Practical Tips | Don’t be in a hurry to make money
Many people trade with a very frivolous attitude,
thinking that they only invested a few dozen dollars anyway, and if they blow up, they will stop playing, then the result will definitely be a blow up.
If you keep this mentality, no matter how much money you invest, it will eventually return to zero.
1. Take every transaction seriously. Don’t ignore the risk just because you invest little. Even a small investment can be quickly magnified, regardless of profit or loss;
2. Do a good job of research before investing. Understand market dynamics, learn basic technical analysis and fundamental analysis, rather than relying on intuition or blindly following the trend;
3. Set up a clear plan. Determine the maximum loss you are willing to bear and strictly abide by the stop loss point;
4. Be patient and take the time to learn. Don’t expect to get rich overnight. Steady accumulation and continuous learning can allow you to survive in this market.
