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The Four Principles of Trading, A Must-Read for Beginners!

✨About Entry

Entering the market is a process of trial and error; no entry method can guarantee what will happen next 100% of the time. Entry is not the entirety of trading; it is merely the beginning of the trade.

Pursuing a perfect entry is the biggest trap in trading. Only by overcoming this hurdle can one truly begin to think about what trading is, leading to the subsequent stages.

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✨About Stop Loss

Stop loss must be decisive and resolute; this is the introductory course to trading. In risk trading, the prerequisite is to control risks. Only by actively cutting off losses can one maintain control over the life and death of the account and have the opportunity to continue moving forward in an uncertain market.

✨About Take Profit

When taking profit, one must try to let go of the profit side as much as possible. If one cannot let go of the profit side and cannot withstand drawdowns, they will forever only be able to make small profits, never catching the trending market, and may even fail to recover the cost of trial and error.

In trading, losses must be actively controlled by oneself, while the ability to profit depends on uncertain trends. Therefore, trading should actively cut losses and let profits run. Only in this way can one have the opportunity to accumulate an advantage and achieve positive returns.

✨About Trends

Market conditions are uncertain, and the highs and lows of fluctuations and trends cannot be predicted. However, clinging to losses and taking profits too early makes it difficult to control risks, whereas cutting off losses and letting profits run is a trend-based mindset that can do so. Therefore, when trading, a trend-based approach is a feasible hope for achieving profits.