A few points that small funds in the cryptocurrency market need to strictly follow to grow
1. Profit is the ultimate goal
2. Extend the trading cycle, reduce trading frequency, only trade during major market movements
3. Each loss must not exceed ten percent (or five or lower) of the current contract value
4. The margin ratio for each opening position must not exceed ten percent (or five or lower) of the current contract value
5. Each loss must not exceed one hundred percent of the margin for the position
6. Always set a stop loss after opening each order
7. Determine the stop loss price based on analysis, calculate the loss ratio based on the stop loss price (refer to point 5)
8. If the stop loss price after opening does not match the maximum loss ratio, adjust the position to increase or decrease (it is recommended to gradually increase the position with low margin)
9.
10. Never resist losses; a significant loss will be very difficult to recover from. Take profits in batches, taking profits from fifty percent of the remaining position each time, then sequentially move the stop loss price to the current average price of the position.
Until before opening the next order, the previous order can be completely liquidated
11. Do not make adjustments to floating profits or losses, which are very hard to control; trading methods are best fixed
12. First analyze the structure, then determine the trend, then decide the direction, and then create
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