Family members! The blood and tears of cryptocurrency trading are revealed! Don't be a leek and scream when being cut! Summarize four iron rules, if you can't remember them, collect them quickly👇
For cryptocurrency trading, it's not a problem not to make money, but to lose it all after making money!
From my own experience of stepping into pits in the past few years, I have summarized 4 iron rules. The sooner you know, the sooner you avoid pits. Whoever listens will benefit:
1. Never go all in, no matter how accurate you are.
The market is alive, and the full position is dead. You panic when there is a retracement, and you explode when the market crashes. Learn to save bullets, so that you have the confidence to turn the situation around.
2. If you don't set a stop loss, you will die miserably.
The mentality of luck is the most deadly, and fantasizing about a rebound is waiting to die. Every order must have a stop loss line. Losing a small amount of money is not terrible, but holding an order is chronic suicide.
3. If you don't leave after making money, it's all paper wealth.
I was reluctant to sell it after it doubled, and finally watched the profit cut in half, and I didn't hold a penny. Remember, the real win is to put the money in your pocket.
4. Don't chase hot spots, always be half a beat behind.
When you see hot searches and KOL orders, they are basically opportunities for others to ship. The most profitable thing is always to ambush in advance.
Cryptocurrency speculation is not about who is more aggressive, but who lives longer!
To be honest, every time I forget these four points, I have to pay tuition.
#USA imposes tariffs #Bitcoin breaks through $110,000