Share my "three blunt knives": not chasing trends, not staying up late, not going all in, using simple methods to roll up profits. $BTC
First knife: Diversification is the starting point of survival
When money is tight, the worst thing is to make a single big bet. For example, with a few thousand U funds, I will divide it into three parts:
One part for short-term trading, taking profits quickly, never getting attached to a position;
One part for trend trading, not acting unless the weekly trend is good;
The last part is "survival money," only used to replenish positions when strict stop-losses are triggered.
This way, even if there are consecutive mistakes, you will never be taken out by one wave.
Second knife: Only act within trends
Most of the time, the market is volatile, which consumes capital rather than creates profits.
My filtering criteria are very simple: daily trend established, and a volume breakout at key positions.
During other times, shut down the software.
You will find that you avoid 80% of the ineffective fluctuations and instead capture the main market movements.
Third knife: Control yourself first, then face the market
Emotions are the biggest cost for traders. I set a few rules for myself that cannot be broken:
Any single loss reaching 3%, unconditional stop-loss;
Profit exceeding 10%, immediately move the stop-loss to the cost, preserve capital before discussing profits;
Absolutely do not stay up late watching the market, take forced breaks at the right time.
The trades that truly bring profits in the market often only account for a small portion of your operations.
Most of the time, restraint is more important than action.
These three rules may seem simple, even a bit "clumsy," but over the long term, their power lies in keeping you in the game. $ETH
When a bull market arrives, you will have chips to turn others' stories into numbers in your own account. @luck萧
