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At two o'clock in the morning, the phone vibrated and woke me from my dream.
A message pops up on the screen: "The account still has 880U... Should I go all in?"
The message was sent by Awei, who has been trading for over half a year. I'm too familiar with that kind of despair; back then, I also stared blankly at my balance in the middle of the night.
I asked him: "Do you want the thrill of the moment when you turn over, or the ability to survive for a long time?"
After a long silence, he typed a few words: "I want to live."
Divide the money into three parts
The next day, I had him do something - to break down the 880U: take 280U for short-term trades, use 300U specifically for following the trend, and leave the remaining 300U untouched.
"Is it still scattered with this little money?" He doesn't understand.
"What you need now is not to get rich quickly, but to find the rhythm." I said.
A month later, he made 38U. The amount isn’t large, but he told me that the 300U he couldn’t touch made him sleep much more soundly. With money there, his heart is stable.
Learn to wait, don't move randomly.
His biggest problem before was wanting to enter when he saw the market trend. He was particularly prone to impulsive actions during sideways fluctuations.
"The market spends 70% of the time grinding people," I told him, "fidgeting will only wear down the principal."
In February this year, during the surge in BTC, he finally held back from the small fluctuations earlier. He entered the market cleanly and decisively on the day of the breakout, making a 23% profit in five days.
Later, he set a rule: for every 200U earned, withdraw 50U and put it into that inactive account.
"It's much more comfortable to take a profit than to stubbornly hold on." These were his later words.
Do not step on the three lines.
He set a few strict rules for himself:
A maximum loss of 2% of total capital per transaction.
Close half immediately after earning 4%
Definitely do not increase the position when losing.
Once he encountered a major fluctuation in a altcoin, he followed the rules and cut his losses at 25U. A bunch of people in the group shouted to pump it, but he didn't move. As a result, that coin was later directly halved.
"That 25U loss is worth it," he said, "learning to cut positions is the first step."
From 880 to over 30,000
In half a year, 880U turned into 20,000, and then rose to 32,000U. Never liquidated, never chased the highs, as steady as an old hand.
A couple of days ago, he chatted with me and said that his mindset about trading has completely changed: "In the past, I always thought about how much I could earn; now I first ask myself whether I should take this trade."
I know he has really entered the field.
The market never lacks opportunities; what is lacking are those who can endure. The journey from 880U to over 30,000 relies not on luck, but on respect for the rules and self-discipline.
Those who rush may win for a moment, but those who can hold on will laugh last. Account numbers may change, but the ability to remain calm in the face of market fluctuations and to restrain greed in the face of temptation is the greatest asset.