How to achieve unity of knowledge and action and stop buying and selling randomly?

On the road of currency speculation, buying and selling randomly is not allowed. The following methods may help you achieve unity of knowledge and action.

1. Establish a correct mentality

When you don't have enough confidence to make money, you must control your positions, keep your positions, and prevent risks. You must know that the accumulation of wealth is a process, and you can't rush for success. At the same time, don't have the fantasy of getting rich overnight. Relying on time compounding, it's also great to double your money in a year. You should make yourself richer every year, instead of going downhill all the way after reaching the peak this year.

2. Establish a cooperation mechanism

It's easy for a person to lose control. In order to control yourself, you can find someone you recognize to work with you to do risk control. Clarify the division of labor, who is responsible for currency analysis, who is responsible for order risk control, each is responsible for their own responsibilities, and one person can't take care of everything. In this way, you can supervise each other and avoid impulsive trading.

3. Make a clear trading plan

A confirmed trading plan is the key to achieving unity of knowledge and action. For example, if the price of Bitcoin drops by more than 20%, you can start to invest in leverage, and if it rises by 100%, you can start to leverage in batches; or you can decide to trade in the fourth quarter, and work hard to make money in other quarters to prepare for the fourth quarter. With a specific plan, you can be more rational when trading and not be swayed by emotions.

In short, to achieve unity of knowledge and action and stop buying and selling randomly, we need to adjust our mentality, establish cooperation, make plans, and participate in cryptocurrency trading in a more stable way. #交易策略 #知行合一 #炒币心得