Friends, are you exhausted from trading, and is your wallet becoming thinner? Don't worry, I have also experienced that feeling of despair with a million in debt, but after reflecting on the pain, I finally understood the essence of trading!
Do you know? In the crypto world, the only people who can truly get rich are those who have experienced liquidation and losses, yet can still rise, summarize their experiences, and possess a strong mindset. That's right, I am that kind of person, and now I want to share my experiences with you!
First, you need to understand that trading is like warfare; survival is the first principle. No matter how much you've earned before, if you lose 100% once, you have to start over. So, protect your capital.
That's the hard truth! Before every trade, you must ask yourself: How much do I plan to earn? What is the maximum loss I can accept? Once you hit your bottom line, exit immediately without hesitation!
Second, you need to have a clear operational system. Don't blindly follow the crowd; just because you see others buying something, it doesn't mean you should buy it too. You need to have your own judgment and trading strategy. You should know when to enter and when to exit.
Furthermore, trends are your good friends. Don't get blinded by short-term fluctuations; you need to have patience and wait for a major market movement. Once the trend is clear, follow it; don't go against it. Remember, bull markets don't end in a day, and the same goes for bear markets. You need to be patient to reap the rewards!
Mental quality is also key in trading. You need to have strong mental resilience; don't be scared out of your wits by small fluctuations. You must have the mindset and vision to handle major losses to navigate this market smoothly.
Of course, you must continue to learn and research. Don't think that just because you understand a little bit, you are invincible. You need to keep learning new knowledge and understanding market dynamics and project backgrounds. Only then can you stand firm in this rapidly changing market.
Finally, I want to tell you the simplest trading method—diversification and risk reduction. Don't put all your eggs in one basket; you should spread your funds across multiple promising projects and asset classes. This way, even if one project fails, you won't be severely hurt.
Also, you need to choose a safe trading platform and wallet. Don't choose an unreliable platform just to save on transaction fees. You should choose well-known, secure platforms for trading to protect your funds.
In the past few days, I have been preparing for the launch of a divine trade!!!
Comment 168 to get on board!!!
Impermanence brings impermanence brings impermanence brings!!!
Important things need to be said three times!!!
