Bull market is coming, ambush the next SHIB
In short-term currency speculation, there are three iron rules to keep in mind:
First, once you make money, you should keep your profits. For example, after buying a certain currency, if the price goes up by more than 10%, you should be cautious. As soon as the price goes back to the purchase price, sell it immediately. If your profit is up by 20%, you should set a goal to keep at least 10% of your profits before selling, unless you are certain that you have reached a high point. Similarly, if your profit is up by 30%, you should keep at least 15% of your profits before selling. This way, even if the high point cannot be accurately assessed, your profits can continue to grow.
Second, you should stop loss decisively after losing money. After buying a certain currency, if the loss reaches 15% (this number can be adjusted according to personal circumstances, but 15% is a reasonable reference), you should sell quickly to avoid greater losses. Even if the price rises later, it will be considered a wrong trade with improper entry time and you will have to bear the loss. Before each transaction, be sure to set a stop loss point, which is a basic requirement for forex speculation.
Third, if the price drops after the sale, you can consider withdrawing it at the original price. If the price drops after the sale of a coin and you are still optimistic about its prospects, you can buy back the same amount of the coin. In this way, while the number of coins remains unchanged, the available funds increase. If the price drops to a certain extent after the sale and is not bought back, and then the price rises back to the selling price, it should be bought back unconditionally.
In addition, the Musk meme-themed puppy coin can be accumulated in an appropriate amount, but this coin is not suitable for short-term trading and its trend is currently similar to SHIB
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