An old senior once told me something that resonated deeply, helping me to position myself correctly and understand the eight major periods that every cryptocurrency enthusiast must go through, constantly reflecting, using this as a mirror, and finally recovering what I had lost!
Perhaps in the eyes of some people, retail investors are always lambs waiting to be slaughtered!
If you are ready to enter the cryptocurrency space, I sincerely hope this article can help you. As someone who is quite good at summarizing and expressing, I believe some of my ideas may be helpful to you. Alright, without further ado, let's get straight to the point~
When it's hard to make a selling decision in trading, ask yourself: If your analysis is correct, then why is the market moving in the opposite direction? The only reason is that you are wrong, because the market does not make mistakes!
After ten years of ups and downs in the cryptocurrency world, from huge losses to substantial returns, I have summarized the following insights on trading cryptocurrencies!
These 19 iron rules can help cryptocurrency enthusiasts avoid a lot of risks, but the cryptocurrency space is complex and ever-changing, so they cannot be rigidly applied. You need to analyze based on actual situations, continue learning, and accumulate experience to make fewer mistakes and steadily protect your wallet, achieving stable wealth growth.
Why do 9 out of 10 people lose in cryptocurrency contracts? After reading this contract operation guide, you will be the one who wins!
Table of Contents:
1. Contracts are not gambling
2. Find the method that suits you best and understand the market environment
3. Position, volatility, holding time - understand the true risks of contracts and leverage
4. Leverage has position limits; you can't open a hundred times leverage with thousands of dollars
5. Entering only 10% with a hundred times leverage is not a light position; ten times is still ten times!
6. Recognize the limits of your current method
7. Stop loss, don’t hold onto losing positions!
8. As long as you keep an eye on the market, previously effective strategies will have a chance to be effective again
9. Keep trading records 10. If you haven't been exposed to contracts or entered the cryptocurrency space before reading this, don’t join just because you read it!
I am Ah Yue, focusing on analysis and teaching, a mentor and friend on your investment journey! I wish everyone investing in the market smooth sailing. As an analyst, the most basic thing is to help everyone make money. I will help you resolve confusion, manage positions, and provide operational advice, speaking with strength. When you are lost and don’t know what to do, look to Ah Yue (homepage) for guidance.
