Last night I had tea and chatted with a big cryptocurrency trader. He shared some experiences that I think are very valuable and must be shared with everyone!
1. If you make a lot of money, leave quickly, then calm down and rest, or travel around the world to relax! ! ! ! !
2. If the continuous loss exceeds 10%, you must find out the reason for the loss to avoid getting deeper and deeper.
3. If you are doing short-term trading, don't trade if there is ambiguity. This is the easiest time to lose money.
4. Don't follow up if the increase exceeds 50%. Usually such opportunities are traps and buying is easy to get stuck.
5. After a continuous surge, don't be jealous of the high volume. This is often a lure to buy more. Control your emotions and don't buy.
6. Buy low when weak, and buy when strong.
7. Don't add positions if you don't understand the situation and are not 90% sure. It is safe to build positions in batches at low levels.
8. Operate the currency you want to buy in a familiar mode to make risk-free money!
9. Do not trade callbacks below the weekly line to avoid heavy losses from early intervention.
In short, as an investor, while pursuing high returns, it is important to carefully assess risks and invest rationally.
