Recently opened practice orders, although not earning much, but I am very happy. I also have work and life, and I don't keep staring at the market, otherwise it will be very easy to get anxious and open orders randomly.
Of course, there were also times when I made very bad trades and got stuck due to random trading, but I set a stop-loss within my own acceptable range. There were also situations where the stop-loss was not set well and got hit precisely.
But setting a stop-loss is really useful; at least it prevents you from getting wiped out when the market moves against you unexpectedly.
In short, there is still a lot to learn. I will practice with small orders and only increase the capital when I truly feel confident. When the position size is small, the mindset is really good; basically, you won't lose money, but I am also afraid that when the position size increases, I might panic at certain moments. I will slowly work on controlling my mindset.
I am also gradually buying some spot assets now, taking it slow, and I will eventually make money. Why do I have to force myself to keep opening orders? I don't think everyone is hoping to trade to cover their New Year expenses. If that's really the case, the money might end up in the hands of those who are prepared.
That's enough rambling. Keep developing steadily~
$ETH btw, I think Ethereum is really friendly to beginners, you can trade with as little as 1 or 2 USD leverage, and the minimum trading amount is only about 20 USD. If you really can't control yourself from trading, you can start with 0.1 USD and see if your judgment is correct at that moment. It's like a simulation practice.
It's been exactly eight months since I entered the crypto world. To be honest, I've forgotten where I learned about and downloaded Binance. Like most newcomers, I came in with the mindset of improving my life or getting rich quickly. I initially deposited only 50 U, as I was somewhat cautious about a completely unfamiliar platform. Then I played with spot trading casually but had no clue what I was doing. I didn't filter the 'teachers' in the square, leading to blind confidence and joining some free groups. Then some groups required a minimum balance of 500 U to join, if I remember correctly. After verification, they would let you in. I deposited more since it was my own account. Once inside, the so-called 'teachers' shared some entry strategies, and I remember they also claimed to have a VIP group with a membership fee of exactly 500 U, which is highly correlated, I can only say, haha.