The first thing to do when you wake up in the morning is to check the market, and the last thing to do before going to bed is still to check the market.
If you are like this, congratulations, you have successfully joined the 'Insomniac Alliance of the Crypto World'.
But don't panic, being able to read this article means there is still hope for you.
I used to be in a position where I doubted life after liquidation, but now I can steadily profit as a contract trader.
Today, I will share with you a few rules that I have earned through real money, especially the last one, which can save you 90% of the detours.
1. Stop Loss: Your 'Lifesaver'
Lose 20%-30% and still don’t stop loss? Then you are no different from a gambler.
The crypto market is highly volatile; if you're wrong about the direction, admit it and don’t hold the position. Remember: staying alive gives you a chance to turn things around. I’ve seen too many people go from 'just hold a little longer' to 'zero in an instant'.
2. Take Profit: Greed is the mother of liquidation
Not taking profits after making money leads to losses and liquidation—this is the inevitable path for all retail investors.
Reversing profits can be more painful than losses; learn to take profits in batches, just get a piece of the fish, don’t fantasize about cleaning out the fish tail and bones.
3. Don’t open positions at night unless you want to experience 'Midnight Horror'
A flash crash at 3 AM, are you sure you want to sleep through liquidation?
You can ignore low leverage long positions, but high leverage short positions? Close your positions before sleeping, or set stop losses; otherwise, you'll experience the thrill of 'waking up to an account missing a zero'.
4. The most dangerous thing after liquidation: Getting Emotional
Had three consecutive stop losses? Close the exchange, go for a walk.
The market is always there, but your principal is not. I used to refuse to lose and got liquidated 5 times in one day; later I realized: resting is the best trading strategy.
Do you know why 90% of people clearly understand these principles yet still lose money?
Because they are missing a 'key step'.
For those currently feeling lost, follow closely @king说趋势 !!! The market is about to explode
