Since entering the crypto space, how much have you earned? I have earned approximately 30 million in total from trading, with a principal of less than 200,000. I haven't worked for 9 years and have been trading full-time, experiencing many ups and downs in between. I hope to share more of my experiences so that others can learn useful strategies for themselves:
1. The risk of each trade must not exceed 10% of the trading principal, that is, 10% of the trading principal. New traders are advised to keep it between 2% and 5%!
2. After entering the market, you must never make blind exits due to a lack of patience. Market fluctuations take time, and until the market proves that your operation is wrong, you must have enough confidence and patience.
3. You must execute according to the plan and never overtrade.
4. After making correct trades and obtaining profits, you should use adjustment of take profit and stop loss as a safeguard, boldly going for even greater profits until the trend changes.
5. After entering the market, you must not casually cancel your stop-loss points. The entire trading process after entering the market is a risk control process, so after entering, you must set protection in place; naked trading is strictly prohibited.
6. Avoid adding costs after successful trades, that is, avoid increasing positions.
7. You must not casually switch from long positions to short positions; this is a highly skilled operation.
8. When buying and selling skillfully, you must avoid casually adding to your positions, as the probability of making mistakes is very high because you have become complacent. #美联储重启降息步伐
