The Four Major Principles of Trading, A Must-Read for Beginners!

1. About Entry

Entering the market is a process of trial and error; no entry can guarantee that 100% of what happens next will occur. Entry is not everything in trading; it is merely the beginning of the trade.

Seeking the perfect entry is the greatest trap in trading. Only by overcoming this hurdle can one truly begin to think about what trading is and engage in the subsequent aspects.

2. About Stop Loss

Stop loss must be decisive and resolute; this is the entry-level lesson in trading. Risk trading requires controlling risk. By actively cutting off losses, you can take control of the life and death of your account into your own hands. This gives you the opportunity to continue moving forward in an uncertain market.

3. About Take Profit

When taking profit, you must try to let go of the profit side as much as possible. If you cannot let go of the profit side and cannot withstand the pullback, you will always only make small amounts of money and will never capture trending markets, not even recouping the cost of trial and error.

In trading, losses must be actively controlled by yourself, while the ability to make a profit depends on uncertain trends. Therefore, trading should actively cut losses and let profits run. Only in this way can you have the opportunity to accumulate advantages and achieve positive returns.

4. About Trends

Market conditions are uncertain; therefore, the highs and lows of fluctuations and trends cannot be predicted. However, stubbornly holding on to losses and hastily taking profits makes it difficult to manage risk, while cutting losses and letting profits run is a feasible mindset for trends. Thus, in trading, a trend-based approach is a practical hope for achieving profits. #加密市场回调 #美国加征关税 #美国加密战略储备