The value of a Trader does not lie in TP orders, analysis skills, and future predictions, but actually lies in the skills to handle orders and handle situations when the market is unfavorable, because that is what helps Trader "Survive" after many years.
"Braking not only helps us slow down, but braking helps us confidently go faster."
In trading, especially margin lending, we absolutely need to have barriers that should not be overcome.
- Do not let the sl level exceed 50%/order, or 50% of the total investment amount.
- Do not exceed 2 orders that touch sl/day, especially if it hits sl too quickly, you should temporarily stop trading.
+ First, wait for you to calm down
+ Second, wait for the market to stabilize and digest volatile news.
- Always have a reserve, from margin to spot, because there will be times when you really need it without having to sell out or exit the order to get money.
- Position, position and position...always set up for yourself a good position, strong cash flow behind, use spot to support margin, or use margin to pump money to support spot, help optimize spot entry
- When BTC decreases, there is one thing that almost always increases, that is USDT, you just don't realize it and don't know how to exploit it.
- Instead of bitterly trying to get back the negative amount from DCA, you can use the method of dividing many small orders, with a moderate distance to enter the order, so the risk level will be lowered.
For example, instead of buying a 1k order, you can set up and divide it into 5 orders of 200, each order separated by 10-20%.
Remember, when the market panics, absolutely never go all in 1 order, what helps us survive is always spreading out as many orders as possible, with less risk.
- Winners are not because they have beautiful entries at the right time, but because they always have a good backup plan behind them.
