How to Become Stronger in the Circle of Digital Currency

If you don't have much and want to eat 🥩 in Circle B, there's a simple method that can help you consistently

As long as you master this method, future #traders can earn 3%-10% more

Here are my insights from the past few years

1. Don't be greedy, start with one or two coins to play with #digital currency is as abundant as stars, with dozens to hundreds of varieties, but as small retail investors, our energy is limited and money is not much. Don't think of trying everything; it's best to focus on 1-2 coins, and at most 3

2. When prices soar wildly or drop sharply, don't act impulsively. When the market rises sharply, do you feel like this coin is going to double, and your mind is only on quickly charging money to buy? Conversely, when the market crashes, you feel it's over and you need to sell quickly! During such times, being flustered is the easiest way to make foolish decisions. I suggest that when prices are too volatile, don't move, calm down and reassess

3. Don't put all your money in, maintain a stable mindset. Don't go all-in; it's best to keep 30%-50% of your funds on hand. This way, if prices drop, you can average down, and if they rise, you can increase your position. If you stake too much, you'll be happy when prices rise but panic when they fall. When your mindset collapses, all decisions become distorted. Leave some room for yourself

4. Run when you've made enough, don't be greedy, and recognize losses. Set a target for yourself when trading coins, for example, sell after making 20% profit, regardless of whether the price rises further. Many people want to earn a little more, only to find themselves trapped. Greed is human nature; you need to control yourself. The same goes for losses: set a bottom line, like cutting losses at 10%. Don't stubbornly hold on. Many trading platforms allow you to set automatic buy/sell orders, set the prices and let the computer handle it. Don't rely on your shaky hands to make decisions at that moment

5. Learn some skills, don’t rely on others to say what's good. Many people in the digital currency world don't have a financial background; they might be programmers or homebodies wanting to make some money but know nothing. Instead of listening to others' nonsense, it's better to spend a few days learning technical analysis, such as reading candlesticks and moving averages. Having your own understanding is better than anything else

6. Take it slow; don’t go all-in or liquidate everything. Whether buying or selling, don't go all in at once. For example, if you want to buy 10 bitcoins, spread it over 5 purchases, completing it in an hour or over a few days. This reduces risk and prevents you from collapsing due to momentary impulse. Steady and solid progress is the way to last

In the end: Bitcoin is most afraid of being driven by emotions. Making decisions with your own brain is the key to making money #blockchain