Cryptocurrency trading is a long-term plan, not overnight, so don't rush it. Even if there is a loss in the short term, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, the lost will eventually return again. But you must pay attention to the timing of making orders and the current market trends, so that the winning rate will increase.
While operating, learning, and timely self-summary of profits and losses, deepen the understanding of risks, and the correct mentality planning, so that you can reasonably avoid risks and become a qualified investor.
Contracts are particularly important. If you are not careful in risk control, you have to start over. #实盘合约
Reasonable position management:
Never put all your eggs in one basket. Diversification of investments can effectively reduce risks. Moreover, only use a part of the funds for each transaction, and don't go all-in to cope with the unpredictability of the market.
Set stop loss and stop profit:
Before each transaction, you must plan the stop loss and stop profit points to prevent the market from going unfavorable and stop loss in time to protect the principal. When you earn the expected income, you must also stop profit in time to lock in profits.
Use leverage with caution:
Leverage is a double-edged sword. Be very careful when using it, and don't pursue high leverage. Reasonable leverage multiples can help you gain profits while controlling risks.
