To survive in trading for the long term, consider investment risks and everything that could happen. The essence of leveraged trading is to gradually increase your position size when in a profitable state and to gradually reduce it when losing, minimizing losses. This is the essence of trading!
Core One: The truth of trading is not about getting rich overnight, but about making profits over the long term and living a long life.
Core Two: A common mistake among investors is frequent trading without considering trading opportunities. They enter the market whenever there’s volatility, which is undoubtedly wrong; it only leads to missing good entry points and frequent losses.
Core Three: "There’s a saying: I can pull you back from the cliff, but I can't stop you from jumping every time." Impulsiveness is a terrible source; one must trade according to signals. Not being impulsive is the primary element of risk control. Learn to manage risks.
Core Four: Don’t let profits cloud your judgment; maintaining profitability is key. Human desire is to want more, which can lead to forgetting risks and self-destruction. Therefore, one must always stay clear-headed. Be cautious when losing money, and even more cautious when making money.
Core Five: Everyone has a gambling mentality and likes to make large trades based on their indifferent judgments. The importance of taking profits and cutting losses is known to all investors, but unfortunately, many know they should set take-profits and stop-losses yet still frequently get stuck or see their profits vanish.
Core Six: When facing significant losses, there’s often a desire to immediately recover the losses. This can lead to larger trades in an attempt to regain the disadvantage. Once you do this, it equals failure. After experiencing setbacks, you should immediately reduce your trading volume or stop trading altogether. The goal now is not to make back how much you’ve lost, but to regain your confidence.
Core Seven: It's okay to make mistakes; the main thing is to get out quickly. "Where there’s life, there’s hope" – preserve your strength, find the root cause, and make a comeback!
Core Eight: Trading should be diversified to face market changes. Those who make mistakes often lack strategy in trading. When things go wrong, they complain about difficulties and blame the platform, always asking why? Isn’t life just a series of uncertainties? Never lose due to lack of strategy.
Penetrate the fog of information to discover the real market. Seize more opportunities for wealth; find truly valuable opportunities and don’t miss out and regret! The journey in cryptocurrency is long and slow; if you are also on this path and need help learning methods and technical insights, comment '1' for free assistance!
