Here are a few life-saving tips for beginners, based on my experiences from real trading losses:
If it can help one person, that's enough! I suggest liking and saving this, so you won't lose it later.
Why can I make money through cryptocurrency trading?
My mindset is like this! Managing position and mentality are very important in trading.
I have ten thousand yuan, and I usually divide it into three parts, investing 3000 yuan each time.
If I see a clear direction, I will decisively take action. Many people don't know whether to go long or short, and this is where your self-control will be tested. Go long when the market is down, go short when it's up, while maintaining patience.
If you frequently open positions, the probability of losing money can be as high as 70%.
The principles of trading are actually quite simple, and there’s no need for high leverage operations.
This is the core of position management: only use one-third of your funds, and even with one loss, you still have enough principal to continue trading. Don’t hold onto the mindset of getting rich overnight with high leverage; do you really have that kind of ability and skill?
Final words for you:
Trading cryptocurrencies is not gambling; treat it as a profession. Go to work on time, shut down at the end of the day, enjoy life, and you will find that profits are more stable.
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