The area of toilet paper used is about 10%, the remaining 90% is for
To avoid getting into messy situations. The principle applies to the crypto world as well.
Your 90% wealth is earned in the 10% of the time; so
Not being fully invested is very important; you need to be friends with time, utilizing the remaining 90%.
Wait for opportunities. New investors are reluctant to leave their positions empty or even struggle with half positions.
Suffer, you must dive in. I understand the fear of missing out; it's a feeling that strikes.
Who got it? Please raise a hand. (Not fully invested, wait for the right time)
Regardless of spot or futures, you must set profit-taking and stop-loss levels.
Buying isn’t impressive; selling is where the real skill is. Clearly, this transaction is profitable.
But he couldn't overcome the greed of human nature, and in the end, he was stuck.
This is talking about you; I believe everyone has experienced this.
The charm of setting limits. Then let me talk about stop-losses; setting a stop-loss is not
To truly stop losses, it actually improves your capital utilization.
Rate. For example, if you are stuck in a trade, and now you cut it off with a loss of 100u, you
Believe that with time, you will turn losses into profits; just hang in there, then
I tell you, even if you turn losses into profits in the future, you are still at a loss.
There is a time cost involved. Even if you set a stop-loss, you will still invest your capital into
In a more profitable trend. Especially in the current bull market, the same
Was stuck in this position with no way out; after a week, he finally solved it.
Got stuck; in a week, you can earn back the 100u loss. But if you
Should have set a stop-loss at that time, utilized the funds correctly for a week of trading.
What you gain is not just a profit of 100u.
Others made money buying whatever; when you hear this news, you
Definitely afraid of missing out. By the time you hear the news, it’s actually already too late.
You went in and became a high-risk buyer at a high position. (Don’t have
Avoid FOMO emotions; stay away from those who give you FOMO feelings.
Don’t have faith in any particular coin; be a player and earn when you can.
Leaving is not a bad thing. Identify the trend, earn, and leave. Wait quietly.
Is looking for the next trend. Don’t think that if you choose the right trend, even a pig can fly.
When we, the small investors, take off, we see the scenery outside.
The first thing to consider is not how to fly higher, but how to
How to safely navigate; otherwise, when the wind stops, you have not left, and you fall first.
What dies is you. Know when to take profit; the crypto world isn't about who makes money the fastest.
It's about who can survive longer.
Don't believe in getting rich overnight, but you should believe in the power of compound interest.
It is indeed very powerful.
Don't use money that affects your life to trade crypto. I have a little brother who
When he first met me, he was humble and cautious. At midnight he sent me a voice message asking a
About some KDI, MACD, or MA line issues. I taught him the basics.
A small detail. This guy feels like he has found a treasure, thinking he is invincible, heavily invested.
Opened a position, earning from 20K to 80K. I repeatedly advised against it but to no avail; you said you
As a graduate, is it easy to find a job? Earning a few thousand in a short time makes him think...
Dared to decisively resign to become a professional trader, but then the market crashed, he
He sent me voice messages with his voice trembling; the market helped me guide this little guy.
A harsh lesson from my partner. (Fighting a desperate battle is not suitable for the crypto world, you
Before stepping into this circle, at least leave yourself 1-2 exit strategies.
The market has risks; investing requires caution.