I have been trading coins for two years, starting with 50,000, and now I support my family through trading coins. I have summarized my hard-earned experiences.
1. Divide your funds into 5 parts, only invest one-fifth each time! Control a stop loss of 10 points; if you make a mistake once, you only lose 2% of your total funds. If you make 5 mistakes, you lose 10% of your total funds. If you are correct, set a take profit of more than 10 points. Do you think you will still be trapped?
2. How can we improve the win rate again? Simply put, it's just two words: follow the trend! In a downtrend, every rebound lures in buyers; in an uptrend, every decline creates a golden buying opportunity! Which is easier to profit from: bottom-fishing or buying on dips?
3. Do not touch coins that have rapidly surged in the short term, whether they are mainstream or altcoins. There are very few coins that can make several waves of major uptrends. The logic is that it is very difficult to continue rising after a short-term surge. When prices stagnate at high levels and do not rise further, they will naturally fall; it's a simple principle, but many people still want to take a gamble.
