How to avoid losing money in the cryptocurrency circle
The common problem of retail investors all over the world is that they hold on to their assets when they lose money, and sell them immediately when they turn a profit. They do not look at the trend or the trading volume, but only look at the account profit-loss ratio. The final result is that the loss is infinite and the profit is limited. They need to do the opposite. They hold on to their assets when they make a profit, and sell them when they lose a little. My profit-taking and stop-loss principle is to stop profit when the profit drops to 15%. If the profit drops to 10%, I will stop profit. If the price continues to rise, I will continue to hold and let the profit run. If the price drops after buying, I will stop loss when the loss exceeds 5% of the principal. If you can guarantee a profit-taking of 10% and a stop loss of 5% each time, then do it 100 times. In this way, even if your winning rate is only 50%, your profit will reach 300%. Is it difficult? What is difficult is human greed and fear.