In 5 years, from 90,000 to 1,000,000, repeatedly struggling!

This is my mentor's 6 years of practical experience in the cryptocurrency world, every word is truth, every paragraph resonates in the heart.

First, keep your stop-loss small and your profits high. All skilled traders who can make money do not rely on how high their accuracy is, but rather on minimizing losses and maximizing gains. No one can accurately judge how long a trend will last.

Second, compared to the so-called sudden wealth, staying alive is more important. The priority in trading is safety first, then profit. Second is execution capability. Third is stability and consistency. Fourth is your damn sentiment. Remember this order, and the probability of survival is still very high.

Fourth, you need to know that no one can precisely predict market trends. You can only enter at key positions and exit at suitable positions. The most efficient trading method is to only enter at key positions; if you’re not at the right spot, stay in cash and wait. This is what is meant by 'slow is fast'. Never let your emotions get the best of you and rush to open positions. No one in high-frequency trading has a purely altruistic purpose; the only outcome of high-frequency trading is liquidation.

Fifth, first thoroughly understand the technical strategies and tactics you can master, find a relatively accurate and most suitable trading strategy for yourself, and then concentrate on studying it in depth. Year after year, day after day, repeat and repeat again; a single powerful move truly beats a hundred weak ones.

Sixth, maintain a retail investor mindset, accept the fact that you are a retail trader, and acknowledge that we are just the 'meat' in the eyes of the main funds. Neither you nor I can control the market, so if the direction is wrong, it's not shameful to exit promptly. Occasionally losing a few trades is also not shameful. If you incur losses and your mindset collapses, taking heavy positions aggressively, and then increasing your position against the main funds, leading to liquidation, that is what is truly shameful. You need to understand that our advantage as retail investors is flexibility in capital and freedom to enter and exit, which is the only disadvantage of the main funds. Understanding this, you'll know how to fight this battle.

Eighth, in the early stages of trading, if you can start with small funds, do not use large funds. If you can use virtual accounts, do not use real accounts. If you can't even do more than ten rounds of training with a virtual account, jumping straight to a real account will basically lead to losses. In the early stages, you need to be light enough to run fast, and being fast allows you to run far. #币安Alpha上新 #加密市场回调 #剥头皮策略