Over the years, I have accumulated tens of millions of profits in the cryptocurrency circle. With a principal of 100,000, I have been speculating in cryptocurrencies full-time for 10 years. During this period, I have experienced many ups and downs, but I really made a lot of money by relying on two rounds of bull market opportunities. Here are some of my lessons learned:
1. The risk of each transaction should be controlled within 10% of the principal. It is not recommended for novices to take risks. It is best to control the risk within 2%-5%.
2. Once you enter the market, you cannot close your position because of short-term fluctuations or impatience. The market needs time to prove, and you must be patient.
3. Execute the transaction according to the plan and avoid over-trading, otherwise it is easy to make mistakes.
4. After making a profit, you should gradually adjust the stop profit and stop loss, boldly follow the market trend, and strive for maximum profit.
5. Never cancel the stop loss point at any time, so that you can effectively control the risk.
6. It is not recommended to add positions when the market is going well. Greed often leads to huge risks.
7. It requires extremely high technical content to transfer positions from long to short. Not everyone is suitable for switching positions at will.
8. When trading is going smoothly, don’t add positions easily. Overconfidence can easily lead to big mistakes. The above experience is the experience I have gained from years of hard work in the cryptocurrency circle. I hope it will be helpful to you. #狂人谈币