Intimate advice for novices!!!
1. Sincere words from an old trader to a novices.
Why do I always mention managing money? Because many people have never experienced the feeling of losing all their money, and they don’t understand it when they lose it, and they have lost all their confidence...
So, listen to me: divide the money into five parts, take one part to play the market, and treat it as all your money. (Put the other four parts aside for now)
Put the money into the account, just like investing real money.
You will encounter two feelings:
When you make money, you feel so happy that you think the market is so good, and you even want to drop out of school or quit your job to trade full-time
When you lose all your money, you are so scared that you feel panic and confused.
Maybe you haven’t understood it yet, so take another part of the money and try it, and you will encounter the above things again.
Try it a few more times, and you may understand it. Look back and see how to manage money, don’t take detours again.
Many people only give you advice, but don’t take you on the right path. This is the truth.
2. Don't be too greedy: Gamblers always want to make money quickly and fail to see the risks of trading. Even if they know the market is falling, they still invest in it, hoping that the price will rebound.
Emotions follow the market: The cryptocurrency market changes quickly, and emotions follow. Once the price drops, you become nervous and insecure, and you tend to make decisions based on your feelings and forget to analyze the market.
High risk: The cryptocurrency market is risky, especially when making money, you have to make decisions quickly, but often you don't have time to analyze it properly.
Overconfidence: Successful investors sometimes get carried away, feel that they can do everything, look for opportunities everywhere, and forget to assess risks. Previous success makes you feel that you can make more in the future.
Therefore, if you want to make money in the cryptocurrency market, in addition to understanding the market and being able to analyze, you must also learn to control your emotions
In the next layout direction, I will lead everyone to aim at the profit opportunities of cottages, especially those projects with great potential. It is no problem to expect more than 10 times the space. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market together!