Trading Principles

There is a very important principle in trading: don't make small profits, don't take large losses. Simply put in 8 characters, it’s actually very difficult to achieve. Let me give you an example:

You opened a position at 20,000, and as soon as you did, it rose to 21,000. You were very happy, took your profit, made a 5% gain, and felt great. But then the market kept rising to 25,000... you made 5% but missed out on 50%;

Then you told yourself to aim for big profits, this time you absolutely wouldn’t take profits early. But the market then fell back to 20,000. You opened another position, it rose to 21,000 again, and you told yourself to learn from the last time and hold on for big profits. The result was the market fell back to 20,000 and then broke below to 19,500, forcing you to stop loss. This is so hard for me!

Many people spend their whole lives caught in this dilemma, never able to break free.

Is there a way to profit in both big and small markets?

No, you must choose one or the other. I usually choose not to make small profits.

What I'm saying is that I can't do this 100%, and no one can do it 100%, but I can tell you the right philosophy. How much you can achieve depends on your personal cultivation. Each of us can only achieve a certain proportion of these philosophies, and we should try to increase that proportion as much as possible.

As an experienced cryptocurrency investor, I share my experiences and insights for free. Are you interested in cryptocurrency but don't know where to start? Follow me and watch me cook the leaves, and I’ll help you achieve freedom in this bull market.