Why did it take me two days to use 36 US dollars to double 132 times to 4760 US dollars?
🌟The condition is not limited to investing in anything, the purpose is to double it
There is no doubt that I also lost money and made mistakes during the operation, including my initial liquidation when I played with contracts, so I spent money to buy experience. So what did I do right in my operation and what areas need to be adjusted?
1. Don’t operate frequently: One time, my aunt was upset and placed orders frequently, which resulted in opening positions that she would never open when she was awake. She also frequently closed positions because she was upset and suffered losses. Another time, she didn’t wake up in the early hours of the morning and placed orders without thinking. Later, I opened the historical position review and found that it was a rebound position, which is impossible to perform with my brain.
2. After making money, you still want to make more money, which leads to desire to open orders: after making money, if there are no opportunities to operate, take a rest instead of opening at 🦐🐔8. I have opened 🦐🐔8 a few times, and I ended up losing unnecessary money after making a profit.
3. Desire to control: People cannot defeat human nature. When they make money, they want to make more. When they lose money, they are unwilling to cut their flesh and carry it to death in order to make money back. So, leave it when it’s good! ! Cut when you need to, and control the entry position to cut the least painful meat. For example, the sharp drop of 3.10,000 to 2.50,000 in the past two days reflects the importance of taking a good stop loss and not holding the order.
4. Position control: When orders are placed at the same position, some people liquidate their positions and others make money, but the results are obviously different for the same position.
5. Don’t be confused when opening an order: Don’t be tempted to chase the rise when you see it, and chase the fall when you see it fall. If you happen to be at a rebound point, you should be clear about it. Be optimistic about the position before entering the market. Don’t step into the position. Don't even look at it.
5. I believe that there are shortcuts to everything in the world: such as the recent monster coins such as ygg, the sharp decline of the market, the good news of XRP or the luna incident. If you seize it, you can make tens or hundreds of times of profit. If you operate based on the information, or a 100U native dog that seems to have potential, it is possible to achieve a qualitative leap.
Summary: Don’t open orders frequently, wait for the right time before placing orders, don’t open emotional orders, and control human nature and close when you see a good time.