Trading contracts can definitely be profitable. Why do you keep complaining about contracts?
Review before trading!
1. Frequent trading.
Frequent trading affects mentality and is the main reason for losses; frequency can lead to incorrect directional judgments, setting stop-losses too tight, causing them to explode with slight volatility, affecting your mood and initial correct judgments, resulting in back-and-forth trial and error, emotional turbulence, and blind position building, losing control over your mentality and emotions, discarding learned skills and methods, leading to doubt and anxiety, cold sweats, haphazard blind position building, ultimately resulting in total defeat.
Clearly favoring a certain wave, but ending up trading based on K-line patterns, completely a novice's behavior;
2. Full position with high leverage.
Gambling mentality leads to thinner profits. In the end, irrationally going all in results in complete loss, making it difficult to recover. After losing everything, looking back at the trends reflects your initial thoughts and judgments, but with no capital left. Getting in is hard, but getting out after losing is easier. Those who can build positions are the kings; those who wait are the sages.
3. Narrow mindset, fearing wolves in front and tigers behind.
Seeing big profits but not exiting, always waiting to take a profit, however, when seeing profits retract, hastily exiting for small gains without waiting for a wave to finish, then re-establishing positions in the opposite direction, resulting in frequent trading.
4. Don't trade contracts if you haven't rested well and your mental state is poor.
Mentality is the soul of mentality; without a good mindset, there will be no good luck, and nothing will go well. Not trading at night affects rest and spirit. Either endure the losses and build positions, or expect luck;
5. Constantly staring at the market out of fear leads to eye strain, neck stiffness, and long-term looking down. Once there are slight fluctuations, you suffer from insomnia, decreased sleep quality, doubts, anxiety, and low mood. Blindly over-controlling harms your health and finances. Watching the market can easily disrupt your mentality.
6. Without a thorough understanding of information and the influence of external factors on product selection, and being completely ignorant of technical analysis, blindly confident in trading contracts, and selecting too many products, it is pure gambling mentality.
7. If you can't stop, you will lose everything little by little, and then give up on yourself!
In summary: play contracts.
Maintain a good mental state;
Master technical tools to assist in analysis, and have an understanding of certain information and external influencing factors;
Be unemotional, not greedy, avoid a gambling mindset, patiently wait for the right moment to build positions, follow the trend, know when to give and take, only taking one scoop from the vast waters, understand when to enter and exit, and avoid addiction to frequent trading.
Rational investment; winning and losing are common in battles. Regularly summarize the reasons for losses and persist in changing execution after failures;
Wealth is in strategy, not in labor.
Profit lies in the situation, not in hard work.
A correct choice is worth more than 100 actions.
A correct strategy is worth more than 100 times of thought.
Learn more and engage with excellent circles; understanding is the compensation for wealth, not a reward for labor!
Fifteen iron rules of trading,
Otherwise, it's just giving away money!
1. Preserve capital; survival is the first rule of investment;
2. As long as you are not greedy, making money is very simple. Stable small profits. The cryptocurrency market is vast. Learn and master skills, and wait for the right timing;
3. Don't choose too many cryptocurrencies; never go all in, follow the trend;
4. Don't over-leverage, don't hold a single position, don't trade frequently;
5. Buy quickly and sell decisively, stop-loss should not be delayed;
6. Money can never be fully earned, but it can be fully lost;
7. Encounter stop-loss, exit unconditionally; stop-loss is always correct;
8. Short-term stability or long-term stability, taking profits is the safest;
9. The one constant in the market is that extremes will reverse, and life is the same;
10. Don't trade without a market trend. Missing out is normal; seizing opportunities is what counts.
11. Waiting for trading opportunities is 100 times better than searching for them;
12. Complete your profit goals daily, stop trading, energy is limited (maintain mindset and mental judgment);
13. Stop-loss is your responsibility, profits are given by the market;
14. Money comes from waiting (technical judgment and analysis), not from frequent trading;
15. Mentality is worthless in the face of desire, so maintain a good mindset, avoid greed, and keep rational investments.
Five tips for trading cryptocurrencies in a bull market, remember!!!
1. Fast rises and slow falls indicate accumulation.
Rapid rise but slow decline indicates that the market maker is accumulating chips, preparing for the next round of increases.
2. Fast declines and slow rises indicate selling off.
Rapid decline but slow rise means that the market maker is gradually selling off, and the market is about to enter a downtrend.
3. Don't sell when there is high volume at the top; if there is no volume at the top, run quickly.
High trading volume at the top may continue to rise; but if the trading volume at the top shrinks, it indicates insufficient upward momentum, leave quickly.
4. Don't buy when there is high volume at the bottom; continuous high volume may be a buying opportunity.
High volume at the bottom may indicate a continuation of the downturn and requires observation; continuous high volume indicates continuous capital inflow, which may be a buying opportunity.
5. Trading cryptocurrencies is about trading emotions; consensus is reflected in trading volume.
Market sentiment determines the price fluctuations of cryptocurrencies; trading volume reflects market consensus and investor behavior!
If you are still troubled by these issues, follow Awen to learn more about cryptocurrency knowledge.
