In the cryptocurrency world, if you want to survive longer and earn more, you must adhere to these core principles!
Only then can you be considered a qualified trader, with a chance to break free from your impoverished state!!
Before entering the market, draw a 'battle map', anticipate the market direction, and think through your response strategy.
A trade without a stop-loss is like running naked onto the battlefield. Regardless of your position size, use a calculator to determine the acceptable loss, and set up a 'firewall' for yourself.
Take profits in batches, as unrealized gains in contracts can slip away at any moment! Besides using tools like Fibonacci to set target levels, learn to take profits in stages.
For example, after a 50% profit, first take back your principal, and then take out a portion when it doubles; don’t let the gains you have slip away.
High leverage may seem exciting, but it’s like dancing on the edge of a cliff. With 100x leverage, a 1% fluctuation can lead to liquidation!
Rolling trades may seem tempting, but frequent operations can lower your win rate. The experiences of sudden wealth are hard to replicate, and ordinary people should not attempt it easily.
Contracts come with high risks and high rewards; preserving your principal is essential for discussing the future. Strictly enforce stop-losses, and don't let losses consume your 'ammunition depot'.
Frequent trading is no different from gambling! Review your trades often, learn practical experience, and don’t get addicted to simulated trading.
Market gurus may not act until the right moment; once they do, it’s with precision timing. Blind operations will only lead to exhaustion and mistakes, resulting in losses.
K-line, wave theory, and volume-price analysis are all important tools, but don’t just look at charts. The authenticity of news is hard to discern, with strong lags; sudden news can instantly change the market. Use technical analysis to assist your judgment, but also adapt flexibly based on the market conditions.
News should only be a reference, don’t rely on it as a lifeline.
Jumping into trades based on news will lead to a 90% chance of being harvested by big players. Before verifying the truth of the news, keep a close eye on the chart trends.
The speculative atmosphere is thick, with 90% of people losing money; high leverage is easily blown up by volatility; the mechanism resembles a casino, requiring high levels of mentality and self-control; even small movements can cause anxiety, leading to high time costs; in bull markets, spot trading often yields higher returns.
When trading contracts, technology is important, but mindset is even more critical. Don’t enter lightly. Staying alive is essential for making money; controlling risk is more important than chasing high profits!