Eight iron laws of crypto trading, let you easily control the market!
Go with the flow: the trend of the market is your friend, follow the trend, make fewer mistakes, and make more money.
Light position operation: Don't put all your eggs in one basket, diversification is the kingly way. Light position allows you to deal with market fluctuations more calmly, so as not to make a mistake and regret it forever.
Stop profit at the right time: only those who stop when they see good are winners, don't be blinded by greed. Only by knowing how to stop profit at the right time can you keep the fruits of victory.
Set stop loss: Risk control is the cornerstone of trading. Set a stop loss point to prevent losses from expanding infinitely and protect your capital.
Look at it objectively: market data does not lie, don't let emotions lead you by the nose. Speak with data and put aside subjective assumptions.
Wait patiently: there will always be opportunities, but impatience will only make you miss better ones. Calm down and wait for the best time to enter and exit.
Profit increase: Don't be afraid to increase when making money, let the profit snowball; on the contrary, don't blindly cover your position when losing money to avoid getting deeper and deeper.
Stay calm: Don't let market fluctuations disturb your mentality. The most important thing is to keep a normal mind, keep a stable mentality, and stay away from gains and losses.
Master these eight iron laws, no matter how strong the wind and waves are, you can be at ease in the crypto market!
