Investment rules invented by legendary traders
Read carefully and it may help you change your life
#kaiju #kaiju以太链, Livermore was a legendary early stock trader who proposed trading rules that are useful for the cryptocurrency world.
These rules can be applied to any market in principle, including the cryptocurrency world.
Don't predict trends:
It is difficult to accurately predict future trends in both the stock market and the cryptocurrency world. The best strategy is to follow the market trend. It is extremely useful for people in the cryptocurrency world,
Follow the main trend:
When you identify a trend (for example, the rise of a certain cryptocurrency), then hold on until the trend changes. Continue to be useful,
Control risk:
Never invest money you can't afford to lose. In the cryptocurrency world, market volatility is particularly high, so managing risk is particularly important. Useful,
Learn to wait:
Sometimes, the best strategy is to wait for the right time. There is no need to trade at all times. See, it is to let everyone reduce the frequency of trading and be patient.
Accept your mistakes:
When you realize that you have made a trading mistake, sell your position quickly to reduce losses. This is difficult to do in the cryptocurrency world, but it is the correct investment method in the cryptocurrency world. Of course, it also depends on the target you actually hold.
Don't let emotions drive your decision:
In the cryptocurrency world, emotional trading is a common trap due to extreme price fluctuations. Stay calm, follow your strategy, and don't be affected by market noise.
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