Sharing valuable insights! 6 Major Ways to Control Risks:
1: Divide your funds into 5 parts, only invest one-fifth each time, control a 10-point stop-loss, losing once means only losing 2% of the total funds, and losing 5 times means losing 10% of the total funds.
2: Follow the trend, in a downward trend every rebound is a trap for buyers, in an upward trend every drop creates a golden opportunity.
3: Avoid coins that have surged rapidly in the short term; stagnation at high levels will naturally lead to a decline.
4: Use MACD to determine entry and exit points. A stable entry signal occurs when the DIF line and DEA cross upwards below the 0 axis and break through the 0 axis. A reduction signal occurs when the MACD forms a death cross above the 0 axis and moves downwards.
5: Never add to your position when you are at a loss, but rather increase your position when you are in profit. Volume and price indicators are also very important; when the coin price breaks out with increased volume at a low level during consolidation, pay attention, and decisively exit when there is increased volume and stagnation at a high level. Only trade strong coins that are in a rising trend.
6: Persist in reviewing your trades weekly and adjust your trading strategy in a timely manner.
Want to learn more strategies? Follow me, and I will guide you through the crypto world!!!