Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Three months ago, a friend's account had only $1,500 left, and he was almost ready to give up. I didn't teach him any complicated techniques, just three ironclad rules: stick to them, and he ended up multiplying his funds tenfold. Only later did I realize that the secret to making big money isn't complicated—fewer mistakes and longevity are the ultimate weapons.
First, let's talk about the logic of capital allocation. Divide the $1,500 into three parts—this is an iron rule; never invest all at once. The first $500 is for short-term trading, with a maximum of two trades per day. Once a stop-loss is triggered, exit immediately—no luck-based thinking. The second $500 follows the major trend, only participating when the weekly chart shows an uptrend; otherwise, stay completely on the sidelines and avoid frequent trial-and-error. The third $500 is for emergencies—if you get liquidated, quickly add more funds. This $500 is your ticket to stay in the game—liquidation is like losing a limb; you must survive to turn things around.
Entry signals should be simplified to the extreme. First, scan the moving averages—if there's no uptrend, stay out of the market, no discussion. A true good opportunity looks like this: volume breaks above previous highs, with closing prices confirming the move. That’s your first entry signal. Once in, if profits reach 20%, take half of the gains off the table immediately. For the remaining position, set a trailing stop-loss at 8% to let the market push you further.
The most critical aspect is mental management. Before entering, write a "life and death statement": a fixed 4% stop-loss, with automatic liquidation if hit—nothing can be changed. When profits reach 8%, move your stop-loss to your cost basis; the remaining gains are the market’s gift to you. Remember, markets always cycle; the next wave will come. There's no need to rush now.
In the crypto world, wealth never rewards the fastest runners—only those who grit their teeth and persevere until the end. The rules are simple, but execution is the real challenge.