Things to note when playing with coins
Have you been tricked before?
How many of these common pitfalls have you fallen into?
1: Don't rush to buy the bottom when you encounter a sharp drop, wait a while and see the wind direction. Don't be impulsive, be steady.
2: Don't get carried away when you make money, stop when you have enough. Greedy snake swallows elephant, be careful to lose money.
3: Don't be discouraged when you lose money, readjust your strategy. Opportunities are always reserved for those who are prepared, don't give up easily.
4: Don't always think about making big money by entering and exiting quickly, sometimes long-term holding is more stable. Don't trade frequently, choose a good coin and hold it patiently.
5: Don't blindly follow which coin has risen well before, the market changes a lot. Don't blindly chase the rise, analyze rationally.
6: Don't let emotions control your trading, be calm. Emotional trading is prone to problems, rational analysis is the key.
7: Don't always think about getting rich all of a sudden, trading coins requires patience and strategy. Don't daydream, it's more practical to be down-to-earth.
8: Don't always think that one transaction determines the win or loss. It is important to allocate funds reasonably. Don't bet all your money in one place. Diversified investment is safer.
9: Don't rush to add positions if you lose money. Find the reason first. Don't blindly cover your position. Solve the problem first.
10: Don't think you have found the "secret to win" because of one success. There are always surprises in the market. Don't be superstitious about a certain method, and respond flexibly.
When it comes to currency trading, you have to think rationally and respond flexibly. Summarize the experience of those who have stepped on the pit, and pay more attention to those who have not stepped on it. I wish you all make money steadily in the currency circle!
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