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There are still people in the crypto world using credit cards to pay for tuition fees, and I really feel worried for them. Trying to gamble with less than a thousand yuan of principal is basically just giving away money.
To be honest, the crypto space has never been a casino. It’s about mindset and strategy; the less money you have, the more stable you need to be. Just like hunting, you need to stay patient and wait for the right opportunity.
I once mentored a young guy whose account started with only 600 yuan. At first, he was trembling even when placing orders, afraid that one trade would blow up his account. I told him: "Follow the rules and take it slow." And what happened? After a month, his account grew to 6,000 yuan, and in three months, it tripled to over 20,000 yuan, all without ever blowing up a position.
Many people ask if this is just luck. I tell you, not at all. It’s discipline. From observing this guy’s growth, I’ve summarized three very practical rules, which are so important they could be called life-saving:
**First Trick: Diversify and Keep a Backup**
Divide your principal into three parts. For example, if you have only 600 yuan, split it like this:
- 200 yuan for intraday volatility trading, focusing on Bitcoin and Ethereum, closing positions with 3%-5% gains, no greed
- 200 yuan for short-term swing trading, waiting for clear entry signals, usually holding for 3 to 5 days
- The last 200 yuan is dead money, never touch it regardless of market conditions. This is your capital for turning things around
Have you seen someone put all their principal into one trade? When it goes up, they’re ecstatic; when it drops, their mindset shatters. Profitable traders understand one thing: always keep some money on the sidelines.
**Second Trick: Follow the Trend, Don’t Waste Time in Consolidation**
Most of the time, the market is just oscillating. Frequent trading during these times just pays transaction fees. If there’s no clear signal, just wait. Once a clear direction emerges, then act decisively.
When you make a 12% profit, take out half of it first. The feeling of having cash in hand is always more reassuring than just seeing the number grow in your account. The rhythm of a master trader is like this: be patient when you should, and once you act, make sure to harvest. When that guy doubled his money, he calmly took profits, never rushing or chasing the market.
**Third Trick: Rules First, Control Your Impulsive Actions**
Set a stop-loss no more than 2% of your principal for each trade. When the price hits the stop-loss, exit immediately—no exceptions. When profits exceed 4%, first reduce half of your position, and let the rest run. Never add to a losing position; don’t let emotions take over your account.
You don’t need to be right every time about the market. But you must stick to your rules every time. Essentially, making money is about using a set of methods to restrain your impulsive hands.
This system sounds simple, but executing it takes effort. Once it becomes a habit, the results will show in Bitcoin, Ethereum, futures, and spot trading. The key is: discipline, patience, and more discipline.