"Lao Lin's Experience Sharing in the Coin Circle: 5 Golden Rules to Help You Avoid Detours"
After ten years of ups and downs in currency speculation, Lao Lin has summed up several experiences in currency speculation that are applicable to most friends, and each of them is a sum of real money gained through practice. Whether you are a novice or a veteran, these experiences can help you avoid detours and improve investment efficiency. Let’s take a look!
Choose high-quality projects: To speculate in currencies, you must choose high-quality projects and only work on currencies that are in an upward trend. By observing the trend of the 5th, 20th and 60th lines, we can judge the short-term, mid-term and long-term trends, thereby seizing the opportunity of the main rise.
Strict fund management: Divide the funds in hand into 5 parts, and only add one-fifth each time. Strictly abide by the stop loss principle of 10 points, and lose a maximum of 2% of the total share each time. In this way, even if you make five consecutive mistakes, you will only lose 10% of the total capital. At the same time, set a take-profit of more than 10 points to make stable profits.
Go with the trend: Don’t blindly buy the bottom or go short easily. In a weak market, don't try to take advantage, but in a strong market, stick to following the trend, because the strong will always be strong and the weak will always be weak.
Seize the golden pit and bull-inducing opportunities: In an upward trend, every correction is a golden pit, while in a downward trend, every rebound is often a bull-inducing opportunity. By seizing these opportunities, you can increase your winning rate and gain more profits.
Rational exit: When market sentiment is overheated and the price is higher than the value, exit in a timely manner. Don't blindly follow the trend because of temporary madness, stay rational and take the best approach.
The above is Lao Lin’s experience sharing in the currency circle. I hope it can be helpful to everyone. Remember to like, follow and forward, this is our greatest support! Let us work together to move towards a more stable investment path.
