Set take profit and stop loss:

Stop-profit and stop-loss can be said to be the key to determining profitability. In several transactions, we must ensure that the total profit is greater than the total loss. It is not difficult to achieve this, just do the following:

① Each stop loss is ≤ 5% of the total capital;

② Each profit is >5% of the total funds;

③ Total transaction winning rate＞50%

Profit can be achieved if the above requirements are met (the profit-loss ratio is greater than 1 and the winning rate is greater than 50%). Of course, it can also be a high profit-loss ratio and a low winning rate, or a low profit-loss ratio and a high winning rate. Anyway, as long as the total profit is guaranteed to be positive, the total profit = initial principal × (average profit × winning rate - average loss × losing rate). In Bit King's trading system, it is expected that there will be a 30% fluctuation before taking action. Therefore, Bit King's profit-loss ratio will be very high. This is one of the fundamental reasons for Bit King's extraordinary profits. However, in actual combat, many people tend to give up when profits are good, and hold on to losses when losses occur. They know that this is wrong, but they just can't control it. This is the weakness of human nature. Greed and fear need to be controlled through money management. #bit皇#BTC