It’s very simple. The leeks only pay attention to the rise and fall of the market but ignore the importance of position management.
I don't have much money on hand, so when I hear others say this one makes money, I buy it. When I see that something is good, I buy it.
After all the operations, he has dozens or even hundreds of currencies in his hands and can't even keep track of them all. Do you think he can avoid losing money?
Therefore, learning to manage your positions reasonably is the first step to making money.
Once you learn position management, it is difficult to lose money, because it is actually very simple to make money by speculating in cryptocurrencies.
Find a currency with potential, buy it at a low price, then hold it patiently and sell it at a high price.
As long as you are not greedy and keep your mind calm, making money is a safe thing.
1. If you have a capital of 100,000, you can only hold three potential currencies at most.
Just focus on holding on, wait patiently, don't look around, and making money will happen naturally.
2. If your capital reaches 200,000, consider adding three currencies, but you must also choose carefully and don’t blindly follow the trend.
3. If your capital reaches 500,000, you can consider adding three more, but remember, the more is not necessarily better. It depends on whether you can manage it.
4. If you accidentally accumulate 1 million in funds, you can only hold ten currencies at most. If you hold more, you will not be able to handle it.
If you maintain this kind of self-disciplined attitude towards trading, you can really become a multi-millionaire.
By that time, even if you have tens of millions in your hands, those ten currencies will be enough.
Because at this time, you have to be more careful, after all, the more money you have, the easier it is to lose.
What if, I mean what if, you accidentally become a billionaire, with 100 million or even more.
At this time, choosing how many coins to buy is no longer a question for you to think about.
You have to pay more attention to asset allocation and risk control. Once you reach this level, you have to make money by speculating in cryptocurrencies.
You should understand what I mean by this, right? It’s okay if you don’t understand. You will naturally understand it when you reach this level.
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