Want to steadily profit in the cryptocurrency market.

Eight position management techniques to help you maintain your mindset and avoid falling into the trap of losses! Read carefully, and I hope it helps you.

1. Each time you enter the market, do not let losses exceed 10%

If your losses reach 10%, you must decisively exit the market! This indicates that something is wrong with your operations, and staying in the market will only lead to deeper troubles.

2. Set a stop-loss level and always remember it

The stop-loss level is your safety rope; it can be set at 5% or another appropriate range, but it must exist! This emphasizes the first technique again, ensuring your capital safety.

3. Never overtrade

Proper trading is important! When the market direction is unclear, do not invest too much capital; also, avoid frequent trading to keep your mindset stable.

4. Prevent profits from turning into losses

Set a stop-profit level to protect your profits! In a profitable situation, set a stop-profit level that is not lower than your cost, ensuring your profits do not go to waste.

5. If in doubt, close your position

When you cannot determine the market trend, it is wise to exit and observe. Holding a position continuously will only lead you to blind investing; there is no need to take risks.

6. Only trade in active markets

An active market means better liquidity, ensuring your trades can proceed smoothly. Choose markets with high trading volume for buying and selling.

7. Do not set target prices, follow the trend

Do not have fixed expectations for market prices; moving with market trends is the right way. Remember, do not let target prices restrict your actions!

8. Do not close positions without reasonable justification

Many novice investors like to close positions based on feelings, which can often become arbitrary. Set stop-profit levels to safeguard your profits, allowing your trades to be more rational. #本周高光时刻 $BTC