【Brother Yao's Trading Discipline】: This article is priceless, very short and profound. It is recommended that all retail investors like and collect it, and read it at least three times a day!!!
1. Go with the trend: Never catch a falling knife, never try to pick a top.
2. Variety: Only participate in high volume and liquid varieties. When going long, choose the strongest ones, and hold no more than 3 positions. Do not have a preference for specific varieties.
3. Timing: Only trade in a market that has already started moving; enter the market after a trend has appeared. If the market is temporarily stagnant, why enter? What needs to be done now is nothing at all. Why not wait until it clearly starts moving before entering?
4. Capital management: (1) The initial position should not exceed 10% of total capital. It's common to see a favorable market without making money, one reason being excessive position size causing psychological pressure, leading to being shaken out by slight market fluctuations. Another reason is poor timing for entry. (2) After a series of market victories (profit exceeding 50%), withdraw 40% of the profits for emergencies. If losses exceed 5%, reduce the initial position size by half.
5. Stop loss: Set stop loss points and amounts before entering each trade. $BTC #以太坊创历史新高倒计时