But in the cryptocurrency market, having transaction fees means that you've already lost the probability when you enter the market. You must enlarge the cycle and fluctuation space to reduce the impact of transaction fees. Don't underestimate transaction fees; they are a significant reason for the failure of the coin toss theory.
So in the cryptocurrency market, my trading frequency has dropped to a few dozen transactions a year. I calculate the number of trades like this: entering in batches counts as two trades, rather than counting entering and exiting as one.
Second, find a trading method that belongs to you and only act at familiar moments.
We have many methods for entering and exiting trades; there are so many indicators available. But the more methods there are, the easier it is to make mistakes. The simpler and more singular the method, the more it can guarantee the win rate. I remember when we were trained back in the day, the teacher didn't teach methods at all; he said everyone has their own method, and you can't teach what can't be learned. I consider myself a mid-tier trader; I can't make big money, but I never lose money. My stable monthly return is because my trading method seeks stability. Clients also prefer traders like me, who can make stable profits without causing a fatal blow to them.
Some people like to follow trends while also trying to catch reversals; these are two different ways of thinking, and the chances of making mistakes are higher. I am best at making reversals, so I will only wait for my opportunities and ignore the rest.
Third, buy low and sell high.
It's the simplest principle. This year, pork prices have risen, and everyone is raising pigs, so next year pork prices will surely fall. The market is cyclical; after a downturn, there will definitely be prosperity. During the market downturn, when no one dares to enter, enter in batches; raise pigs when pork is cheap, and sell when pork prices rise. It's that simple.
Control your risks. Trading institutions have risk control personnel and use forced liquidation. However, due to different trading methods, traders face varying degrees of losses. If you are following trends and have lost 10%, then it's clearly a mistake; if you're wrong, admit it and exit quickly. If you're making reversals, a 10% loss is quite normal.
That's about it. There's no use in saying more; the best traders in this world have been tempered by great storms. I've traded what you've done, and I've also traded what you haven't done. Every single one of the hundred thousand trades is based on solid experience. In trading, it's always easy to make money but hard to keep it. Not being able to secure profits after making gains is a significant problem. Click on my avatar to follow me, for free sharing of bull market strategy layouts, various contract and spot reference points. Be my fan, and I will help you get to safety; you just need to lie back.