When the price plunges, is there a strong urge to cover the position?
You bravely bought 10,000 U when the price was 10U, and watched it slide to 5U, thinking: "It's a good time to cover your position!" Then you put in another 10,000 U, and the cost dropped to 6.67U, which felt like a bargain. But don't forget to have enough "ammunition" on hand, otherwise you will be left staring blankly if the market goes into a deep squat again.
Thinking that earning 1% every day can make it onto the rich list? It sounds like a dream, but it is also a wake-up call.
The market changes faster than turning the pages of a book. If you make a mistake, your hard-earned money may be gone. Investing is not as simple as betting on the size of the bet. Even if you win six times, the four losses may make you go back to the old days overnight.
Compound interest sounds like magic, it can make money grow fast. But to be honest, it is harder to win continuously than to climb to the sky, not to mention accumulating a mountain of wealth quickly. Don't believe those legends of getting rich overnight. On the road of investment, patience and strategy are your compass.

In the contract, position management and capital management are of paramount importance. Don't learn from those novices or veterans who bet a large portion of their family assets at every turn. At most, take 2%-5% of the principal to test the waters, and then add 20 times leverage. This way, you can advance and retreat freely, and it is safe and exciting.
As for those big guys who use leverage of hundreds of times, I can only say that they are dancing on the edge of a knife, playing with their heartbeats. When investing, stability is the most important thing. Don't let greed lead you astray. In the long run, a steady strategy is the golden key to financial freedom.

1. When the price of a currency rises and then falls back, but the trading volume does not decrease, it means that the market is still hot and may continue to rise. However, if the price reaches a new high but the trading volume decreases, you should pay attention, as it may be approaching the top.
2. If the price of a currency stays at a low level for a long time, don't rush to buy it. See if it will bottom out again and then rebound. If this reversal is successful, it will be a good time to buy.
3. The coin has been lingering at the bottom for a long time, and suddenly one day it breaks out, and then falls back. Don't worry, wait for it to break out again, then it may really take off, and the increase may be significant.
4. The price of the currency has been rising rapidly, and then it starts to go sideways, with small fluctuations up and down. At this time, you must be vigilant, it may be that the market is tempting you to enter the market, but in fact, risks are quietly accumulating. Remember to set a stop loss, don't be trapped.
In short, setting the buying and selling points and stop loss lines before trading is a hard truth to protect your wallet.

The current market is in chaos, the price of altcoins has plummeted, and there is little pull-up, and retail investors are suffering. In the cryptocurrency circle, the greatest pain is the long wait.