1. Make an investment plan
Develop a practical investment plan based on your risk preference, investment goals and financial situation. Clarify the target rate of return and stop loss point for each transaction.
2. Diversify your investment
Don't put all your eggs in one basket, but invest your funds in different cryptocurrencies and projects to reduce the risk of a single investment.
3. Maintain a habit of regular investment
Invest a certain amount of funds regularly instead of all at once. This regular investment method can balance market fluctuations.
4. Control your position
Don't over-concentrate funds on a single project, and the position of each transaction should not exceed 10% of the total funds.
5. Stop loss in time
Once the loss reaches the pre-set stop loss point, close the position and leave the market immediately. Don't be magnified by the loss or try to "make up for the loss".
6. Observe calmly
Don't blindly follow the hype, but calmly study the market dynamics and choose the right time to enter and exit.
7. Record transactions
Record the process and results of each transaction in detail, summarize the experience and lessons, and provide a basis for the next transaction.
8. Profit appropriately
Don't be greedy to chase the rise and fall, but take appropriate profits. Properly locking in profits can help avoid risks.