (for example, within 1000U). Today, I will share with you a simple and practical 100U tactics to help you get started steadily.
Assuming that you have an initial capital of 1000U, it is recommended to divide it into 10 parts and invest only 100U in each transaction. For the leverage multiple, it is recommended that newcomers choose a relatively low 20 times to facilitate mentality management. The remaining 900U can be deposited into a wealth management account for subsequent replenishment or emergency use.
During the transaction, once all 100U lose money, be sure to stay calm and don't rush to replenish the position. At this time, what you need to do is to reflect on the transaction process, summarize the reasons for the mistakes, and rest for 1-2 days, waiting for new trading opportunities. Remember, the Bitcoin market fluctuates frequently, and there are opportunities every day. The key is whether you are ready to seize them.
After adjusting your mentality, you can divide the remaining 900U into 10 parts again, and trade 90U each. Be more cautious in this transaction and try to make back the lost funds. Assuming that you successfully make a profit of 300U, it is recommended to keep 100U as profit and transfer the remaining 200U to reduce psychological pressure.
In contract trading, position management is crucial. Even with 10x leverage, if the direction is misjudged, your position may explode once the price fluctuates by more than 10%. Therefore, be sure to keep a light position and avoid full position trading. A good trader can achieve stable profits through reasonable position management even if the success rate is only 60%.
In order to reduce risks, it is recommended to learn trading knowledge, master market rules, and set stop loss and take profit points in transactions. Stop loss can help you control losses, while take profit can protect your profits from being swallowed by market fluctuations. In addition, when the overall loss reaches a certain proportion (such as 2%), you should be alert in time and consider reducing or clearing your position.
For newcomers, it is recommended to start with small funds and high leverage, and gradually become familiar with the market rhythm and trading strategies. At the same time, maintaining a good attitude and sufficient patience are also the keys to successful trading. In trading, do not blindly chase rising and falling prices, but flexibly adjust strategies according to market conditions.
Finally, I remind you to stay calm and rational in trading, and don't be swayed by market sentiment. Through continuous learning and practice, I believe you will be able to achieve good results in the cryptocurrency circle.
As your cryptocurrency guide, I will continue to provide you with in-depth analysis and practical suggestions. I am only a free blogger, just to grow with you. Let's explore the cryptocurrency circle together and find your way to wealth! Follow me and let the road to the cryptocurrency circle no longer be confused
