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The crypto world is full of unpredictable changes, money comes quickly like a gust of wind, and losses can be as sudden as a flash flood.
I went from 5,000U to 200,000U, not relying on luck, but by remembering five "life-saving iron rules," becoming an "immortal bird" in the game of this double-edged sword of contracts.
1. Cut losses decisively.
Don't hold onto false hope of recovering losses; the market is ruthless. When reaching the preset stop-loss point, execute immediately. Losing small amounts preserves your vitality, giving you a chance to bounce back.
2. Avoid consecutive mistakes and circuit breakers.
When the market behaves strangely, don't blindly fight it. Set up a "circuit breaker mechanism"; after five consecutive wrong trades, close the software, go out and relax, and wait until the next day when you're clear-headed to fight again. This often turns the tide.
3. Profit-taking and withdrawal.
Account figures are just illusions; not cashing out is pointless. For every 5,000U profit earned, withdraw at least 3,000U. Having the money in hand is true profit.
4. Follow the trend.
In a one-sided market, high leverage is a cash machine; in a choppy market, it becomes a money shredder. When the direction is unclear, stay in cash and wait. When the trend is clear, go all out.
5. Control your position size.
Full-position gambling is the behavior of a gambler. Try only 10% of your position each time. Only when you can afford to lose will you wait for victory, and your operations will be more calm and confident.