$BTC In the cryptocurrency world, those who can survive are not relying on accurate predictions, but rather on the strength of their discipline.
I have also gone through the experience of liquidation, and the conclusion I came to is that treating trading as a job with strict rules can help you go further.
The first step is to arrange your money properly. Don't stake all your possessions; it's best to divide it into three parts.
One part for short-term trading, quickly entering and exiting to make a bit of profit; one part to wait for the big trends, and act when the opportunity arises; and the last part is your life-saving money, which should not be touched even if the sky falls.
The reasoning behind this is simple: as long as your principal is still there, you have the confidence to turn things around.
Direction is more important than effort; don't waste energy in a fluctuating market.
Most of the time, the market is just going back and forth, and there are actually not many trends worth acting on.
Once a trend appears, you must be brave enough to follow it, but don't forget: once profits exceed 20%, take some profits off the table to secure them. Remember, it's good to catch some of the gains; don't always think about eating from start to finish.
Lastly, and most importantly, is to control your hands.
Before opening a position, set your stop-loss point, for example, if you lose 5%, you must exit; don't hesitate when you reach that point.
Once you start making a profit, slowly move the stop-loss price up to lock in the profits.
Don't trade too frequently every day; one or two trades are enough. Once you're done, close the software and go about your other business. Making money relies on a system, not on feelings.
Ultimately, the cryptocurrency world is not short of opportunities; what it lacks are people who can survive until the day the opportunity arrives. Don't complicate trading; repeat simple rules, and time will give you the answer @萧哥带单日记
