Want to make a living trading? I urge you to memorize these 8 ironclad rules! 💢
I'm in my fifth year of professional trading, and I've seen countless people lose everything overnight. Each of these 8 rules is a lesson learned through hard work. Violating any one of them could wipe out your account!
1️⃣ Adding to your position against the trend = suicidal trading
Adding to losses after a loss? That's not spreading the cost, it's digging your own grave. Remember: Don't add to losing trades!
2️⃣ Only follow the trend; don't be a "counter-hero."
Don't buy the dip when it's falling, and don't try to guess the top when it's rising. The trend is your only ally; don't fight it.
3️⃣ Maintain a fixed position and avoid a gambler's mentality.
Don't just buy 0.1 lots and then go all in! Fluctuating positions = fluctuating mentality = a crash sooner or later.
4️⃣ Don't switch trading modes randomly.
Follow the trend faithfully; when trading in a volatile market, patiently buy low and sell high. Jumping between two sides will only end up getting slapped in the face.
5️⃣ Stick to your circle of competence
Biting off more than you can chew! I recommend focusing on the 2-3 coins/currencies you're most familiar with, and don't even bother looking at anything else.
6️⃣ If you're not feeling well, simply close the app.
If you're tired, overwhelmed, or your mind is broken, stop! Forcing things will only lead to losses. Do it when you're clear-headed; the market is always open.
7️⃣ Don't leverage your capital before stability sets in.
Take a small amount and multiply it by 3-5 times before considering increasing your investment. Large capital won't change your win rate; it will only magnify your mistakes.
8️⃣ Choose the wrong platform and you'll lose everything.
Fraudulent platforms, betting platforms, small exchanges...don't use your capital to challenge others' ethics. Choose established, well-regulated platforms, and you'll sleep soundly.
This isn't advice; it's a rule of survival.
Trading isn't about who makes the most money, but who survives the longest.
Only those who can execute to the end are qualified to discuss the future. @区块天哥 #加密市场回调