Is your principal less than $5,000?

Learn to protect your life first, then talk about getting rich quickly. #Gate13周年现场直击

The year before last, I guided a brother, starting with $3,000,
and in 4 months, his account grew to $200k.
He never got liquidated or experienced a major drawdown,
steadily increasing.

The secret is actually very simple, just three rules,
extremely simple but extremely reliable.

First: Position division, the principal must be split
$3,000 split into three parts:
• $1,000 for day trading, only one order per day, never greedy.
• $1,000 for swing trading, only make a move every ten days or half a month, only catch confirmed opportunities.
• $1,000 for risk management, so even if the first two parts lose everything, there’s still a chance to turn around.
Full position is a suicide mission; this discipline must never be relaxed.

Second: Only nibble on the thickest meat
Never touch sideways markets, stay out if the direction is unclear.
Only trade when the trend is clear and signals are definite. $BTC
Markets don’t move every day, but the principal must be there every day.

Third: Rules are set in stone, emotions are cleared out
• Stop loss at 2%, execute as if eating a meal.
• When profit reaches 4%, cut the position in half and lock in gains.
• When the account profit exceeds 20% of the principal, immediately withdraw 30% to lock in profits.
Never add to a losing position; admit mistakes and cut losses promptly.

As a result, his account has already surpassed $500k.
More importantly — no late nights watching the screen, no anxiety, only a few minutes each day, relaxed and at ease. $SIREN

If you want to turn the tide in the crypto world, remember one thing:
Your principal must survive before you can talk about doubling.
Take it slow, stay steady, and wealth will come naturally.