1. Use affordable money for investment, especially when the trading system is not yet mature. 2. Do not use high leverage, the maximum is no more than 10 times. 3. Open a position with a stop loss, unless it is spot, but I think it is better to sell when the spot price falls below the psychological price, and then it is safer to enter again when the opportunity arises. 4. Light position on the left, and increase the position on the right. 5. Always think that you may make mistakes and constantly improve the safety margin. 6. Do not do overnight orders, unless it is spot. Poor sleep will affect your life and trading judgment. These points are very simple, it seems that everyone knows them, but in fact, I have learned them by spending money and time. How many people here are repeating mistakes? If you don’t correct your mistakes, you can only keep paying tuition. This is the cruelty of the market itself. I can only say this. Encourage each other.

Why am I so cautious? Let me briefly talk about my recent story and trading experience.
From my previous articles, you can see that I am a relatively cautious trader. In the case of today, when I buy spot in the morning, it is a left-side transaction, so I lightly position some currencies that have fallen more thoroughly, and keep a wait-and-see attitude towards high-value currencies. There is also USUAL, which I got from mining. At first, I didn’t care too much about this currency. I just wanted to sell it when it officially opened, but I saw that the price of the currency fell due to Binance’s label error, and many people were scared. I immediately saw that this was an opportunity, so I bought some when it fell back to about 0.6, and sold it when it reached about 1. Compared with today’s price, it seems to be a sell-off, but I am not greedy, just grab a part of the high probability. When it reached 1.2, I posted a post to remind the risks and let it be sold gradually. The logic behind it is that although it is an innovative move, a reward currency that relies on prepaid interest does not have enough value support, and can only be short-term speculation, so I am not optimistic.
Back to why I am cautious, this comes from the experience of liquidation and huge losses. Only those who have experienced it can understand the despair and trance after the liquidation. There is a sense of unreality, a feeling of bitter laughter, and a bit of bitterness. People with similar experiences and feelings, please leave your footprints in the comment area. Today, my total capital loss is -1.58%, which is completely within the acceptable range. I think the high position of the big cake is more dangerous and beyond my cognition. So except for shorting after the rebound of 105,000, I am basically shorting. I have encountered this situation today more than many times, and it seems familiar. Many people should have withdrawn again, which is very regrettable. I hope to learn a lesson. All the tuition fees paid should make the personal trading system more robust, instead of thinking about getting rich quickly, being very greedy, and not knowing how to stand in time. To summarize briefly, the following points are very important:

Too many words, continue to serialize in the comment area

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