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

$USTC Brothers, today K God shares some practical experiences in contract trading:

$PENGU First, when you make a profit, you have to protect it. 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've made a 20% profit, then you must set a rule for yourself: you cannot sell unless your profit is at least 10% unless you can be sure this is a temporary high point; otherwise, don't sell easily. The same goes for if you've made a 30% profit, you should at least protect 15% of the profit before selling. This way, even if you don't have the technical skills to judge high points, you can let the profit roll itself up.

Second, if you are losing money, you must decisively cut your losses. If you buy a coin and it drops by 15% (you can set this number yourself, but 15% is a reasonable reference), you need to quickly cut your losses and leave. This is to stop the losses in time and not let yourself fall deeper. If it rises afterward, that's okay; it means your entry point was wrong, and it was a bad trade. Mistakes come with a price, which is the loss. You need to remember to set stop-losses for every trade; this is a necessary condition for trading coins.

Third, if the coin you sold drops, you should 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 capital on hand. If you sell and it doesn't drop much, and you don't buy back, and it rises back to your selling price later, then you must unconditionally buy it back.

Although this will waste a bit of transaction fees, it can avoid many risks of missing out. This principle can be combined with the stop-loss principle: buy back at the original price when it rises back, and if it drops again, cut your losses. If you operate like this 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 of coins must adhere to principles; quick in and out does not mean reckless tossing, chasing hot trends does not mean random collisions, taking profits does not mean timidity, and staying on the sidelines does not mean exiting the coin circle. Don't get too tangled up in the lowest and highest price points.

One log cannot support a tree; it is better to go with the big troop! The direction has been pointed out, it all depends on whether you can keep up! #Strategy增持比特币 #加密市场观察