$ZEC We want to earn U for a lifetime instead of earning U for a lifetime

$UNI Brothers, today K is sharing some practical experiences in contract trading:

$ALLO First, when you make money, you must protect your profits. For example, if you buy a coin and it rises by more than 10%, you need to be cautious. If it drops back to your purchase price, sell it immediately without hesitation. If you make a 20% profit, you need to set a rule for yourself: you cannot sell unless the profit is at least 10%, unless you are sure that this is a temporary peak; otherwise, don’t take action easily. Similarly, if you make a 30% profit, you must at least protect 15% of your profits before selling. This way, even if you lack technical judgment on peaks, you can let your profits roll on their own.

Second, if you are losing money, you must decisively stop your losses. If you buy a coin and it loses 15% (this number can be set by yourself, but 15% is a suitable reference), then you should quickly cut your losses and exit. This is to stop losses in time and not let yourself get deeper into trouble. If it rises later, that’s okay; it means you chose the wrong entry point this time, which was a mistaken trade. Mistakes come with a price, which is the loss. You must remember to set a stop-loss for every trade; this is a necessary condition for trading coins.

Third, if the coin you sold drops, buy it back at the original price. If you sell a coin and it drops, but you still have confidence in it, then buy back the same amount of coins. This way, your number of coins remains unchanged, but you have more funds in hand. If the price doesn’t drop much after selling and you don’t buy back, and it rises back to your selling price later, then you must buy it back unconditionally.

Although doing this may waste some transaction fees, it can avoid many risks of missing out. This principle can be combined with the stop-loss principle, which is to buy back when it rises to the original price and stop-loss if it drops again. If you operate this way multiple times and find that the price of this coin is always unstable, then you need to choose a new entry point.

In short, short-term trading in coins must adhere to principles; quick in and out does not mean reckless, chasing hot trends does not mean crashing around, taking profits does not mean being timid, and staying out of the market does not mean withdrawing from the crypto world. Don’t get too caught up in the lowest and highest prices when buying and selling.

One tree cannot support a forest; moving forward alone is not as good as following the larger group! The direction has been indicated; it depends on whether you can keep up! #美SEC批准流动性质押