From investing 5 in the cryptocurrency market to making 10 million, then to being in debt of 8 million, then to profit of 20 million, and now achieving financial freedom mainly by mastering contract skills, while engaging in contracts is like playing with heartbeats, thrilling and more exciting than riding a roller coaster.
Today I will talk about a summary of my years of trading experience as a free share, hoping to help everyone! As a newcomer in the crypto space, there are a few points to note:
Trading iron rules, if you can do these, you can walk sideways in the crypto space.
1. For short-term trading, always set a stop-loss for every trade,
2. Stay away from the market when you have emotions, do not trade
3. The risk of each trade must not exceed 10% of the principal.
4. After entering the market, do not blindly exit due to lack of patience; market movements take time to unfold. Until the market proves you wrong, you must have enough confidence and patience.
5. Do not amplify trading beyond your ability to bear losses.
6. When your technical skills are not sufficiently proficient, absolutely do not trade more than 3 assets at the same time.
7. After making a profit, withdraw a percentage of the profit.
8. Gambling-style averaging down is prohibited.
9. After entering the market, do not casually cancel the stop-loss standard; execute unconditionally when the stop-loss standard is touched.
10. Avoid adding positions after a smooth trading journey; you must wait for the next opportunity.
11. Formulate a tight trading strategy; if there are no opportunities for short-term trading, it is better not to trade, and only trade when prepared.
This market changes every day; you must seize the right moment to act. If you are still too confused, you can follow Brother Niu, who often shares cutting-edge information and practical strategies, and feel free to come and discuss anytime to seize great opportunities!