The reason why most people lose money is because they are too greedy and have a strong gambling component. They don’t stop taking profits when they should, and are reluctant to cut losses when they should. They are full of confidence when they make a little profit occasionally, but lose all the previous profits when they suffer a loss later. Are you like this too?
Without further ado, let's go straight to the plan:
Plan 1: Use small capital to gain big profits. It doesn’t matter if you lose this small capital. Open a sequential position instead of a full position.
For example, if you invest 100U, you can get the highest multiple, as high as possible. As long as it reaches 100% and you can earn 100U, you can stop. Invest 55% of the profit each time for the next investment, and take out 45% of the profit, and so on.
The risk is high, but the return is huge. Even if you lose, it is only the initial capital of 100 US dollars. (This small amount of capital must be your own small capital, the kind that you would not feel bad about throwing into the river, otherwise don't try it)
Next, take steady steps:
Plan 2: 1,000 USD capital, stable investment method, only open 10-20 times light position so-ha.
Pick a coin, trade it once a day, set a stop loss of 5-10% (the stop loss depends on your tolerance) and a take profit of 15-20%. Of course, you can't always reach that high, so a lower point of 5-10% is also OK. (Don't chase high blindly, it's good to make a profit)
Just keep trying with this $1,000 capital. Even if you fail, you can try again. Don’t lose all the $1,000 so you can try again. (Try not to let your capital shrink.)
After each success, 55% will be reinvested, and 45% of the profit will be used as a reward for yourself. (You must take out the profit, no matter how low it is, you must take it out according to your own preferences, and you must reinvest, compound interest is really powerful.)
The returns may not seem high, and the risks are average, but they will increase over time. (Don’t be disgusted if the returns seem low at first, because when you reach a certain level, the returns will grow exponentially.)
Plan three: Based on Plan two, as long as Plan two can generate stable long-term profits, 10% of the profits can be drawn to make a bet similar to Plan one, but it only makes sense to open a position with the highest multiple if the increase is more than 50%, which will not affect the principal.
For example, if you use the plan to make a profit of 1,000 US dollars, and use 100 US dollars to invest in small currencies, it doesn't matter if you lose money, but if you make 50% or 100 times, that's 5,000%. If you make 5,000 US dollars with 100 US dollars, even if it's not 100 times, 50 to 70 times the profit is also very generous.
But don't be too greedy to keep trying to gamble. You must earn enough profit based on plan 2 and then withdraw a small part of the funds to try. (You must use a small amount of the profit, 5% is also OK, it depends on your preference, but don't gamble all the profit, it's not advisable, it doesn't matter if the small amount of money is lost)
The above is only my personal investment philosophy and does not constitute any investment advice. Please do not criticize me if you do not agree.
Long-term stable profits are the key. Don’t blindly pursue huge profits, as the end result of huge profits will most likely be zero.
Finally, learning is still very important. Don’t just buy and sell, learn to observe the market.