#MyStrategyEvolution Tips for Traders
Don't take risks! It's enough to take advantage of a major bull market once a year; don't invest all your money, keep some as collateral so you can buy more if the price drops.
Earn according to your understanding! Don't trade currencies you don't understand; practicing on a demo account is good, but when real money is involved, the mindset is completely different. Learn well before you act.
Don't be greedy for good news! If you don't sell on the day the news comes out, and the next day opens at a high price, sell quickly. Everyone is waiting to take profits upon hearing good news, and a high price opening is an opportunity to escape; if you wait too long, you may be stuck holding it.
Reduce your investments a week before holidays! During holidays, market trading volume is low, and prices can easily rise or fall. Don't take risks; enjoying the holiday is more important.
Remember the medium and long-term strategy: "Buy low, sell high!" Buy in increments when prices drop, and sell in increments when they rise. This way, you can lower your costs and have flexible cash at your disposal, so don't fear market fluctuations.
Only choose popular currencies! Don't touch currencies with low daily trading volume; if there's no one to take your position, you may get stuck. Follow the flow of large capital; good liquidity means good profits.
#BTC