How to quickly recover in the cryptocurrency world? It's simple.
Follow my survival rules: in trading, there's no free ride; every step counts!
Let me share my insights, wholeheartedly sharing with everyone (personal opinion). This is also what I find fascinating about trading. Trolls, please refrain; don’t seek validation! If you agree, give a thumbs up and save this!!
Finding the holy grail in this job has become my joy, just like completing a video game:
1: Don’t overly trust your instincts. In one sentence, don’t focus on what others say, but rather on what is happening in the market.
2: Basic knowledge is still needed, such as what a standard lot is, what a spread is, what a commission is, and concepts like MACD, KDJ, moving averages, Fibonacci retracement, etc.
3: Maintain a good mindset; making a profit is normal. (Note: You also need to understand some basic foreign exchange knowledge.)
4: Communicate more with experienced investors, learn from others' trading methods, trading skills, and trading insights.
5: Finally, of course, learn more about gold investment knowledge, enrich yourself, summarize daily. As the saying goes, practice is the sole criterion for testing truth. Only through extensive real trading can one truly begin to understand forex trading.
Outline!!!! Remember this!
Use rules to improve your win rate, adhere to the trader's code of conduct.
1. Only trade with stop loss; staying alive is the future.
2. Don’t arbitrarily change the lot size; don’t trade heavily.
3. Don’t modify stop losses; decide before trading and don’t regret.
Approach this profession with reflection and problem-solving skills.
Only by identifying key factors and finding ways to address them can we possibly establish a basic trading system.
When we trade a hundred times, we want to maximize our wins and minimize our losses; that’s the first point. The second point is to find ways to limit our losses when we lose, and to ensure we win more when we win.
In life, there are no free rides; every step counts.
To break through each layer of understanding requires corresponding experience, and independent thinking is essential. If you haven’t experienced anything, it’s impossible to become a trading expert right away. Extensive practice, abundant experiences, and considerable independent thinking are indispensable.
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