$SIREN Over the years of contracts, I have summarized three painful experiences to share with the brothers who are still struggling in the market.
First: The profits you make must be protected.
Don't always think about catching the highest point. If the currency rises by 10%, you need to be alert; if it returns to the buying position, don't hesitate, take the profit first.
If you make 20%, lock in half; if you make 30%, at least protect half. Let the profits grow themselves, it's much more reliable than relying on feelings.
Second: Be decisive in losses.
If you buy and it drops by 15%, no matter how optimistic you are, cut your losses immediately. If it really rises later? It means your timing was wrong, not the opportunity. A position without a stop-loss is not a trade, it's gambling with your life.
Third: If the currency you sold drops, be bold to buy it back.
After selling the currency and it falls back, but you still believe in it, buy it back at the original price. The amount of currency remains the same, but you have more liquidity in your account. If you hesitate to buy, and it goes back up again? Buy back when it returns to the selling price, the transaction fee is small, missing out is the real loss.
Lastly, let me say one thing:
Short-term trading is not about random operations, chasing trends is not about randomness. Those who know how to sell are the experts. Following discipline and understanding the rhythm is more important than trying to time the bottom and sell at the top.
Trading cryptocurrencies is not just about skill and luck, but also about mindset and wisdom. Mastering and executing these iron rules will allow you to survive longer in the market.
If you still have no direction, staring at the market without knowing how to take action, follow Lao Zhang, keep pace with me, don't get off track, recovering losses and flipping your account is not a problem! @老张趋势