First, when making money, you must protect your profits. For example, if you buy a coin and it rises by more than 10%, you need to be careful. If it drops back to your purchase price, sell it immediately without hesitation. If you make a 20% profit, you need to set a rule for yourself that you cannot sell unless you have at least a 10% profit, unless you are certain this is a temporary high point; otherwise, don't sell easily. The same goes for if you make a 30% profit; you must at least protect 15% of your profit before selling. This way, even if you don't have the technical skills to judge high points, you can still let your profits grow on their own $BTC

Second, if you are losing money, you must decisively cut your losses. If you buy a coin and it loses 15% (you can set this number yourself, but 15% is a suitable reference), you need to quickly sell to cut your losses. This is to prevent yourself from falling deeper into losses. If it rises afterward, that's fine; it just means you chose the wrong entry point this time, which is a mistaken trade, and mistakes come with a price, which is the loss. Remember, every time you open a position, you must set a stop-loss; this is an essential condition for trading coins #Crypto
Third, if the coin you sold drops, buy it back at the original price. If you sell a coin and it drops, but you are still optimistic about it, then buy back the same amount of the coin. This way, your quantity of coins remains the same, but you have more capital on hand. If it doesn't drop much after selling, and you didn't buy back, and later it rises back to your selling price, you must buy it back unconditionally.

While this approach may waste some transaction fees, it can avoid many risks of missing out. This principle can be combined with the stop-loss principle, which means buy back when it returns to the original price, and if it drops again, cut your losses. If you operate like this multiple times and find that the price of this coin is always unstable, then you need to choose a new entry point.

In short, trading coins with short-term operations must adhere to principles. Quick in and out do not equal reckless chaos, chasing hot trends does not equal random collisions, taking profits does not equal being timid, and holding cash to observe does not equal exiting the crypto space. Don't get too hung up on the lowest and highest price points for buying and selling.#币安Alpha上新 #Strategy增持比特币 #BTC走势分析