Why is frequent trading a guaranteed loss? Understand these key points to stabilize your footing!

Contract trading most avoids frequent entry and exit. Many people lose heavily in this type of short-term, frequent trading. How can you avoid the situation of 'frequent trading leads to death'? Here are a few key points:

Clarify trading strategy and avoid blind operations

Trend trading: When the weekly chart of Bitcoin shows a clear upward trend, with several weeks of closing prices rising, and indicators showing strong bullish momentum, it is the time to decisively enter the market and hold the position until the trend reverses before exiting, rather than frequently chasing highs and cutting losses.

Set trading cycle: You can set a trading assessment every two weeks to avoid making decisions daily or even hourly. The market is never short of opportunities; the important thing is to seize the truly good opportunities.

Implement risk control; set stop-loss and take-profit points

Stop-loss and take-profit: For example, when going long on Bitcoin contracts, set a 10% stop-loss point. If the price falls to the stop-loss point, automatically close the position to avoid further losses. The same applies to take-profit; close the position once the expected profit is reached. Do not be greedy, as frequent trading is often driven by greed.

Rationally view market information and avoid impulsive trading

Don't be swayed by news: There is plenty of market news, both positive and negative. Many people rush to enter the market upon seeing a piece of news. However, without a clear judgment on the authenticity of the news, impulsive trading often leads to heavy losses. Analyze the long-term impact of news on the market rationally and make calm decisions.

Attention to altcoins:

pnut, doge, pepe, and other coins should also be closely monitored to avoid missing any opportunities.

The bull market is here, don't hesitate! Join me to lay out the next big trend; the opportunity to double your investment is right in front of you! If you want to break even and make big profits, follow my lead!

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