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When I only had 120 yuan left, I decided to try the contract market. To be honest, this amount of money is hardly worth mentioning in the eyes of many people. But I just wanted to see if I could find a way out with this "small change."
Today is not about stories of getting rich overnight; I just want to share how an ordinary trader gradually operated and eventually turned this 120 into 1 million. Basically, I used the most straightforward method to record those key turning points.
**The Four Initial Bottom Lines**
At the beginning, I realized that for small funds to survive, mindset is the first hurdle. So I set a few strict rules for myself:
Only trade BTC — the market cap is large enough, and the trend is relatively stable. With this small amount of money, opening and closing positions won't affect the price. Altcoins are too volatile; a slight mistake could wipe me out.
Leverage capped at 20x — I previously tried 100x, and when the price moved just 0.5%, my heart started pounding. I couldn't hold the position. The 20x leverage is just right; it can amplify gains without risking liquidation from small fluctuations.
Use only half of the capital each time — with 120 yuan, I only risk 60 yuan per trade, keeping the remaining 60 yuan aside. This is a risk management technique I learned after experiencing several margin calls.
Strictly enforce take profit and stop loss — take profit at 10%, cut losses at 5%. Trade at most twice a day, and regardless of profit or loss, stop trading. It seems simple, but this is the real skill in fighting greed and fear.
The first trade earned 6 yuan, the second broke even. I didn't get greedy and add to winning positions, nor did I regret not making more profit. Like a little squirrel storing food, I accumulated slowly.
**And then the snowball started rolling**
(To be continued)