How to quickly recover in the crypto world? It's simple.
Let me share my survival rules: there are no free rides in trading, every step counts!
I'll share my insights, heartfelt sharing for everyone (personal opinion). This is also what I find charming about trading; haters please stay away, don’t seek attention! If you agree, give a thumbs up and save it!!
Finding the holy grail in this job has become my joy, just like completing a game:
1: Don’t overly trust your intuition; don’t just listen to what others say, but observe what is happening in the market.
2: Basic knowledge is still needed, such as what is a standard lot, what is a spread, what is a commission, and concepts like MACD, KDJ, moving averages, Fibonacci retracement, etc.
3: Maintain a good mindset; making a profit is normal. (Note: You should also understand some basic forex knowledge yourself.)
4: Communicate more with experienced investors, learn their trading methods, trading skills, and trading insights.
5: Finally, of course, learn more about gold investment knowledge, enrich yourself, and summarize well every day. As the saying goes, practice is the sole criterion for testing truth. Only after a lot of real trading can one truly be considered a beginner in forex trading.
Outline!!!! This must be remembered!
Use rules to improve win rates, adhere to the trader's code of conduct.
1. Always use stop-loss; staying alive is the future.
2. Don't arbitrarily change the number of lots; avoid over-leveraged trading.
3. Do not modify stop-loss; decide before trading and do not regret it.
Approach this field with reflection and problem-solving abilities.
Only by identifying key factors and finding ways to address them can we hope to establish a fundamental trading system.
When we trade a hundred times, we should try to maximize the number of wins; that's the first point. The second point is to minimize losses when we lose and ensure we win more when we win.
There are no free paths in life; every step counts.
To break through each layer of understanding, one needs relevant experiences and independent thinking. If one has never experienced anything, it is impossible to become a trading expert right away. Extensive practice, experiences, and independent thinking are essential.