There is a very important principle in trading: do not make small profits, do not incur large losses.

In just 8 simple words, it is actually very difficult to achieve. For example: with 20,000, you opened a position, and immediately it rose to 21,000. You are very happy, you took profit, earning 5%, feeling great, but then the market continued to rise to 25,000... you earned 5%, but missed out on 50%;

Then you tell yourself you want to make big money, this time you resolutely do not take profit, and then the market goes back to 20,000. You opened another position, and it rose again to 21,000. You remind yourself to learn from the last lesson, hold on to make big money, but then the market returns to 20,000 and even drops below 20,000 to 19,500, and you cut your losses.

Many people spend their whole lives constantly switching between such dilemmas, never able to escape.

Is there a way to make money regardless of whether the market is big or small? No, you must choose one. I usually choose not to make small profits. What I’m saying here I cannot achieve 100%, and no one can do it perfectly, just like a man can reduce watching adult sites, but cannot completely stop unless he castrates himself.

But I can tell you the correct philosophy; how much you can achieve depends on personal cultivation. Each of us can only achieve a certain proportion of these philosophies, so we should try our best to improve that proportion.

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As a seasoned cryptocurrency investor, I’m sharing my experiences and insights. Interested in cryptocurrency but don’t know where to start? Click on the avatar to see the introduction, and let’s witness the moment of miracles together.