$BTC

My bloody lesson

1. Control your position; greed is the deadliest enemy that leads to liquidation.

2. Control your anger; don't get too emotional. Continuous failures can make everything uncontrollable.

3. Strictly judge the conditions for entry; do not change them casually. You cannot open a position just because of temporary thoughts.

4. Any copycat that moves with the market has no need for intervention, because apart from its own movement, it is also affected by the market, adding an extra risk factor.

5. Copycat high entries are feasible, but position and stop-loss must be strictly controlled. A stop-loss area of over 50% can be set, but it cannot be omitted, and one should take profits when they arise.

6. Each maximum stop-loss must not exceed 10% of total funds. Any position that exceeds this limit must be prohibited.

7. When each profit reaches the stop-loss, first close half of the position to meet the basic requirement of capital preservation.

8. Use daily lines to judge trends, 4-hour lines to judge ranges, and 15-minute lines to judge entry timing.

9. You must ensure that you enter at the second buy or sell point.

10. Do not open positions against the trend; trends can be short but must exist. Pay attention to the ranges where trends change.

11. Regarding mindset, when one successfully captures, everything feels promising, but when facing continuous failures, life seems bleak. Human emotions inevitably fluctuate greatly, and being able to maintain stability is a form of cultivation.

12. Do not exceed 2 open positions simultaneously; having too many positions can lead to extreme market conditions, and the effect is the same as having overly large stop losses.