In the cryptocurrency space, building positions should be slow, while liquidating positions should be quick.
1. Treat trading seriously and intelligently, eliminate emotional trading through defensive capital management to ensure success, and always keep a close eye on capital.
2. Many traders are eager to find opportunities, but once in the market, they lose control of their emotions, leading to ineffective risk management and losses.
3. If one's mindset is not in sync with the market and ignores the psychology of the masses, it becomes difficult to profit; psychology is crucial in trading.
4. Excellent traders focus on reality and view the world objectively.
5. Psychology, market analysis, and risk management are the three pillars of successful trading, and good trading records connect them.
Trading requires discipline, grasp the right price, if you miss an opportunity, there's no need to force a chase; opportunities are plentiful.
6. Building positions should be slow, while liquidating positions should be quick.