In trading, there is a key principle: avoid small profits and avoid big losses.

Although this principle is simple, it is not easy to put into practice.

For example, you invest 20,000 yuan, and when the price rises to 21,000 yuan, you make 5% and sell it, feeling good, but you didn't expect that the price would soar to 25,000 yuan later, and you missed 45% of the profit.

Then, you decide to make big money next time and no longer rush to sell. But the market returns to 20,000 yuan, or even lower to 19,500 yuan, and you have to stop loss.

This is really challenging! Many people are always wandering in this dilemma of "making small money and afraid of missing out, making big money and afraid of retracement".

In fact, there is no perfect way to make money in all situations. You have to make a choice. I personally prefer to avoid small profits and pursue greater gains.

I can't do all these suggestions, but I hope to give you the right ideas. The extent to which each person can do it depends on their own experience and cultivation. We can only try our best to increase the practice ratio of this concept.

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