If you want to make long-term stable profits when trading, you must know how to control risks. Here are some ways to control risks! [Follow! Reference!] 💹💹💹
1⃣ Divide your funds into 5 parts, only enter one-fifth each time, control the stop loss of 10 points, and only lose 2% of the total funds if you make a mistake once, and only lose 10% of the total funds if you make a mistake 5 times.
2⃣ Follow the trend. Every rebound in the downward trend is tempting to increase, and every decline in the upward trend creates a golden pit.
3⃣ Don't touch individual coins that have soared rapidly in the short term. High-level stagflation will naturally fall.
4⃣ Use MACD to determine the entry and exit points. The steady entry signal is that the DIF line and DEA go out of the golden cross below the 0 axis and break through the 0 axis. The signal for reducing positions is that MACD forms a dead cross above the 0 axis and runs downward.
5⃣ Never cover your position when you are losing money, but add positions when you are profitable. Volume and price indicators are also very important. Pay attention to the large-volume breakthrough of the currency price at the low level of consolidation, and exit decisively when the high-volume stagnation occurs. Only trade strong currencies with valuable upward trends.
6⃣Adhere to weekly review and adjust trading strategies in time.