A big player in the crypto world who earned 30 million in 10 years tells you what to pay attention to in the crypto space! In fact, once you figure out trading, life feels like it's enlightened!
Ten years ago, when I first entered the crypto world, like most retail investors, my profits and losses seemed entirely dependent on luck, and I couldn't grasp any patterns. #大而美法案
However, after spending a few years in the crypto world, through continuous learning and absorption, and with mentors and seniors continuously sharing and guiding, I finally started to get it and formed my own investment system! Today, I will share my trading strategies and insights with my friends in the crypto community.
1. Don’t panic after a stop loss: Trading contracts is about leveraging small amounts for big gains, experiencing losses is perfectly normal. After a stop loss, some people rush to open new positions, wanting to recover immediately; others rationally pause and enter a cooling-off period. Listen to advice, if you are frequently stopping losses, don’t get overly emotional, immediately stop, settle your thoughts, review your strategies for loopholes, and recklessly opening positions will only lead to deeper losses.
2. Abandon the desire for quick gains: Trading is definitely not a way to profit overnight. Getting anxious and heavy-handed after a loss, and eagerly opening new positions, are common mistakes made by beginners. Remember, maintaining a stable mindset is key; wealth accumulation relies on a steady stream, and being impatient won’t yield hot tofu.
3. Follow the major trend: When a unilateral market trend emerges, going with the flow is a hard rule! Both beginners and experienced traders easily fall into the trap of trading against the trend, always hoping to 'catch the bottom or peak,' only to be severely punished by the market. Understand the market trend, patiently wait for opportunities, and only by following the major trend can you hit the right timing for profits. #美股代币化
4. Manage the risk-reward ratio: If you want to profit in contracts, the risk-reward ratio is the core 'checkpoint.' If you don’t do this step well, profits will become an illusion. Always ensure at least a 2:1 risk-reward ratio before opening a position, allowing profit potential to safely cover loss risks; don’t engage in losing trades.
5. Avoid frequent trading: Beginners especially need to be cautious! Opening positions blindly at the slightest market fluctuation, thinking there is gold everywhere, is actually mostly traps. If you haven’t developed advanced skills, control your hands and restrain your impulses; less trading and precise trading are the ways to survive. #币安Alpha上新
6. Maintain your cognitive boundaries: Only earn money within your cognitive limits; this is a hard rule. Recklessly entering beyond your understanding is like a blind person touching an elephant—the risks are completely uncontrollable. Deepen your knowledge, accumulate experience, and 'mine' in familiar fields for solid results. $BTC