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Must-read for trading! 3 methods with a 99% success rate,
In the highly volatile crypto market, do you want stable profits? Remember these three "don'ts" that seem simple but can help you avoid 90% of the pitfalls:
1. Don't check market comments after placing an order.
There are always two voices in the crypto world: some shout for a rise, while others shout for a fall.
Why? The law of the market is that if someone profits, someone else loses; it's impossible to have a unified opinion. What to do? Don't check the comments section after placing an order! Others' opinions will shake your judgment: bullish remarks will make you blindly confident, bearish remarks will make you panic and sell, ultimately turning you into a "buy high, sell low" novice.
Key: Your trading logic should only depend on your own analysis; don't let others' chatter interfere with your decision-making.
2. Always set a stop-loss before placing an order; don't hold on to losing positions.
Investing comes with risks; there are no 100% correct trades.
How important is a stop-loss? For example, if you buy crypto for $10,000 and set a stop-loss at $9,500: if it drops below that, sell and limit your loss to $500; if you don’t set a stop-loss and it drops to $9,000, you lose $1,000; if it drops to $8,000, you lose $2,000… the more you hold on, the more you lose.
Don’t do something foolish: holding a losing position = putting yourself in chains. It may seem like you're locking in your losses, but it actually makes it harder to exit and you end up paying double the fees.
A stop-loss is a shield to protect your capital; it’s not about admitting defeat, it’s about preparing for the next battle.
3. Don’t increase your position if you're wrong about the direction; wait for the next opportunity.
Many people like to "buy more as prices fall" to average down their cost, but often they end up losing at halfway down.
Counterexample: If you buy crypto for $100, add to your position when it drops to $90, and then again at $80… the stop-loss keeps moving down, and eventually, your position becomes heavier, resulting in losses far exceeding your tolerance.
Correct approach: When you realize you are wrong about the direction, admit your mistake and close your position. The market offers opportunities every day; there’s no need to stubbornly hold onto a losing trade.
Key: Adding to a position is not a cure-all; if you're wrong, just stop; don't cover a new mistake with an old one.
#策略交易 reminds you: Discipline > Skill
The core of these three points is — to adhere to trading discipline and overcome human weaknesses:
1. Don’t let others' remarks disturb your mindset.
2. Don’t hold onto losing positions out of sheer luck.
3. Don’t impulsively add to your position and increase risk.
Remember: Making money in crypto doesn’t rely on sophisticated skills; it relies on not doing foolish things. engrain these three points into your trading habits, and your success rate will naturally improve. Try it now: before placing your next order, write down your stop-loss price.
Feel free to follow me; I never make after-the-fact comments, and continue to share great calls, stay tuned! #新闻交易
