Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

When newbies first get into the crypto world, they love to fantasize about making a fortune overnight 💸? Wake up, first complete the course on "staying alive" and then talk. Holding 1000U? If you follow this path, you won't lose much.



**The first thing: break the money into pieces to play**
Cut 1000U directly into 5 pieces, taking only 200U to the table each time. Leverage? Capped at 20 times, don't go higher. I've seen too many people play with 50 times leverage; a slight fluctuation in the market, and their mindset collapses into dust. What about the remaining 800U? Stuff it into an investment account and lock it, treating it as if it doesn't exist.

**What to do if I lose 200U?**
Don't rush to add to your position! Stop, review, take a day or two off. Opportunities come every day, but once the money is lost, it's really gone. Take a breather, split the 800U into 5 parts, investing 160U each time. One word: steady. Earning back slowly is a thousand times more reliable than rushing to recover losses.

**Making money also requires knowing how to take it**
Assuming you earned 300U, keep 100U to continue snowballing, and what about the other 200U? Withdraw it immediately 💰. This is what we call truly cashing out. Full position all in is the retail graveyard - with 10x leverage, if the direction reverses by 10%, it directly blows up, while a 20% fluctuation in BTC in a year is quite normal, blowing up once means all previous efforts are in vain.

**Experts never rely on win rates**
A 60% win rate is enough to live well; the key is to understand position sizing and know when to cut losses. Remember these points 👇

- **Position Rule**: Do not exceed 2% of total funds in a single loss; if you lose three consecutive trades, take a break for two days; if a single loss reaches 6%, close the position immediately. For profitable contracts, set a breakeven take profit, and lock in half the profit once the margin doubles.
- **Mindset Management**😌: Never open a position when emotions are high and you're numb from continuous losses. Don’t go against the trend; avoid chasing uptrends and selling on downtrends. Waiting for the right opportunity is always steadier than rushing into the market.

**⚠️ Final Reminder**
Contracts are a double-edged sword; while cutting others, you can also cut yourself. Starting with a small amount of 300-500U is enough, and leverage should be controlled within 20 times. If you lose 200-300U, cut your losses decisively. Set a trailing stop for profits (close the position if profits haven't reached 30%).

Remember to take your profits; don't bet all your chips in the market. The market doesn't lack opportunities; what it lacks are those who can play until the end.
BTC7.3%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
DancingCandlesvip
· 12-02 04:50
That was really amazing. I have to mark this move of locking 800U, too many people are just greedy and put everything in.
View OriginalReply0
PoolJumpervip
· 12-01 02:45
This guy is so right; I have seen too many people go all in and directly blow their account, it's tragic.
View OriginalReply0
CryptoTarotReadervip
· 11-30 19:50
Wow, this is real experience! Too many newbies are just too greedy, trying to swallow an elephant.
View OriginalReply0
ForkTonguevip
· 11-30 19:49
You are absolutely right, those who only think about getting rich overnight have ended up in the hospital.
View OriginalReply0
BlockBargainHuntervip
· 11-30 19:48
You are right, too many people are greedy, and as a result, they get liquidated.
View OriginalReply0
AlwaysQuestioningvip
· 11-30 19:44
Wow, finally someone said it clearly, I am that fool who went all in and got wrecked.
View OriginalReply0
BridgeJumpervip
· 11-30 19:38
Indeed, living is the top priority, don't spend all day dreaming of soaring high.
View OriginalReply0
SerumSurfervip
· 11-30 19:34
Wow, this position management is real. I used to be greedy and go all in, and ended up getting wrecked. Now I've learned to be smart, it's still nice to play it safe.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)