#交易策略误区 Lacks a Clear Trading Plan

Error Manifestation: Entering and exiting trades arbitrarily, chasing highs and cutting losses, trading based on feelings. For example, impulsively buying BTC after seeing a short-term rise of 5%, or selling ETH in panic during a downturn.

Consequences: Emotional trading leads to frequent losses, missing trend opportunities, and rapid depletion of account funds.

Lessons Learned:

Develop a Trading Plan: Every trade must have a clear entry point, stop loss, take profit, and position size. For example, go long on BTC when it breaks 50000, with a stop loss at 49500, take profit at 52000, with a 1% position size.

Strictly Adhere to Discipline: Use automatic stop loss/take profit orders on the exchange to avoid changing plans last minute.

Record and Review: Document the reasons and results for each trade, analyze whether the plan was followed, and optimize the decision-making process.

Characteristics of the Crypto Market: The crypto market operates 24/7, and FOMO (Fear of Missing Out) and panic emotions can be easily amplified, requiring preset rules to counter emotional fluctuations.