ETF-币先知
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Three Major Taboo in the Cryptocurrency World, Beginners Must Read!!!
Three Things You Must Not Do When Trading Cryptocurrency
1. Don't Chase Prices: Stay Calm When Prices Rise, Enter When Prices Fall
In the market, most people have a habit of chasing prices and panic selling. When they see others making profits, they rush in. However, this kind of 'herd behavior' is the easiest way to get trapped.
Remember: 'Buy when prices fall, sell when prices rise.'
When the market is in panic, you must be brave enough to enter; when the market is overheated, you need to know to stay calm and observe. Doing this can help you avoid most risks and stabilize your profits.
2. Don't Put All Your Eggs in One Basket: Diversify Your Funds, Control Your Risks
Many beginners tend to put all their money into one cryptocurrency or one trade. This is an extremely dangerous move.
Diversifying risks is a fundamental principle of trading cryptocurrencies. Don’t invest all your funds into a single trade. For example, allocate 10% of your funds for long-term investment, 20% for short-term trading, and keep the remaining 30% as reserve funds. This way you can avoid significant losses.
3. Don't Trade with All Your Funds: Leave Some Funds for Flexibility in Responding to Market Changes
Some investors, in pursuit of higher returns, often choose to trade with all their funds. But trading with all your funds means that if you make a mistake, the risks will be amplified.
Keeping some funds not only helps you avoid the fatal impact of market fluctuations but also allows you to seize other opportunities that may arise at any time. Remember: The key to short-term cryptocurrency trading is flexibility, not just increasing your investments blindly.
Over the years, I have experienced the ups and downs in the cryptocurrency world, tasting the bittersweet and sour moments. I have faced despair on the brink of bankruptcy and enjoyed the joy of soaring assets. Every setback is a cornerstone of growth, and every success is an accumulation of experience. Now, looking back, the journey with its storms has become the most precious wealth in my life.
If anyone feels lost due to market fluctuations and doesn’t know how to deal with being trapped, or feels misled during their trading process, feel free to communicate!
Today's Focus: REZ RED DEGO
#特朗普签署行政命令 #加密市场回调 #德克萨斯州比特币战略储备法案
Three Things You Must Not Do When Trading Cryptocurrency
1. Don't Chase Prices: Stay Calm When Prices Rise, Enter When Prices Fall
In the market, most people have a habit of chasing prices and panic selling. When they see others making profits, they rush in. However, this kind of 'herd behavior' is the easiest way to get trapped.
Remember: 'Buy when prices fall, sell when prices rise.'
When the market is in panic, you must be brave enough to enter; when the market is overheated, you need to know to stay calm and observe. Doing this can help you avoid most risks and stabilize your profits.
2. Don't Put All Your Eggs in One Basket: Diversify Your Funds, Control Your Risks
Many beginners tend to put all their money into one cryptocurrency or one trade. This is an extremely dangerous move.
Diversifying risks is a fundamental principle of trading cryptocurrencies. Don’t invest all your funds into a single trade. For example, allocate 10% of your funds for long-term investment, 20% for short-term trading, and keep the remaining 30% as reserve funds. This way you can avoid significant losses.
3. Don't Trade with All Your Funds: Leave Some Funds for Flexibility in Responding to Market Changes
Some investors, in pursuit of higher returns, often choose to trade with all their funds. But trading with all your funds means that if you make a mistake, the risks will be amplified.
Keeping some funds not only helps you avoid the fatal impact of market fluctuations but also allows you to seize other opportunities that may arise at any time. Remember: The key to short-term cryptocurrency trading is flexibility, not just increasing your investments blindly.
Over the years, I have experienced the ups and downs in the cryptocurrency world, tasting the bittersweet and sour moments. I have faced despair on the brink of bankruptcy and enjoyed the joy of soaring assets. Every setback is a cornerstone of growth, and every success is an accumulation of experience. Now, looking back, the journey with its storms has become the most precious wealth in my life.
If anyone feels lost due to market fluctuations and doesn’t know how to deal with being trapped, or feels misled during their trading process, feel free to communicate!
Today's Focus: REZ RED DEGO
#特朗普签署行政命令 #加密市场回调 #德克萨斯州比特币战略储备法案
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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