Set up Take Profit and Stop Loss:
Stop-profit and stop-loss can be said to be the key to whether we can make a profit. In several transactions, we must make the total profit 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 funds;
② Each profit>5% of the total funds;
③ Total transaction winning rate ＞50%
If the above requirements are met (profit-loss ratio greater than 1 and win rate greater than 50%), profits can be achieved. Of course, a high profit-loss ratio and a low win rate can also be achieved, or a low profit-loss ratio and a high win rate can be achieved. Anyway, as long as the total profit is positive, the total profit = initial principal × (average profit × win rate - average loss × loss rate). In the Bit King trading system, a 30% fluctuation is expected before a move is made, so the profit-loss ratio of Bit King will be very high, which is one of the fundamental reasons for Bit King's incredible returns. However, many people tend to stop when they make a profit in actual combat, and bite the bullet and hold on when they lose money, and they know that this is wrong, but they just can't control themselves. This is the weakness of human nature. Greed and fear need to be controlled by fund management. #BTC #etf
