In the field of digital currencies, if you want to start with 10,000 and earn a million fortune, you can only rely on a solid strategy and patient accumulation. Rapidly achieving this goal, rolling positions and holding Ethereum ($ETH) is undoubtedly an important part.
When it comes to taking risks, one should also exercise moderation. Suppose you have a capital of 200,000 and can accept a maximum loss of 40,000 (i.e., 20%), then a relatively reasonable risk strategy is: to bear the loss in three stages, 10,000 each time, and the last time 20,000. With such an arrangement, even in the worst-case scenario, you still retain at least one chance to turn things around. Because as long as you make one correct judgment, you can stand firm in the market and continue to move forward. #CryptocurrencyInvestment
Mastering the overall market trend is much harder than dealing with short-term fluctuations. Following the trend requires a firm commitment to holding positions, while buying high and selling low is more in line with human nature. However, the way of trading often goes against human nature. In an upward trend, you should remain calm in the face of any pullback and choose to go long. Remember, be patient; when the market pulls back by 10-20%, it is a good opportunity for you to boldly intervene. #WealthInCryptocurrency
Setting clear profit-taking and stop-loss targets is key to ensuring profits. In multiple trades, we must ensure that total profits exceed total losses. This is not difficult; just follow these principles: ① Each stop-loss should not exceed 5% of total capital; ② Each profit should exceed 5% of total capital; ③ Total trading win rate should exceed 50%. As long as these conditions are met (with a profit-loss ratio greater than 1 and a win rate greater than 50%), profit will be within reach. Of course, one can also adopt strategies with a high profit-loss ratio and low win rate or low profit-loss ratio and high win rate. In short, as long as total profit is positive, it is a successful trade. #BitcoinTrading
Remember, excessive and frequent trading is the enemy of profit. As Bitcoin perpetual contracts are traded 24/7, many novices often cannot restrain themselves and trade frequently. However, walking by the river often leads to wet shoes. Stay calm and do not be misled by the short-term fluctuations of the market. #TradingInsights
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