If you want to get into cryptocurrency trading, here are a few essential points to follow:
Be absolutely honest; do not deceive yourself.
The cryptocurrency market is one that can quickly slap you in the face; it leaves no room for self-deception. Why do you buy, and why do you sell? Is it based on fundamentals, trends, or simply following the crowd? Being able to see your own motives is the first step in trading.
Establish a clear trading system.
Clarify whether you are a long-term investor or a trend follower; styles differ and so does the 'ruler' for viewing the market. Without a system, trading is just gambling.
Accept the flaws and risks of the system.
There is no perfect strategy; going long can be lonely, and following trends can often lead to being tricked by false breakouts. If you want to make money, you must first learn to endure imperfection.
Patience is the cornerstone of trading.
Don't be afraid to buy early; be afraid of lacking faith. The right system needs time to realize returns, and it requires immense patience throughout the process.
Position sizing and stop losses are indispensable.
Going all in on one coin and getting stuck with a 40% loss is rookie behavior. Reasonable position sizing and setting stop losses are the baseline to avoid liquidation.
If you dare to bet, you must also accept defeat.
If you misjudge the direction or make a wrong judgment, don’t complain. The market owes you no explanation; accept your mistakes gracefully. Acknowledging failure is more dignified than stubbornly holding on.
Additionally, here are a few practical experiences to share:
Understand the market rules: fees, slippage, and other 'small losses' can eat away at your profits over time. Low-frequency trading is the key to survival.
Only engage in familiar opportunities: the more methods you have, the more mistakes you make. Find your own trading logic and only trade when the win rate is high.
Buy low and sell high, move with the cycle: accumulate in a bear market, realize profits in a bull market. This principle is as simple as it gets, yet it's something most people struggle to achieve.
Capital management is paramount: whether in a long battle or a quick resolution, controlling risk and accumulating positions in batches is the consensus among those who survive long in trading.
The lessons learned from a hundred thousand trades tell me: making money isn't hard; the challenge lies in maintaining long-term profits. Only when your mind is stable, and the system can endure, can your account truly thrive.
Follow Su Ge closely, use precise strategy analysis, and carefully select with million-dollar AI big data to ensure you remain undefeated? The market never lacks opportunities; the question is whether you can seize them. By learning from experienced individuals and following the right people, we can earn more! #币安Alpha上新 #GENIUS稳定币法案 #币安Alpha空投SOON
