5. I don't know who invented the term "covering a position", which has caused many retail investors to fall into this trap and suffer heavy losses! Many people cover more and more when they lose more, and the more they cover, the more they lose. This is the most taboo in speculation, which puts oneself in a dead end. Remember never to cover a position when you are losing, but to increase your position when you are making a profit.
6. Volume and price indicators are the first to bear the brunt, and trading volume is the soul of the currency circle. When the price breaks through at a low level during consolidation, you should pay attention to it, and when it stagnates at a high level, you should exit decisively.
7. Only trade currencies with an upward trend, so that the chances of winning are the greatest and time is not wasted. The 3-day line turns upward, which means short-term rise; the 30-day line turns upward, which means medium-term rise; the 84-day line turns upward, which means the main rising wave rise; the 120-day moving average turns upward, which means long-term rise!
8. Adhere to weekly review, check whether the logic of holding coins has changed, technically check whether the weekly K-line trend is consistent with the judgment, whether the direction has changed, and adjust the trading strategy in time!
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