The "Pits You Must Avoid in Crypto Contract Trading"!
1. Don't Suffer from "Position Anxiety"
When you don’t have an order, you feel an itch to place one;
When you have an order, you worry about this and that. The market fluctuates slightly, and you don’t know what to do. You always feel there are opportunities everywhere, but the more you trade, the more you lose, and the more you lose, the harder it is to stop.
2. Don’t Be a "24/7 Warrior"
Some friends want to be all-around experts, going long one moment and short the next, setting high expectations for themselves, but this often overlooks the broader market trends.
Before the market gives a clear signal, don’t easily take the opposite position!
3. Don’t Blindly "Catch the Rebound"
Catching the rebound requires true skill. Friends without experience should never take risks.
It’s like catching a knife falling from the sky; you must wait for it to land steadily. Catching rebounds requires technique and good management of your wallet.
4. Don’t Get Stuck in "Indecision"
When going long, you’re afraid of being deceived; when going short, you’re also afraid of being deceived, and as a result, good opportunities slip away.
Be decisive when placing orders; don’t let hesitation harm you!
5. Don’t Always "Go All In"
Going all in sounds exciting, but it could also bring you back to square one overnight.
Manage your funds reasonably; don’t put all your eggs in one basket.
6. Don’t "Hold On to the End"
If you make a mistake, admit it; don’t stubbornly hold on. The market won’t change direction because of your obstinacy.
If you’re wrong, cut your losses promptly; don’t let mistakes amplify.
True "Enlightenment" means learning to calmly accept losses and decisively cut losing positions.
Friends who enjoy harmonious trading and like to study the market and techniques, come and click on my profile!
Years of insights from a seasoned trader in the crypto world, shared freely with you. I’m waiting for you in the community, ready to chat anytime, exploring the mysteries of the crypto world and growing together!
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